Tagged Questions
-3
votes
0answers
23 views
US Company, tax offshore holdings to shareholders [closed]
in this scenario I have a US C-corp registered in California.
I do business worldwide through a variety of subsidiaries and have amassed a large amount of holdings outside of the united states. ...
3
votes
2answers
112 views
If all the employees are non-salaried founders, do we need to send out W2's?
We founded a C-Corp in fall 2012. None of us are taking a salary and there are no salaried employees. Do we need to send out W2's?
1
vote
1answer
48 views
How do I dissolve a C Corp?
I haven't used my C Corp, paid any taxes, or done the minutes. I haven't made a dollar or used the corp in any form. It was just a mistake opening the C Corp. I'm scared I have to pay the taxes from ...
1
vote
1answer
66 views
How are corportate 'starter' funds taxed, if at all?
When opening up a new corporate bank account, are initial deposits looked at as income, and therefore considered taxable? Or are they counted as 'funding' (or some other term) and therefore considered ...
3
votes
3answers
167 views
Online sales and startup
What is the best way to go about getting more profit and paying less tax when it comes to selling something strictly online?
Say I have a dual citizenship, to Canada and Mexico. And I do all my work ...
0
votes
2answers
136 views
Should I register my C Corp in Delaware if I live in Virginia and I'm doing business in Virginia?
I called a CPA in Virginia and he told me it's better to create your C corp in Delaware, because their tax system is so flexible that you don't need to pay for state tax. Is that true? And is it Ok if ...
2
votes
1answer
73 views
Is a professional accountant required in a federal or a provincial corporation in Canada?
Is a professional accountant required by law to do annual taxes/reports/filings for a federal or a provincial corporation in Canada? I am about to incorporate my company but don't have enough money to ...
1
vote
3answers
448 views
LLC vs S Corp for a new business?
I am starting a new business in California and can't decide whether it should be an LLC or S Corp or an LLC as a S Corp. It would be a single person LLC or S Corp (no other shareholders or ...
2
votes
2answers
65 views
Income Tax + Business
I'm looking into starting a formal business, and need a little help. I currently go to a public university and have a scholarship that is based on the fact that I, personally, don't claim more than ...
3
votes
3answers
179 views
S Corporation taxes if I have a job?
I am about to create an S Corporation for liability and tax purposes, and I wanted to get a general feel for a tax question before asking an attorney or CPA about it.
I have a day job, for which I ...
1
vote
0answers
126 views
Switching from a Canadian corporation to a Canadian sole-proprietorship
I currently run a Canadian Corporation, but I'm finding taxes (both accounting fees and bookkeeping) a real pain and expense.
I would like to keep the corporation and basically find out how to file a ...
2
votes
2answers
243 views
Tax law change on capital loss from s-corp
I have a small 1 person S-Corporation. The first few years I paid an accountant to do my taxes. I do not have revenues to my company, so I am using turbo tax to do this myself.
Last year I took a ...
