Mike LS
Supporting Actor
- Joined
- Jun 29, 2000
- Messages
- 838
I have no clue what forum this should go in, but it's connected to equipment purchase so I thought I'd start here.
I plan to seek professional help here, but thought someone might be able to chime in and clue me in.
I'm helping some out of the country friends assemble and install a theater. They live in the Bahamas, so there's no "local" places for them to buy equipemnt, so I'm handling the purchase of things as well.
They're planning on wiring money to me to cover my expenses. I'll transfer that money to my credit card and make my purchases from that. This money transfer will take place from a US bank to my bank, so there's no international problems, but I wondered if there are any tax hang ups with doing this?
Over all, I'll probably wind up receiving close to $10,000 and all of it is going to be used for equipment purchase. My compensation is coming with the free trip to install it
Anybody familiar enough with tax law to give me any feedback here?
I plan to seek professional help here, but thought someone might be able to chime in and clue me in.
I'm helping some out of the country friends assemble and install a theater. They live in the Bahamas, so there's no "local" places for them to buy equipemnt, so I'm handling the purchase of things as well.
They're planning on wiring money to me to cover my expenses. I'll transfer that money to my credit card and make my purchases from that. This money transfer will take place from a US bank to my bank, so there's no international problems, but I wondered if there are any tax hang ups with doing this?
Over all, I'll probably wind up receiving close to $10,000 and all of it is going to be used for equipment purchase. My compensation is coming with the free trip to install it
Anybody familiar enough with tax law to give me any feedback here?