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Old 16th January 2007, 09:07 AM   #1
_detz_
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Default Taxes, 1099 For Someone Out Of The Country?

I'm using TurboTax and I had some web work done(graphics) so I figured that fell under Contract Labor but when I read it it says anything over $600 requires you to send a 1099-MISC to the contractor. My question is, the guy is from Croatia so do I still have to do this?

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Old 8th February 2007, 09:07 AM   #2
Hamilton
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Default Form 1042-S

Sorry for not responding sooner, I just came across this. You will have to issue a form 1042-S. I have never actually encountered this before, so I HIGHLY RECOMMEND you read the IRS INstruction at this link, especially the bottom of page 3, and top of page 4.




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Old 8th February 2007, 09:08 AM   #3
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Default Sorry, trying the link again....

http://www.irs.gov/pub/irs-pdf/i1042s_05.pdf

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Old 19th February 2007, 11:21 PM   #4
BlueFlipArt
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This is the question I registered to ask! Thanks fort the response, Hamilton.

For the record, the actual 1042-s form can be found here:

irs.gov/pub/irs-pdf/f1042s.pdf

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Old 20th February 2007, 09:20 AM   #5
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Welcome aboard BlueFlipArt

And thanks for the good info Hamilton!

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Old 20th February 2007, 03:23 PM   #6
Hamilton
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You're very welcome!!
I'm glad to help...I've gained quite a bit of good info here myself, and am glad to help back, or forward : )

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Old 28th April 2007, 05:13 PM   #7
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Default Er, I think I disagree...

You don't owe the person a 1099 because he's not an incorporated business in the US subject to US income taxes...

You don't owe the person a 1042 because it's not US source income... E.g., if he does the work in Canada, it's Canadian source income...

BTW, I'm assuming the person did the work in Canada... If he worked in the US, you probably do owe the 1099....

P.S. I think 1042s are for withholding amounts on US source income paid to foreign taxpayers. It's the way the US makes sure it collects tax on non-US taxpayers who own stock, loan money, rent property, invest in partnerships, etc., in the US...

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