[asterisk-biz] OT: Paying people in faraway (Western) places.

[SIP]

Dean Collins wrote:
>> -----Original Message-----
>> From: asterisk-biz-bounces at lists.digium.com [mailto:asterisk-biz-
>> bounces at lists.digium.com] On Behalf Of SIP
>> Sent: Thursday, 8 January 2009 12:03 PM
>> To: Commercial and Business-Oriented Asterisk Discussion
>> Subject: Re: [asterisk-biz] OT: Paying people in faraway (Western)
>>     
> places.
>   
>> Technically, the taxes are only on money made from US source funds
>> (stocks, leftover money-market accounts, etc)... but there's a tricky
>> bit.
>>     
>
>
> Nope, not correct as far as I have been advised, check out some of the
> examples around capital gains sales, eg lets say I move back to
> Australia and sell my house there making a capital gains profit....the
> IRS is saying they want to tax the profits made on this sale.
>
>
>   
As I read the law, this would only be for the first year you move back
or any subsequent year you were in the US for more than 30 total days,
as any of those years, you would be considered to have resident status
for taxation (as opposed to dual-residency or non-resident status as
you'd have now).

Again, this is my interpretation, but I'm not a tax lawyer. And when you
go searching out tax lawyers for international tax laws, you discover
that NO one seems to be a tax lawyer for those. Interpretations vary
widely.

You may be more correct than I. Or we may both be wrong. Only the whim
of your auditor will know for certain....

N.