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Tax Questions

Discussion in 'General Business' started by auburnfan23, Mar 18, 2012.

0
  1. #1
    Say you are partenering with someone and they are in another country and your agreement with them
    is that you get 20% of the income and they get 80% of the income.

    The money that is earned will be in my account so then I will send them the 80%.

    Can I write off the 80% I am sending them against the total earnings so I
    do not get taxed for all 100%?

    Thanks for any help you can give.
     
    auburnfan23, Mar 18, 2012 IP