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 Second job wages gone lower with no warning?
I have two jobs – I work 40 hours in my main job and get paid with a monthly salary, and my second job I work 5 hours and get paid by the hour. Recently the wages from my second job has been less ...


 I have recently started working as an interpreter in the UK , I am not sure how to sort out my tax?
I do not know how to pay my tax and how do I calculate it ? please ...


 I forgot my Social Security number. How do I verify it?
Do I just go to a SS office and tell them I lost it?

Not sure what category to put this in....


 Is this water meter bill normal? In the UK?
We just had our water meter bill for 6 MONTHS. It is £274. We are 2 adults who are out all day.
We shower instead of bath. No kids. Just a normal semi. No swimming pool.
Additional D...


 If I open up a discount brokerage under my parent's name, how would tax work?
Would it be strictly under their income or is there something else to it? I'm 18 years old but Interactive Brokers requires you to be 21 for a margin account. My mom said she would allow me to ...


 I used my friends pan number to create my paypal account.can i modify it later after getting my own pan card ?
First of does my paypal account work?can i modify it after getting my pan ...


 sell things on facebook..taxes?
I saw that a lot of people are selling things on facebook, like color contacts lenses, clothes etc. Do they or are they required to pay taxes?...


 Can I claim a new computer on tax if I'm studying part time?
Can I claim a new computer on tax if I'm studying part time?...


 Do you think US should tax the crap out of China imports?
I haven't researched it, but to help improve the economy, I think our import tax should be extremely high (especially for China). I think it should be so high that American products easily ...


 Question regarding Taxes and Tax ID for online selling.?
Hi there,

I am 17 years old and on my way to starting an online website selling car parts.
The website I am trying to get affiliated with is asking for a Tax ID.

Questions:<...


 Why do very few employers opt to pay weekly?
Consider yourself fortunate and lucky if you get a job that pays weekly.most employers opt to pay every two weeks and all that stuff about paying weekly is becoming less common at least in the U.S....


 What shipping service does the IRS use to mail new home buyer's tax credit checks?
I just talked to someone at the IRS this morning and was told that my check will be mailed tomorrow (Friday). I was wondering if it will come via certified mail or something that I'll have to ...


 CPA REVIEW.. Can I use last years FAR book?
can I use a 2009 FAR edition to study for an exam in 2010?...


 UK -am I suppose to give my NI number even though its not certain i'll get the job?
when i apply for a job and the employers ask me that i'll have to give my national insurance number will i still need to give it to them even though its not certain i'll get the job, ...


 If a person makes $13,920 a year and lives in PA, what would be her net pay?
She is not married and lives with her parents. (She's 19)...


 Dependent Care Account?
If I participate in the Dependent Care Account through my work (I have money taken from my check PRE-TAX for child care expenses), can I also claim the child care tax credit when I file my income ...


 My employer is taking something out of my check...?
om the check it says "MEDI W/H" what is this for and is it for medical trough my work? if so we were told we do not have insurance so what is the with holding for?
Additional Details


 Who will pay to solve the prsent financial crisis for UK?
The poor have no money. The rich always escape through loopholes. The middle class are stuck in the middle (sorry about the poor joke ) so who pays.
The usual thing is the poor get poorer. The ...


 What is my council on....?
I got a demand for not paying June's council tax when it isn't even the first of June yet.I rang them up and they knew nothing about it!! Anyone had stupid problems with their council tax ...


 Capital Gains Tax Explained?
I understand the theory of CGT but I would like to clarify it.
If I bought a second home and rented it out as an investment for retirement and had 2 mortgages for where I lived and this rented ...



jenn
Tax considerations w/overseas business partners?
I recently started a small online business as a writer/editor, and I have a client overseas who wants me to take over his company's copywriting duties. I've done one project for him and was paid through PayPal, but before we proceed I want to make sure that I'm doing everything legally. What considerations should I keep in mind when doing business with people overseas? Thanks in advance for any advice.
                     
 




Bostonian In MO
Rating
Just keep accurate business records of all of your revenues and expenses, including receipts for all expenses. Use those records to prepare your tax returns.

This is self-employment income and is documented on Form 1040, Schedule C. If the net profit is greater than $400, you'll attach Schedule SE to calculate the self-employment tax.

About the only difference when dealing with overseas clientele is that you won't receive a Form 1099-MISC documenting the income. The law requires you to use your business records to prepare your tax returns anyway, so not having those in hand does not change anything.


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