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maui doug
Level 2
07-09-2022
03:18 PM
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My tax client has a cigar internet business - he sells Nicaragua cigars on the internet that he buys from
his son's factory in Nicaragua. Because his cost of goods is from a foreign country do I need to fill out
a IRS form reflecting these purchases?
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1 Comment 1
Jim-from-Ohio
Level 11
07-10-2022
08:47 AM
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No.. it is common to buy from other countries, typical cost of goods sold.
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