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Payment made to a foreign vendor by way of a U.S. based payment service
October 3, 2024
Q. We are planning to work with a company in the Netherlands. They provided a W-8BEN-E for the company, but then they said they would like us to pay through Paddle, which is their reseller/payment provider and merchant of record for sales. The merchant of record is a U.S. based corporation and they provided a W-9 for the company. My question is, for income tax reporting purposes, to whom do we report the payment? If the payments are the type to be reported on form 1042-S, would we issue that…
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