Questions tagged [corporate-tax-laws]
The corporate-tax-laws tag has no usage guidance.
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Invalid SOS number - California EDD Number Registration
I'm trying to get an EDD (employment development department) number to file with payroll, and it's asking me for my Secretary of State Identification number.
I have the number, but the site isn't ...
- 109
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1
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Germany GmbH shareholder living in another EU country
When an EU citizen who is holding shares of a GmbH decides to move to another EU country, what are his obligations to the tax office and the state?
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Suppose I incorporate in Delaware. If I sell online services to ppl anywhere in the US, do I need to register as foreign in every state?
Suppose I incorporate in Delaware, with an agent that has a physical address there to represent the company in Delaware, and I live in California building an online service from home.
First do I need ...
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1
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For an LLC that is not a C-Corp but taxed as a C-Corp (form 8832), does the EIN change when becoming real C-Corp?
Suppose someone creates an LLC and will not be raising funds now, and won't have other company owners yet (like a sole-proprietorship), but elects for the LLC to be taxed as a C-Corp with form 8832.
...
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Does the private component of the City of London Corporation pay any tax on its financial activities?
I'm referring to the privately run functions of the City of London Corporation that are exempt from public authority provisions such as the Freedom of Information Act.
1
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1
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298
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Do TV games have tax exemptions when prize money goes to an non-profit?
In some TV games, where participants are usually famous people, the prize money goes to charity organization. In France, donations to such organizations by individuals give right to tax exemptions. Do ...
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1
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Are business expenses put into escrow by a freelance marketplace deductible before they are released from escrow?
Say that a U.S. person is a sole proprietor, and pays a contractor to do some work to support his business. This would normally count as a business expense, deductible on the U.S. person's taxes. But ...
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votes
1
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48
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Do donations made by customers of a company allow the company to deduct taxes
I just got an email from American Airlines asking me to donate to Red Cross through their website and that I would obtain miles if I did so. The "exchange rate" is 10 miles for a dollar ...
- 123
2
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2
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118
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Forms for a NYS LLC to elect LLC/non-S Corp taxation
NY state (USA) here. If a 1-man NYS LLC wishes to elect S-corporation taxation status, they must file a Form 2553 with the IRS, and a Form CT-6 with the NYS Department of Taxation and Finance.
At a ...
1
vote
1
answer
90
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Can an employee pay for boss' things?
If someone had a trusted remote employee living in Saudi Arabia where there's no taxes, would it be possible for them to instead of paying themselves a wage, pay the foreign employee extra and then ...
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1
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Can an LLC member "reject" an unvested gift of interest from a living member several years after it is given?
I have an LLC. My son and daughter (both over 18) are the only other members. In December 2019, I transferred to my son a capital interest worth $15,000 as a gift and did the same for my daughter. ...
- 195
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0
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253
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If a partner abandons his interest, what is the tax treatment for the remaining partners?
Suppose a partnership (such as an LLC with pass-through taxation) has three members. Each owns an equal share of the business, which has a net liquidation value of $300,000. One partner abandons his ...
- 195
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Legal definitions differentiating 'corporation' and 'private estate' in relation to Duchy of Cornwall
The Duchy of Cornwall is classified as a 'private estate' and therefore is exempt from corporation and capital gains tax.
Investopedia defines a corporation as 'a legal entity that is separate and ...
user42151
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0
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What is penalty for not closing Delaware C-Corp?
I'm a non-US citizen and started Delaware C-Corp in Sep 2021, now I have to pay $400 franchise tax, accountant cost, and closing cost. I don't close this C-corp officially and In the future, If I have ...
- 119
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570
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Is my company donating money to charity in lieu of paying me salary legal?
I currently donate most of my money to charity, and knowing this my company has offered that they could deduce my salary and instead pay that money directly to charity.
I posted a question to the ...
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