|
|
| *The Commerce Journal>>>Other Taxes |
Company has not done any business, still responsible for paying any tax? |
If a corporation started November 2006 and has not done any monetary transactions as of date. What taxation liabilities are they responsible for? Corporation Located in New York City. Here is a link to taxes for corporations in NY and a link to the NY Dept of Revenue. For a C corp there is a fixed dollar minimum tax of $100, and for an S corp the fixed dollar minimum tax is $100. Source(s): http://www.dos.state.ny.us/corp/busguide... http://www.tax.state.ny.us/ You won't owe any tax but you may still need to file. This is one for your accountant. If you don't file, they may estimate your taxes for you and send you a bill. Not a nice thing. 鈽? There likely will not be any tax to pay, however, you still have to file the various state and federal forms. Just report as zero income In many states there is a minimum tax that ALL corporations must pay, typically between $300 and $1,000, even if there is no income at all. There can be flat amounts that are payable annually by a corporation whether or not there has been any business. You really need to talk to an accountant. |
| Tags |
| Boston Austin Atlanta Other - Business & Finance Other Taxes United States Taxes United Kingdom Taxes Spain Taxes Singapore Taxes Mexico Taxes Ireland Taxes |
| Related information |
Hong Kong has a low-rate optional flat tax of 16 percent on personal income. Taxpayers can choose an alternative system with graduated rates, though the top rate in this system is only 17 pe... you need to find a CPA. there are a lot of CPAs in California.... You would need to check with the Australian customs officials.... You file a non-resident return for CA, and a resident return for AZ, you will be taxed in both states on the income that you earned in CA, but AZ will give you a credit for taxes paid to CA.... Just take the end result and divide it by 1.125 to come up with the before tax number. If you have something that cost $1,000 the tax on it (using your 12.5%) would be $125, making the t... Your question is too complex with serious ramifications to trust an answer here. In theory a BVI company doing business outside of Singapore is not tax liable. However by signing the contr... VAT refers for Value added tax. It is a structure of indirect tax. VAT should be paid by dealer and concerned dealer it eligible to get credit of tax paid by previous dealer. MERITS: There... The purpose of the W-9 is to allow those to whom you provide a W-9 to properly report income. Having filed a W-9 has no direct impact on how you file your yearly tax return. It may mean tha... |
Commerce Categories--Copyright/IP Policy--Contact Webmaster |