Discussion:Any Kentucky Accountants Out There?

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Revision as of 01:03, 24 December 2006

Discussion Forum Index --> Tax Questions --> Any Kentucky Accountants Out There?

Jc (talk|edits) said:

24 December 2006
I own an S corp in Illinois, and all revenue/work performed has been in IL to date. If I perform work in Kentucky resulting in revenue, will they honor my s corp status without me having to file any sort of election? As in, would they be happy with just a KY s corp return at the end of the year?

More confusing to me still is the matter of what to do with salary paid for time worked in Kentucky. Does the corp need to withhold and pay KY taxes as it goes or can it just be settled at the end of the year?

All this time, how do I avoid having to withhold IL tax since the work was performed out of state?

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