I was wondering if I will receive an answer to my quesrtion. My cousin's name is Nancy
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Submitted 547 days ago...
If my cousi has a business under her name in Mexico but does not obtain any profit, does she has to file an Income Tax repor
If my cousin has a business under her name in Mexico but does not obtain any profit because the business belongs to her mother and she was 18 when her mother put the business under her name, for hereditary reasons, now she's 42. Does she has to report to the IRS even though she does not obtain profit from that business?
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Submitted 546 days ago...
No, you dont. First of all its in another country. You should find out what tax laws if any are there. The Irs is Revenue service for United States. Now If you are bringing in money into the united states you may be taxed on the cash at customs,But if there is no profit then there is no problem
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If my cousi has a business under her name in Mexico but does not obtain any profit, does she has to file an Income Tax repor
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