Tax Questions

Entrepreneurs can set up their business as a Sole Proprietorship, C-corporation, S-corporation, partnership, non-profit, Limited Liability Company, or Limited Liability Partnership.

1 Votes
2 Answers
3K 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...

asked Feb 18 '13 at 06:23
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Aaron
8 points

2 Votes
3 Answers
2.89K Views
Advice on the need for a foreign subsidiary

We'd like to startup a company that is seen as a UK company and be governed by UK laws, including Privacy laws. However, all of our operations, management and control will reside in Canada at least...

asked Jan 29 '13 at 06:34
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Kate
99 points

2 Votes
2 Answers
2.74K Views
Ownership without investment. Help

I started work at a company a few months back. I was brought in to head up a new division in the company. That division is separating as it's own LLC. I won't be investing any money into the new...

asked Feb 2 '13 at 02:43
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Jane
11 points

1 Votes
1 Answers
2.66K 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...

asked Feb 8 '13 at 11:05
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Artem Russakovskii
106 points

0 Votes
2 Answers
2K Views
Calculating mileage for reimbursement

My wife is starting as a dance instructor while working at a regular job. Her studio space requires that she drive a fair distance to and from the house, and I have a couple of questions on how to...

asked Jan 14 '13 at 04:56
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John P
101 points

3 Votes
1 Answers
3.07K Views
Tax implications of an overseas business running a Kickstarter campaign via a US or UK person's account

If an overseas business runs a Kickstarter campaign via a US or UK person's account, does anyone know what the tax implications would be for a US resident? Does anyone know what the tax...

asked Jan 23 '13 at 21:17
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Mark Sheppard
16 points

0 Votes
3 Answers
1.94K Views
Do I need to report income

I am not receiving tax form (1099K) from Paypal because I didn't generate 20,000 of sales. This means that Paypal did not report those yearnings to IRS. Does that mean that I shouldn't count those...

Tax
asked Jan 26 '13 at 02:55
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Dev.E.Loper
113 points

1 Votes
2 Answers
2.61K Views
Do I need to pay tax on shares earned?

I am working on a project in my spare time with a friend. The project has the potential to make money in the future. We want to run the project democratically and non-hierarchically. We have...

asked Jan 28 '13 at 20:59
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Erik Straughn
6 points

3 Votes
2 Answers
2.44K 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.

asked Jan 2 '13 at 06:40
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Matt Clark
135 points

1 Votes
2 Answers
1.98K Views
Expat looking to create a Tech Startup

I am considering starting a Tech focused startup. I am married to a German and currently live in Germany but I am a US citizen. I am wondering where is the best place to register a new company, if...

asked Jan 4 '13 at 07:13
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Motleydev
8 points

0 Votes
2 Answers
2.87K Views
Will I REALLY save on taxes by incorporating offshore?

I'm about to launch a product and need to register a company (in order to handle payments for my product, and get a merchant account). I'll give specific information on my own situation below, but...

asked Jan 6 '13 at 00:25
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Nick Budden
129 points

1 Votes
1 Answers
2.13K Views
Can I deduct mileage from my home office if the IRS doesn't recognize it as one?

I have an office in my home which is my only base of business operations. However, it's not exclusively used for business purposes. (As a freelance software developer, the line between work and...

Tax
asked Jan 9 '13 at 03:45
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Peeja
108 points

0 Votes
1 Answers
2.94K Views
S-Corporation Filing an extension with profits

So, you have a S-Corporation with profits, there's an ownership dispute with a court date in May, after the filing date of March 15th. Should the S-Corporation file an extension? So normally,...

asked Jan 13 '13 at 12:54
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N L
18 points

2 Votes
2 Answers
3.47K Views
Does a US employer need to pay any taxes for a non-US freelancer hired online?

We own an International Web Development company and get hired from all over the globe. We need to know if one of our US clients, needs to pay taxes for hiring us. They paid us $750.00USD via...

asked Jan 13 '13 at 15:08
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Juapo2 Services
13 points

3 Votes
2 Answers
2.31K 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...

asked Dec 17 '12 at 16:00
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Asdaf3wq
18 points

3 Votes
2 Answers
2.16K Views
Non-US Citizen Corporation

I'm not-US citizen that want to incorporate C-Corp. My company should based on advertisements as primary income. I will fly to US in order to open US bank account. I'm not intend to hiring...

asked Dec 7 '12 at 02:42
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Terry
16 points

1 Votes
2 Answers
2.07K Views
Hiring people in multiple European countries and payroll taxes

Suppose I have a company that's incorporated in France and that I want to hire a few sales people in several European countries to help sell my Saas subscription. Do I need to incorporate a...

asked Dec 8 '12 at 07:40
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Frenchie
4,166 points

1 Votes
1 Answers
3.02K Views
How to dissolve an LLC and transfer assets?

I just moved states. From what I'm reading online, I have a few options, but the one I've decided to go with is to dissolve my LLC in the old state, and form a sole-proprietorship in the new one to...

asked Dec 9 '12 at 18:27
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John Z
216 points

1 Votes
1 Answers
2.75K Views
Shipping goods from India to Texas

I am starting a clothing business and have a manufacturer in Mumbai, India. Do I pay and Indian tax and/or a US tax for importing/exporting? THANKS

asked Dec 11 '12 at 03:40
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Lisa Armstrong
6 points

0 Votes
1 Answers
1.95K Views
Reselling US digital products from UK. VAT / tax question

I am a UK resident w/ UK ltd company which is looking to market digital products e.g ebooks, video courses, software and newsletters for example. Most vendors and customers would be based in the...

asked Dec 11 '12 at 16:37
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Mark
1 point