The IRS requires a flat 30% withholding on ALL types of payments to foreign national individuals UNLESS: The individual has a U.S. tax identification number (SSN or ITIN) and qualifies for a tax reduction under the tax treaty between the U.S. and their country of tax residency.
Anyone who meets the applicable reporting threshold for payments received for goods and services through Venmo (or any other payment app) can expect to receive a Form 1099-K.
You need a license if you meet one or more of the following criteria: Your business requires city and state endorsements. You are doing business using a name other than your full name legal name. You plan to hire employees within the next 90 days.
Construction Contractors Must Be Registered. Washington State requires all construction contractors to register with L&I. State law also requires construction contractors to be bonded and insured to protect the public. Once registered, contractors can bid, advertise, and perform construction work.
Most US states don't mandate business licenses for independent contractors, but some, such as Alaska and Washington, do. Certain localities also enforce licensing requirements. This is particularly common in cities or towns with a business license tax.
Independent contractors (persons that are not employees) that engage in business in Washington must register with the Department of Revenue. If you are not sure if you are an independent contractor, please contact us.
Shop the World with PayPal. To shop from millions of online stores around the world, activate your card now for international transactions.
If the owner of the disregarded entity is a foreign person, the owner must complete an appropriate Form W-8 instead of a Form W-9.