According to the IRS in the US, your residency status and the location where you perform your work as a contractor determine the source of your income for tax reporting and payment purposes.

Cross-border taxation can be complex, which is why Coba offers its members a Tax Support Service to facilitate compliance with your tax obligations according to the local tax laws in your country of fiscal residence. Coba members have access to a qualified tax expert, as well as an easy way within the app to report payments, issue invoices to local authorities, and even file monthly tax returns.

Yes. When a Coba member chooses to use our Tax Reporting Module, all their documents are available on the platform, and additional required documents are sent by email. We are improving the Tax Reporting dashboard to provide more comprehensive access, so more documents will soon be available.

Coba was created for individuals living outside of the US, who need access to a U.S. based deposit account to receive payment from their U.S. employers. Coba is currently available to individuals living in Mexico.‍To comply with banking regulations, we need to collect information that will allow us to verify your identity. This includes your personal information, Tax ID (RFC) and National ID Number (CURP), Government ID + Selfie picture and Proof address if different than address displayed on Government ID (utility bill, bank or credit card statement). In some cases, we may also ask for additional documentation to confirm your identity, but only if it’s completely necessary.

We rely on our binational tax experts to ensure the report complies with the law. They have reviewed hundreds of similar cases and understand your international work situation. The information we use complies with and verifies all the requirements with the tax authorities in Mexico.

You can cancel at any time with no hassle directly from the Tax Support module within the Coba platform. No hard commitment.