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Dues paid to a foreign entity
January 9, 2024
Q. Are dues paid to a foreign entity tax reportable? If so, how is this reported on the 1042-S?
A.
(Answered by IOFM's third-party tax experts)
It depends on the type and location of services and benefits the dues payment obtains for your organization. Look to the "income sourcing" determination just as you would for any vendor payment. If the benefits/services are in the United States, the dues (or an apportioned amount) are U.S.-source income which, paid to a non-U.S. entity, are subject to…
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