 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
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?
|
||||
Check out some similar questions!
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. How will this VAT be paid? Are there any...
I am resident of India and I will receive 2.5% Share of Partnership company based in Germany by way of gift. Please tell me that when the profit is deposited in my bank account in Germany then do I have to inform the tax authorities in India. Am I obliged to transfer the profit to india on...
1.Came from overseas, previously worked and saved some money, now a student with no employment; income being only the interest from bank. 2.How to pay tax on this since I do not have W-2, no withholding etc. 3. If someone goes back home overseas, now out of status but still has funds in US...
I entered the US on 7/31/07 on a L1 Visa. As Immigration Law allows, my salary will continue to be paid by the mother company in Italy. My Italian CPA says that Italian law allows me not to pay tax if I spend more than 50% of a calendar year in another country as an immigrant or non-immigrant in...
View more questions Search
| Question Tools | Search this Question |
Add your answer here.
|
