Income tax on the gears shiped to foreign country

Hi Elizabeth,

Thanks!

If I am not mistaken, what you describe is customs duties or customs taxes.

Do you know about income tax reporting to IRS? I don't want to get into trouble with IRS.

By the way, I don't make money on this transaction.

Should be no need to report as an income to the IRS.

It is not likely you would need to report to IRS unless the transaction is considered income. With this type of question you should always consult with your accountant.

Unless you are running a business - it's duty that needs to be paid in the receiving country and it's your buyer who must pay it, not income tax. The IRS is not involved in that transaction. If you are running a business the "income tax" if there is any is reported in the US and you have to pay it.

Thank you all for your inputs.

By the way, I am a non-commercial individual and don't make any profit on this transaction.

Happy Listening!