Posts by Zachary Hughes12

Keith Martinez5 said:Thanks for the tip! I'll definitely try one of those routes... I did attempt to call them to explain that I'd be sending over a corrected invoice, but my Italian isn't quite fluent enough to navigate that conversation successfully, so I think that option is pretty much off the table.

What about just emailing them in English?

If you're going to fix it, you need to issue the credit memo and send it over to them.
The adjustment will hit the next sales tax filing.
Before you do anything, just double-check that they're actually registered in the system.

You could always check in with your contact at the IRS...

Keith Martinez5 said:Help! I’m in a bit of a pickle regarding an invoice for vehicle storage fees. The car itself is privately owned, but the towing company I went to pick up—which is actually a branch of a firm based out of Italy—insisted that I issue the invoice under their corporate name. So, I went ahead and entered all their business details and tax ID, but I accidentally used our local US sales tax rate instead. Did I mess this up? Since the car was parked right here in the States, the service was technically performed in the US, so I'm feeling a little lost on the tax implications... If I did indeed make a mistake, what's my best move to fix it now??🤔hvalati everyone for the help

placidlynx92 said:Since the service happened here, you use our sales tax—you didn't do anything wrong.👍

From what I understand, you don't charge sales tax in this scenario, provided the customer you're billing is registered in the appropriate tax system.
This is treated as a service completed within the European Union.
You just need to add a note to the invoice stating that the tax liability is being transferred via "reverse charge."

It's the same situation as when we buy something from overseas and provide our tax ID, making us responsible for handling the tax on our end.

Betty King7 said:But we don't have other clients involved here; that card is strictly for our own firm. Are you telling me someone can just walk out with nothing but the card?

If it's just for your own company, there's no need to visit the IRS in person.
You just need to submit an electronic business request through the official portal.
Once you get the confirmation email, you should be good to go...

I want to start saving up for my little one.
I'm torn between setting up a dedicated college fund or just sticking with a standard savings account.
Does it actually make a difference? Any specific advice or ideas out there?

Thanks.