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Payments to a U.S. bank for non U.S.-source income
June 1, 2022
Q. My company is a U.S. Federal government contractor doing business in Lebanon with a foreign individual. The work is performed in Lebanon and the individual is a Lebanese citizen; however, due to the catastrophic situation they are facing in Lebanon, mainly with problems withdrawing funds from the Lebanese banks, they have opened a U.S. bank account with Bank of America and want to use this account to receive vendor invoice payments instead of their Lebanon bank account. My question: Is this…
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