A few solid facts about how to account for foreign sales.
   
 

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Foreign Issues-selling/ working abroad

Avoid Tax traps The foreign bank account and taxes  This link discusses the scams involved in offshore banking.  The IRS has used John Doe summonses to require some of the nation's largest businesses to turn over customer records. The agency has scoured these records for customers making purchases with credit or debit cards issued by offshore banks. To date, the IRS has assessed more than $3 million in unpaid taxes. Top
Foreign owners of  USA companies Articles that focus on the income and estate tax consequences of non-U.S. citizens and residents
Information Returns Instructions for 1042-S. Reporting federal withholding taxes for  Income from US source items:
Corporate distributions
Interest Income
Rents
Royalties
Compensation for dependent personal services performed in the USA for which the beneficial owner is claiming treaty benefits.
Annuities
Pension Distributions
Gambling Winnings
Amounts paid to Students, teachers and researchers as scholarship or fellowship income and compnesation for personal services (whether or not exempt from  tax under an income tax treaty)
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