A new C corporation formed within the U.S. must file a federal income tax return (Form 1120) on an annual basis. The corporation may have to file a state corporate income tax return depending upon the state of incorporation and from which state the corporation operates. Income tax filings are g...
A Form 8858, "Information Return of U.S. Persons With Respect to Foreign Disregarded Entities" is required to be filed by U.S. persons who are the owners of foreign disregarded entities (FDEs). A foreign corporation with a domestic disregarded entity is considered as FDE. If you are the owner of ...
Likely your best avenue is to call H&R Block Executive Tax services. There might be one in your country. If not, just pick one from any US City. I'm in Austin, Texas + have been using them for years. They're way cheaper than a CPA + tend to stay current on new tax code, far better than a CPA, ...
This all depends upon where your business is located. You may have to pay local, state and Federal taxes. You may also be looking at sales and use taxes as well, depending upon location, product and service.
There shouldn't be any tax consequences for the founders if you've made 83b elections--the election meant you paid tax already on the full value of the stock at the time of the election (presumably zero) even though it was subject to future forfeiture. If you sell newly-issued stock there should ...
Generally, the transfer of tangible personal property is the trigger for a sales tax event. In this case, it may be necessary to review the various aspects of a typical transaction to determine if any portion thereof would be subject to sales tax. However, generally speaking, receipts from the sa...
Hi, I'm not in Oregon so you'll need to speak to a local tax expert to verify the details but here is how it works: When you issue points you're creating a liability. You owe something to someone. It's like a gym which sells a one-year membership, they're only supposed to recognize 1/12 of the...
Best option is H&R Block Executive Tax services. They're way cheap, compared to accountants. More importantly, their agents are required to go through courses + develop competency on every change to US tax code. Since you have US citizenship, you'll be taxed on 100% of your world wide income. ...
China. Becuse there is no minimum capital requirement for setting up a Hong Kong entity, while Singapore requires a minimum of SGD 1
I have established off-shore development relationships with individuals and firms in India, Ukraine, Belarus, Russia and Korea going back to 1996. You might find it a lot smoother to have them work through an established firm in India that is already set up with all appropriate licenses, tax-re...