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. ...
1
vote
1answer
46 views

LLC C-corp in US, how to report my own investment

I'm a single member LLC with C-corp taxes in the US, and I just started my entity in January. I'm trying to figure out how/if I report my own capital injections for expenses as regards my taxes. I ...
0
votes
1answer
48 views

How do payroll taxes work? [closed]

This may sound like a very naive question for a site on Startups, but...how do payroll taxes work? From what I can tell from doing database work at a company they seem to consist of percentages of ...
0
votes
1answer
21 views

1099 requirements for customers in middleman-type business

Note: I WILL be seeking information from a lawyer or accountant if I proceed but I want preliminary info here first. I am considering a business that, for sake of example, is much like Guru.com or ...
0
votes
1answer
32 views

How difficult (or how does one) apply for R&D Tax Credits (USA) for software development (new product)?

We are developing a new web-based product. Looking for feedback from people who have applied for such tax credits. What are the steps to applying for an R&D Tax Credit? How difficult was it is ...
7
votes
1answer
154 views

Which country to incorporate web startup in?

If we have a web startup originally targetting users from country A, but the majority of users end up to be from America, is it sufficient to have the company incorporated in country A? Additionally ...
0
votes
2answers
69 views

Most suitable US state to start Internet/online business [closed]

I have read somewhere on interent that Texas is most business friendly US state. Can some one guide me is it true that Texas is most friendly for totally internet/online based business and they have ...
1
vote
1answer
59 views

TIN to use on W9 when Single Member LLC/Disregarded entity

I own a state-classified LLC company and also have an EIN for the business, which was filed on an SS-4 form (Rev. December 2001) as a Type "Other" and noted "disregarded entity". On the SS-4 form the ...
1
vote
2answers
43 views

EIN after conversion from LLC to c-corp

We converted (created new entity then merged) from an LLC to a c-corp. The new c-corp has a different EIN than the LLC. Do we need to notify/update our employees, clients and vendors about the new ...
1
vote
1answer
55 views

Single-member LLC and filling out tax forms for advertisers who pay me

I have accounts with various advertisers and affiliate companies - let's just say Amazon Affiliates for the purposes of this discussion - and I've now registered a single-member LLC. During the ...
3
votes
2answers
90 views

Acquiring Tax ID Number

We just got filed as an official LLC in CT and were wondering how we get our Tax ID number(EIN). We would like to open a bank account for the company and assume we need that to open one.
3
votes
2answers
142 views

Accounting method for software business

I'm nearly complete and preparing to launch my business. However, I've noticed that taxes aren't as simple as everyone makes them out to be. I'm mostly confused about cash vs accrual accounting for my ...
1
vote
1answer
122 views

Incorporated in US but expenses in another country?

I'm forming a US C corporation in Delaware. Paid the service fees to a lawyer and everything's ready to be filed. My goals are very simple as: Having a US presence for user credibility, Opening a ...
1
vote
1answer
78 views

UK tax on US software company

This was partially addressed in another question, International tax on digital products for a US company , however, I'm still unclear as to what I need to do if the UK removes this threshold next ...
0
votes
1answer
106 views

Collecting payments on behalf of someone else in the US

I'm developing a service that would collect subscriber's money for the webmaster, and we'd pay the website owner at the end of the month. So for example, 10 subscribers pay "us" (the service) ...
1
vote
1answer
127 views

Tax consequences of server location

We are about to set up our production environment in AWS and are wondering about the tax consequences of where the servers are located. We are a Swedish start-up and since AWS is cheapest in the US ...
1
vote
2answers
132 views

Does US subsidiary makes foreign company liable for US sales taxation?

1 - Company A is an European company that sells digital products and services all over the world, including the US. The company does not pay US income tax because it does not have an US presence. 2 - ...
1
vote
4answers
304 views

How should a small US Corp hire and pay workers in the Philippines?

We are a small US Corp that hired a couple of workers in the Philippines to help us with some of our online work. We are paying them directly, but that means they do not have Social Security or ...
1
vote
2answers
55 views

Taxes for Europeans working for USA llc- short term

I have an American based llc production company. I want to hire European artists for a short period (1 month for a show) . whats the best route for their taxes and mine? Would it be more beneficial ...
0
votes
1answer
44 views

Do I need to register with the tax department of every state in which I have employees?

In my startup, we have employees (paid hourly) from New Jersey and California. The startup itself is based in New York. We're doing our payroll through Intuit, and the application is telling me I ...
5
votes
1answer
250 views

Do I have any U.S. Business Activities?

In Apple's iTunes Connect, under Manage Your Tax Information, there is this question: Do you have any U.S. Business Activities? In general, you have U.S. Business Activities if you have ...
0
votes
1answer
102 views

US Citizen Being a Member of a UK LLP?

Suppose a US citizen becomes a member of a UK LLP, along with 2 other foreigners (non-US citizens). Assume each one of the three has a 33.3% share in the UK LLP. The LLP starts working, and has a ...
0
votes
1answer
197 views

What is the legal and tax implication of a US company (Texas C Corp) hiring employees directly in India

I am the co-founder/shareholder of a US based software startup (Texas C Corp). Due to some personal reasons I have had to move to India and to make the most of it, I am planning on hiring a few ...
2
votes
1answer
326 views

Does a UK company pay tax in the USA?

I was looking at a previous question on the subject and it mentioned a form 1120-F for foreign corporations. Does this mean that foreign corporations who do business in the USA must pay US taxes? ...
1
vote
2answers
143 views

Filing US income taxes for income from working from home for Bahamas-based company

I am a salesman for a Bahamas based domain name registrar and hosting company. I work out of NY from my home and am a US citizen. How do I report my income to the IRS? The company I work for does ...
1
vote
1answer
666 views

Duties & Taxes involved in importing into the US

We are a UK private limited company who export from India direct to our customers in the UK, we are now looking to export from India into the US. My question is regarding the import duties and taxes ...
1
vote
3answers
229 views

Are you taxed on revenue or income?

As a single owner of an LLC, are you required to pay taxes on the LLC's profit or revenue?
1
vote
2answers
117 views

Collecting Use taxes

An article on businessweek got my attention today. From the headline: A Texas software vendor we have purchased from for years got audited by the California State Board of Equalization ...
5
votes
2answers
3k views

Rental Property LLC tax deduction advice

If I form an LLC and my new company buys a duplex rental unit, my understanding is the 'company' taxes will be a pass-through to my personal 1040 income tax forms, with the appropriate forms. I ...
2
votes
1answer
112 views

What IRS forms do I need filled out by a third party whom I have contracted to do development work for m

I have a small company and am having another US based LLC (really just a single guy) do a fairly significant amount of work for me. Do I need a W9 filled out from him? edit -------- a couple of other ...
2
votes
1answer
526 views

Canadian company with US clients

Say I want to start a company based in Canada where I'm a resident and citizen. At first my company gets clients in Canada. But then I get clients in the USA (by going over there and meeting with ...
3
votes
1answer
478 views

Tax implications for buying out my LLP partner?

I am buying out my co-founder of our 3 year old company that we started as a hobby/second job. We are profitable (although you definitely couldn't live off the profits alone!). Anyway, we've ...
5
votes
2answers
639 views

Form a company outside of the US?

This is definitely a different flavor of a common question. Here are the basic stats: Online only startup -- no physical presence. Everyone works from home. We have 8 people in 4 countries (5 in USA ...