I am a Canadian real estate agent.I reffered my clients in US to a real estate agent in New Jersey,US. The transaction closed and the referral fee

Neil
Neil
Agent
Ontario, CA

is payable to me.
Will the compensation be
subject to US witholding tax and what forms are required to protect
the US broker from not having collected witholding tax?

Mon Sep 28 2009, 20:42 - Financing in Ontario - 2 answers
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Debbie Rose
Debbie Rose
Agent
Livingston, NJ

Neil - to the best of my knowledge, referral fees paid within the US are not subject to withholding tax - not sure if the fact that you are out of country makes a difference.

Why not just call the broker and ask how it is handled?

Tue Sep 29 2009, 12:44
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Jes Sierra, B.S...
Jes Sierra, B.S...
Agent
Chino Hills, CA
FIRST ANSWER

Neil,
The U.S. broker needs to talk to their CPA.

Tue Sep 29 2009, 12:30
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