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dealing with form 1099
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am i required to send form 1099 to non-us citizens who are not even residing in the us? since they're not required to file us taxes, do i still have to send the form to them? that's tricky. you need to get w8/w9 from them, and act accordingly. you may need to withhold 30% (or different percentage, depending on tax treaty they claim on w8). if you withhold taxes, you also need to file form 1042. i suggest you talk to a tax professional. is it fine to expose my itin (taxpayer identification number) to   individuals or companies who i send the form to them. since the form   requires me to write my tin/ein, what would be the risks of this and   what precautions should be taken to avoid inappropriate/illegal use? no, it is not ok. but if you pay these people directly - you don't have much choice, so deal with it. get a good insurance for identity theft, and don't transact with people you don't trust. one alternative would be to pay through a payment processor (paypal or credit cards) - see your next question. i send payments via paypal and wire transfer. should i send form   1099-misc or 1099-k? paypal is a corporation, so you don't need to send 1099 to paypal. whatever paypal sends to others - it will issue the appropriate forms. similarly if you use a credit card for payment. when you send money through paypal - you don't send money directly to your business counterparts. you send money to paypal.
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