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...
Regarding US taxation of internet sales. Since you are a foreign entity or person (in regard to the US), and there is an income tax treaty between Canada and the US, you will not be liable for US federal income tax on internet sales unless you have a “permanent establishment” in the US with which...
There are so many different moving pieces in this type of situation, you're best bet is to reach out to an expert accountant. Personally, I use and recommend Eric from Charitax (http://charitax.com)
It depends on the type of business product or service. If it is a service basis company, and all the services have been done by the owners in PR, then the income would be not the U.S source of income. International tax is one of my expertise. My tax firm, SBS Tax and Consulting Services, works c...
Yes you should be reporting the capital contributions. Under the old Form 5472 rules, it's true that only items that impacted taxable income would be reportable transactions. So, a capital contribution by you to the corporation would not be reportable, unless the equity contribution was somehow...
You'll approach this by working with a Tax person in each jurisdiction. Note: This only applies if you have a brick + mortar location, along with exact organization of the business. Tip: Making mistakes can be costly. Don't believe any "experts" besides in-country Tax people.
http://www.nyc.gov/html/dof/html/business/nys_sales_tax.shtml cleaning - city an state =8.875%
I will answer this is the simplest form I can. Basically in every country to conduct business in you will need to pay taxes in that country. If you have an office, employees or your revenue comes from that country you have to pay taxes. These taxes will include State, Federal and Sales Tax. Moreo...
Doesnt matter for Federal Income Taxes, Only State Income Taxes. You will have to report the income in the State where you generate the income and reside. So report the income in California. But, If you do conduct business in Montana then you would have to complete a Non-Resident Tax Return.
Yes, forming an LLC in a tax-favourable state (e.g. Delaware or Wyoming) with residency outside of the US in the upcoming tax year may be beneficial, as it can help protect personal assets and provide tax savings. Yes, you may have to file state taxes in your original US state but this may vary ...