Now let's address the Goods & Services area. Sure, when you live in the country, you see a million stars and butterflies, neither of which you can eat or wear or earn a living from. So you need a town, for the canning supplies, sugar, cloth to make your clothes, a screw driver…you get my drift. Town was 40 miles away, one way. 80 miles round-trip. You better be dang sure that you got SUPER GOOD at making lists because if you were half-way home and *pinged* your forehead, muttering "Darn! I forgot to get the —-!", then you didn't get it until the next trip into town.
Thank you for your post. But I have an urgent question:
I am not resident of the USA (I’m from Europe). I opened bank account in one of the US banks. I signed up for a DEFAULT PayPal (not business) and linked it to my US bank account.
now I’m selling online codes/subscriptions (for Software products) on the website in Asia region, and then they send me my payments to my PayPal account, which I then withdraw to my bank account. Does this counts as my ‘business income’ and I should pay taxes in USA or is it just ‘my personal funds’ which I just want to store in US bank account?
for 2015 I transferred there ~$30,000 and I wonder if I’ll be charged up with tax evading upon my next visit to USA …..