The Small Business Tax Help Blog

Question: Tax Question: U.S resident, self employed working for foreign company?

I live in the U.S (natural citizen) and will work out of my home in the U.S. as an independent contractor working on a project for a company in Canada.

How do I pay taxes? Like normal to the U.S. or do I pay Canadian taxes too? Everything I’ve googled returns things about canadians living and working here.

Any help appreciated.

Answer: Well you are working in the US and the Canadian company should sent you a 1099 or W4 – don’t know how you are compensated at year end. You taxes are due to the US since you reside and work in the US.

Grainger Reports Second Quarter 2010 Earnings Per Share of $1.73, Including $0.08 Contribution from Unusual Item

Grainger today reported results for the second quarter and six months ended June 30, 2010. Â Second quarter sales of $1.8Â billion increased 16 percent versus the 2009 second quarter. Â Both quarters had the same number of selling days . Â Net earnings for the quarter increased 40Â percent to $129 million versus $92 million in 2009. Â Earnings per share increased 43Â percent to $1.73 versus $1 …

Tax Talk – Paul DioGuardi on…” Audit? Why Me?”

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