I'm returning to DR to live I hope this time forever.
I have some questions about taxes and such. I have asked my old accountant here in USA he said one thing. I called another and he said something else. I do not understand all formal language when I read the info on line about paying USA taxes when living abroad.
So heres the questions.
I have a web site now. I am making a little money from the affiliates and paid advertisers. How do I claim this when I live in DR? Do I have to claim this? If I have to claim can I use all the typical business deductions, office (home office in DR and physical office rental), fees, mileage, tickets to and from DR since it is a sight about DR, cost of computer and servers and such?
I would rather not do the taxes so if I register the site in DR as a business there then do I have to pay taxes in DR?
Or should I just say forget it and not worry about taxes at all?
I know there is a certain amount of money one can make in another country where they do not have to claim but what about a business or money making hobby?
I have asked the questions to many in USA and I get different answers each time.
I have some questions about taxes and such. I have asked my old accountant here in USA he said one thing. I called another and he said something else. I do not understand all formal language when I read the info on line about paying USA taxes when living abroad.
So heres the questions.
I have a web site now. I am making a little money from the affiliates and paid advertisers. How do I claim this when I live in DR? Do I have to claim this? If I have to claim can I use all the typical business deductions, office (home office in DR and physical office rental), fees, mileage, tickets to and from DR since it is a sight about DR, cost of computer and servers and such?
I would rather not do the taxes so if I register the site in DR as a business there then do I have to pay taxes in DR?
Or should I just say forget it and not worry about taxes at all?
I know there is a certain amount of money one can make in another country where they do not have to claim but what about a business or money making hobby?
I have asked the questions to many in USA and I get different answers each time.