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US eCommerce for Non-US Sellers: Legal, Tax and Accounting Considerations

US ECOMMERCE FOR NON-US SELLERS: LEGAL, TAX AND ACCOUNTING CONSIDERATIONS

Cost $22.50
Presentation Length 1.5 hours

Recorded DateNovember 21, 2019
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

For online e-commerce businesses based outside the US, selling products to US customers can be a lucrative business.  However, there are legal, tax and accounting issues to be considered before the first product is shipped to a US customer, and reporting requirements to be met before, during and after business operations begin.  

Various options are available for using a US or a non-US company for operations.  Business models vary, and can include selling on established marketplaces (Amazon, eBay, Etsy, etc), selling on a company-specific website, utilizing third-party fulfillment services, drop-shipping products from outside the US, and arbitrage models.  Each model has differing US tax consequences that depend on the specific facts and circumstances for each business.  This course will outline the various issues to consider for non-US sellers selling into the US.

Learning Objectives:

  • Learn a general, high-level understanding of the following issues specific to non-US e-commerce businesses selling into the US

    • US federal income tax treatment of your business.  

    • Types of entities available to non-US business owners for doing business in the US

    • Applicability and impact of US Double Tax Treaties

    • State income tax issues

    • State sales tax issues

    • Accounting records required, and US bank account considerations

    • Personal or entity Tax ID numbers (ITINs or EINs)


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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Patrick McCormick is an attorney with over a dozen years of experience, focusing his practice specifically on international taxation. Mr. McCormick represents both business and individual clients on all aspects of United States international tax rules, both from an income tax and estate/gift tax perspective. Having previously served as a partner at a large law firm, a midsized accounting firm, and a boutique tax law firm, Patrick’s client exposures have covered every conceivable area of American-side international tax matters. Patrick has also represented every type of taxpayer – from multibillion-dollar business enterprises and ultra-high net worth individuals to startups and individuals with complex questions but limited budgets.


Mr. McCormick has worked with clients located in over 90 countries on American tax considerations of multinational activities, cultivating specialized knowledge in every area of United States international tax rules. His explicit practice focus has facilitated an unparalleled expertise in the field; Patrick is trusted by clients and advisors around the world to obtain optimal results on international tax matters.


Mr. McCormick is a primary and prolific authority on tax matters. He has spoken on all aspects of international tax to hundreds of thousands of attendees around the globe, functioning as the primary international tax resource for national organizations including CPAacademy.org, Strafford, Lawline, and Leimberg Information Services. Patrick has presented for the American Bar Association, the American Immigration Law Association, and state and local bar associations around the United States. He is a regular contributor to America’s premier tax law publications, including Tax Notes, Journal of Taxation, Tax Notes International, Law360, and Practical Tax Lawyer.


Mr. McCormick published his first treatise on international tax matters, Allocation and Apportionment Rules Under Secs. 861-865, for Thomson Reuters’ Catalyst platform, in October 2021. In late 2021, he also released a 15-hour digital course entirely dedicated to nonresident taxation, United States Tax Considerations for Nonresident Taxpayers. Mr. McCormick has been named a Super Lawyers Rising Star from 2016-2022.


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Kristin Shea

K Shea CPA, LLC
Owner, CPA and QuickBooks ProAdvisor
[email protected]

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Kristin Shea is a CPA currently certified in the State of Georgia, and previously in Virginia, Washington DC, and California.  She is a Certified QuickBooks ProAdvisor® program member and is Advanced certified by Intuit in QuickBooks® Online.  She has been assisting small business clients since 2001, and has been the owner of three diverse small businesses.

Prior to 2001, Kristin worked for Price Waterhouse/ PricewaterhouseCoopers, a "Big 4" public accounting firm, for 15 years, including an eight year period in the London office.  During that time, Kristin gained experience in a variety of business areas, including tax preparation, international taxation, human resources, and training.

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