All Questions
Tagged with corporation united-states
40 questions
0
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75
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W-2 + LLC + C Corp: Tax Strategy Question
I have a W-2 income and own an LLC (pass-through taxation) and a C Corporation (not pass-through). If my LLC pays my C Corporation for services rendered, will that lower my overall taxes by reducing ...
0
votes
1
answer
378
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Best way to pay myself from a C-Corp
I am a US citizen, and I own a C Corporation that is used to receive payments for contract work that I do.
I estimate that I will earn about $250k this year in it.
What is the best way to pay myself ...
- 121
0
votes
1
answer
264
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Taxes on a Delaware corporation, if there is no physical presence?
On Carta and elsewhere, I have read the following:
Delaware also doesn’t require any state taxes for companies that are registered there but aren’t physically located in the state.
What exactly is ...
- 11
1
vote
0
answers
43
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Joining Non-US Business as US Citizen, re-incorporate in the US? [closed]
The Situation
I, a US Citizen, have the opportunity to become a Co-Founder / Shareholder in a small non-US Company (currently incorporated in the EU).
What I have seen so far suggests that there are a ...
- 11
1
vote
1
answer
139
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Form W8BEN-E type of beneficial owner
I just opened a FZE in UAE.
An FZE is technically a LLC with a single shareholder, who owns 100% of shares, and who is also self-employed with a defined salary and a payroll.
I'm filling out form ...
- 111
1
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0
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77
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Federal NOLD vs Florida NOLD
I'm considering opening a corporation within the State of Florida.
Although, I'm trying to understand the Corporate Short Form Income Tax Return.
Florida Short Form F1120-A
Line 1 (total income)
Line ...
- 11
1
vote
1
answer
60
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Does the owner of a corporation need a W2 for personal taxes if the Corporation revenue was 0 and didn't make any money?
I the owner of a C-Corporation that didn't have any revenue in 2020. I am filing my personal tax returns and was wondering if I need a W2 issued by the Corporation with 0 income or can I just report ...
- 111
1
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1
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48
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If a LLC doesn’t file as a corporation on federal income tax, what are other options?
What are other filing options for no income LLCs?
user104440
0
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2
answers
244
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Benefits of being paid as corporation - USA
I see a lot of articles describing how many corporations (notably Amazon) pay minimal/zero tax. What prevents me from having my employer pay my salary to a corporation I set up and having the corp use ...
1
vote
0
answers
34
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How to report a C corporation's post-dissolution expenses?
We're filing 2019 Form 1120 for a C corporation (XYZ Inc). In January 2017 my cofounder and I incorporated XYZ Inc in Delaware and registered it as a foreign corporation in Connecticut. We dissolved ...
- 507
0
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1
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195
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Is it legal to issue free stock? [closed]
Are there legal obstacles to issuing free stock? Along with no promise of any return. Do you still need to be a corporation to do so?
The money comes from payments made elsewhere for products and ...
1
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1
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170
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If I plan to get investments later, should I start a C Corp now? Or LLC then convert to C later?
Should I start an LLC then convert later once it is time for investments? Or just start as a C-Corp now?
At the moment what I have are open source software tools, and ideas on how to monetize them ...
- 101
1
vote
1
answer
289
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Why 1099-MISC for LLC but not a corporation?
I have a couple side gigs, and every January I get a little annoyed because I need to send out 1099-MISC forms for various payments to contractors and the like.
According to IRS rules you must send ...
- 7,571
1
vote
0
answers
53
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What are the US tax implications of owning a controlling stake in a UK private limited company?
I'm currently a US resident alien.
What are the tax implications of owning a controlling stake in a UK private limited company?
It is unclear how complex filing is and what financial implications ...
- 111
1
vote
1
answer
104
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Can I purchase and sell a property through my c-corp if I have a personal tax lien with my state?
I would like to execute a simple contract assignment (double closing) on a real estate deal. The initial title work came back an there is a lien against me personally for taxes owed to my state. I ...
- 111
0
votes
1
answer
502
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Difference between Property/Casualty and Personal Auto insurance
I’m looking for distinct differences in Property/Casualty Insurance and Personal Auto insurance.
Im analyzing various insurance companies and their respective loss, expense, and combined ratios and ...
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11
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1
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442
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My software business makes nothing for years, then a big chunk of money all in one year. Is a C-corp the best structure for tax purposes?
I make video games by myself for a living.
This process involves many years of unpaid work before a game is released, and then a sudden "windfall" type wave of money when the game finally comes out. ...
- 211
2
votes
0
answers
487
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Tax rates when C-Corporation pays salary to the owner who is non-US resident & non-US citizen
I am non-US resident and non-US citizen (i.e. NRA, nonresident alien). I would like to open C-Corporation in Florida. I would be the only owner and shareholder of the C-Corp.
I know what are the ...
- 21
1
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2
answers
214
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How could this sort of bankruptcy fraud be caught?
Somebody I met claims that some 'shady' business owners out there can create a company with the purpose of paying for an expensive service - then make that company file for bankruptcy to avoid paying ...
- 11
0
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0
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632
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As a US citizen, how can I live in Austria, do business with the US, and set up my business in a legal, tax efficient manner?
I am a US citizen, and professionally I am an independent software developer contractor. I want to live in Vienna, Austria but still contract with companies from the United States and work remotely ...
- 271
2
votes
1
answer
62
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Tax Setup on United States bank account(s)
I have a single-member LLC with several bank accounts for the LLC. Currently, the tax return for this company is included on my personal 1040 (under my SSN) using a Schedule C.
I happened to notice ...
- 123
1
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1
answer
125
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What does "Income generated in the U.S." mean?
Quoting from Stripe.com - Incorporation - Why should I incorporate in Delaware?:
[...] Pay federal income tax on income generated in the U.S.
Does that mean I cannot do any business with any ...
- 1,063
0
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1
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172
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Taxes on dividends for non-resident aliens
I'm thinking of forming a C-corporation in the US that will provide consulting services. Providers ("workers") will initially be located overseas, so technically the company will not have any ...
- 101
0
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1
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83
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Do Affordable Care Act business requirements apply to "control groups?"
The Affordable Care Act (a/k/a Obamacare) imposes certain requirements, restrictions and obligations on business entities. For example, businesses that employ over 50 full time workers must ... etc.
...
- 292
2
votes
1
answer
174
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Is stock in a private corporation taxable?
If I start a private corporation and it gets a large equity injection from an outside investor, is this taxable in any way, or is it not until I get paid a salary or get a disbursement from the ...
- 9,805
1
vote
4
answers
280
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Why should a company go public?
For someone who holds stock in a privately held startup (through exercised employee options) is it preferable to see the company aiming to go public so that stock can be sold on the open market? It ...
- 242
1
vote
0
answers
269
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EU company selling internet services to US customer, any tax?
I know that companies from US selling electronic goods to EU customers over internet need to charge and pay EU tax rate. For example if the company from US with no physical location in EU sells web ...
- 111
0
votes
1
answer
174
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FATCA compliance for small Foreign Company. What do I need to do?
Regarding, FATCA compliance for a new small business in Japan owned by a US citizen, I read parts of the related IRS website but still have basic questions.
http://www.irs.gov/Businesses/Corporations/...
4
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4
answers
2k
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Can you live through a corporation, i.e. conduct personal affairs through a business?
I was curious if it were legal (USA) and possible to live "inside" of a corporation. As in I would purchase a house/car/etc through a corporate entity (I realize I'd likely pay more, but bear with me) ...
- 149
3
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1
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1k
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US dividends double taxation for foreigners (UK)
I have read that the US government exercises a 15% (or even 30%, where the foreign country is not in the double-taxation treaty with the US) withholding tax on US dividends, if the shareholder is ...
1
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1
answer
221
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How should a US resident who is a joint owner of a Canadian corporation file taxes?
I am a Canadian citizen living in the US. I am a joint owner (50%) of a Canadian federal corporation that I started when I lived in Canada. The company is online, and receives income from people all ...
- 165
5
votes
4
answers
74k
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How can I lookup the business associated with a FEIN?
I have a FEIN (Federal Employer Identification Number) and need to locate the business or non-profit that has been assigned that number, how can I look that up only given the FEIN number?
- 1,823
2
votes
1
answer
122
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US based small business consulting in the Philippines tax help
I am a consultant working under my own S corporation based in the united states.
For my situation, I will be undertaking work in the Philippines to consult a client. This client who is based in the ...
- 21
3
votes
2
answers
3k
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H&R Block says form 1120 not finalized? IRS won't take it yet?
So basically I'm a new business. I bought H&R Block's Premium tax software to file my return. I fill out the form, and at the very end I get an error message saying "This product is not yet ...
- 133
5
votes
2
answers
6k
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Can I invest C-corp or S-corp profits by purchasing stock, bonds or property to reduce tax liability?
If I own a C-corp or an S-corp in the US ( say for example Delaware ), and I take profits from revenue after expenses for the corporation and purchase stock in the US stock markets, bonds or other ...
- 183
2
votes
1
answer
813
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Filing federal taxes for C-corp with no income
I started a startup in November, established as a C corporation. We made a single payment to a lawyer to have him file the papers and write the bylaws (payment was from my personal account). We didn't ...
- 123
6
votes
2
answers
424
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Is this formula accurate for weighing the difference between an S-Corp and LLC?
I have been doing much research before deciding on a S-Corp or LLC for an online start-up (2 people, software as a service). I've read lots of explanations of the two and their differences and I've ...
- 243
7
votes
2
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334
views
Is building a corporation a good option?
In Robert Kiyosaki's "Rich Dad, Poor Dad" he talks about building a corporation and doing transaction through it instead of doing them yourself, directly. There seems to be a lot of advantages in ...
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1
vote
2
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287
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Is an offshore investment corporation a better tax deferral arrangement than a 401k?
I would like to consider the tax deferral provisions afforded to US Citizens. If my corporation formed in a jurisdiction outside of the United States and held US Treasury Bonds (for example) gaining 5%...
- 335
2
votes
2
answers
184
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Are there any issues with registering an LLC in a foreign state?
This topic has probably been beaten to death, but just want to double check with you guys.
I'm currently in NYC, although I do not plan on living here (my parents are here tho). I have a web ...
- 215