Are US territories considered foreign for reporting purposes?
January 20, 2020
Q. For the purpose of 1042-S report, should Puerto Rico, Guam, and other US territories to be treated as domestic vendors? If US territories vendors services (FDAP income) were performed in U.S, then they are 1042-S reportable?
(Answered by COKALA Tax Information Reporting Solutions, LLC, a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting. You…
Become A Member
Join IOFM today as a Professional, Business, or Enterprise member — or upgrade your Starter membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!