Why withholding taxes to foreign contractors

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Why withholding taxes to foreign contractors

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0:21: Do I have to withhold taxes on payments to foreign contractors?

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Lawyer Disclaimer (Occupational Hazard): This is not legal advice. Everything here is for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney for advice regarding any particular issue or problem.

[_mariochristopher]

Glad I found you! Thank you! Appreciated your quick no nonsense answer.

[julioemacia]

Hi James, Do I need to produce a 1099 form for my foreign subcontractors? Thank you for your advice.

[AresWorlds]

Hi i am indie game developer and i have no US citizenship i am paying %30 to steam from my earnings and also i am taxpaying to US %30 withholding tax even after that i am paying %20 tax for my own country so thats a lot i am wondering that what do i get benefit from withholding tax as a foreigner?

[hussainaliakber]

Hello,

Thank you for all these informative videos they have really helped me a lot.

İ have a question regarding taxes:

İ saw all James Baker CPA videos. İ have an Amazon FBA business running it from Pakistan through my SMLLC. İ have not elected to be taxed as a C Corp. İ understand that İ don't have to pay income taxes and only have to file form 5472 and 1120 pro every year. İ wasn't aware of this last year and assumed İ had to pay US income taxes hence İ got an ITIN. Now to keep an ITIN active I am aware that İ need to file a 1040NR once every three years using my ITIN on the return. My question is should İ file the 1040NR as zero or should show all my income and expenses on these 1040 NR forms every time İ file them.