Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   How would income tax be reported and paid for a new international trading company? (https://www.askmehelpdesk.com/showthread.php?t=561526)

  • Mar 11, 2011, 10:34 PM
    ninjatrader
    How would income tax be reported and paid for a new international trading company?
    I'm starting an importing company which will be bringing goods into the US from SE Asia. I have a Corporation registered in the Delaware and will be shipping into California and NY/NJ. The duty for my product is exempt, but I will be liable for the VAT. Once my products are in the US, I will be selling them online. Would I have to register my company with the IRS and report all sales transactions? Assuming I do, how would I be taxed and how would I pay for the tax?

  • All times are GMT -7. The time now is 11:50 PM.