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It has been specified by the IRBM ( Inland Revenue Board of Malaysia) / LHDN (Lembaga Hasil Dalam Negeri), that companies who reimburse their agents with more than RM 5000 in cash or non-monetary incentives during the year are required to produce a CP58 form for their agents.
You would treat the commissions as self-employment income. You include a schedule C with your tax return, using the Turbotax Premium Online or Deluxe or higher desktop versions. Report the commissions as self-employment income not on a 1099. You cant deduct any business expenses.
Get federal tax forms for current and prior years You can also find printed versions of many forms, instructions, and publications in your community for free at: Libraries. IRS Taxpayer Assistance Centers.
CP 58 form is not a tax filing form. It is an income statement that shows the income of incentives, allowances, bonuses, etc. for agents, dealers and distributors, similar to the EA form received by employee.
Where to Download Form CP58? You can download the CP58 form directly from the Inland Revenue Board (IRB) Malaysia website. Check the site regularly to ensure youre using the latest version of the form, as tax regulations and document formats can change over time.
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▶ Information about Form 8829 and its separate instructions is at .irs.gov/form8829.

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