PAYING AN INTERNATIONAL REFERRAL
When it comes to paying an international business entity for a referral, you will want to talk to your CPA and find out if you will be required to 1099 a business in that country. You will also want to talk to your broker and verify that it is within the local real estate guidelines.
Enter the outside referral in WinMORE using the first 9 digits of their business ID number.
If the business does not have a business ID number: enter something in the WinMORE field in order to enter the Outside Broker in your system. For example, enter 11-1111111 in the ID field in order to enter the referral partner and pay the referral. Do not submit a 1099 to the IRS for this referral.
Comments
0 comments
Please sign in to leave a comment.