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Any Tax accountants here?
My tax accountant told me something yesterday that didn't sound quite right...but, she used to be one of those IRS people who audits the auditors so I dunno....
I run a small sole-proprietorship business. I do a lot of overseas sales, mostly to Japan.
Tax accountant mentioned yesterday they out of country sales do not have to be claimed on Federal income tax...so it's like you didn't make that money. I can take off over $10k from last year's income, she said.
She said it's similar to the state-to-state sales. If I sell something to someone in California, NY, etc.. I don't have to claim it on my WA state busines filings. Lucky for me, 99% of my sales are out of state. And it'll stay that way.
If my accountant is correct, I'm damn tempted to tell my Japanese distributor that they can have worldwide distributorship, and that everything runs through them....
Does her claim seem fishy to any tax accountants here?
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