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AskPat 2.0: A Weekly Coaching Call on Online Business, Blogging, Marketing, and Lifestyle Design

Do I Have To Issue A 1099 - MISC For An Overseas Virtual Assistant?

AskPat 2.0: A Weekly Coaching Call on Online Business, Blogging, Marketing, and Lifestyle Design

Pat Flynn

Business Advice, Marketing, Podcasting, Getting Started, Business Strategy, Business, Small Business, Passive Income, Online Entrepreneurship

4.9638 Ratings

🗓️ 24 September 2014

⏱️ 10 minutes

🧾️ Download transcript

Summary

Pete wants to know how taxes work for overseas virtual assistants. Pete’s site is http://www.elfboxes.com/. I asked my accountant Dave http://www.profitwiseaccounting.com/ to help with this question. You can also see a blog post Dave wrote about this topic here: askpat.com/overseas. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0

AskPath.

0:07.0

Dot com.

0:09.0

Hey, hey, what's up everybody?

0:12.2

Pat Flynn here and welcome to episode 177 of Ask Pat.

0:15.8

Thank you so much for joining me today.

0:17.6

A lot of you know that I had in the past a couple virtual assistants from the Philippines

0:22.6

and they were great. They were amazing. Currently I have a team, but they're all U.S.-based,

0:27.2

but I have worked with overseas workers before. And one of the most common questions I get has to

0:32.2

do with working with VA. So let's hear that question today from Pete.

0:37.2

Hey, Pat, this is Pete from elfboxes.com. I have a question about dealing with virtual

0:43.8

assistance and people that you contract overseas to do stuff with your website or to handle

0:48.8

your tasks. When you deal with someone like that, would you have to do a W-9 or something like that like

0:56.5

you would for an American?

0:58.3

And when you're filing out your taxes and keeping track of your expenses, when dealing

1:04.4

with these virtual assistance and people overseas, is there anything that you need to keep

1:09.0

in mind with that?

1:10.0

Is it still fully deductible, stuff like that?

1:12.7

Thanks for taking the time to answer these questions, Pat.

1:16.2

Pete, thank you so much for the question.

1:18.1

And, you know, this is, like I said, a very common question.

1:20.4

And, you know, I'm not a lawyer and I'm not a professional accountant for CPA,

1:25.4

which is why I asked my accountant Dave over at

...

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