Reportability of foreign goods purchases
January 9, 2020
Q. We only use foreign suppliers to purchase materials that are shipped to us. Are these 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 can learn more about them at www.cokala.com.)
Goods/merchandise purchases are not reportable, regardless of whether bought from…
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