Foreign attorney payment
August 1, 2019
Q. I need to wire a retainer fee to an attorney that is representing our insured. What are my next steps? I have a completed W-8, but do I withhold a percent from the payment and file with IRS? This is my first foreign payment and I am not sure how to proceed.
(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,…
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