User talk:Sandysea
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| Revision as of 18:33, 14 July 2006 Mikelim (Talk | contribs) (Canadian Corporation) ← Previous diff |
Revision as of 16:14, 11 August 2006 Mygod1979 (Talk | contribs) (Hi Sandy, would you please help me on a foreign investor issue?) Next diff → |
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| + | == Hi Sandy, would you please help me on a foreign investor issue? == | ||
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| + | Hi Sandy, | ||
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| + | My name is Wei. I saw your article on the discussion board and figure that you should be the the person who can give me the answer I am seeking for for long. | ||
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| + | When you have time, would you please go to: | ||
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| + | http://www.taxalmanac.org/index.php/Discussion:New_LLC_Formation_-_Foreign_Member | ||
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| + | My username is mygod1979. | ||
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| + | Thank you in advance & have a very nice weekend, | ||
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| + | Wei | ||
Revision as of 16:14, 11 August 2006
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Contents |
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- Tim Doyle, TaxAlmanac Moderator, Tdoyle 14:17, 11 December 2005 (CST)
non paying clients
Pursuant to Section 10.34 of United States Treasury Department Circular Number 230 - Title 31 Code of Federal Regulations, I prepared the tax returns of the above individual and/or business or businesses. I signed them as PAID PREPARER and/or REPRESENTATIVE. The tax returns, including all attachments, were filed and attested to by the signature statement regarding penalties of law and correctness, and state that the return or returns are based upon all information of which I have any knowledge. I have in separate letter stated the terms for prompt payment of the balance due. To date you have not complied with those terms. The amount due at this time is shown above. Unless I receive payment in full by _______ SPECIFIC DATE, I will be forced to notify the Internal Revenue Service and the YOUR STATE TAXING DEPARTMENT of the inaccuracy in the reporting of PAID PREPARER and REPRESENTATIVE information on the above referenced tax returns. Wayne
Hi- It is Martineo- First name : Orlando
I was 2 years with Block. Around 800 returns- intermediate level. Just personals. I have my EA , but I have no idea about how to do corporations. This season I made around 40 returns -personales, just one schedulle C- using tax wise. This insurance office have a franshise with EXPRESSTAX. Maybe I can join you one other saturday. $10.00 an hour would be enought if I found that I'm learning interesting stuff. Orlando
Hi- From Orlando
In this moment, I cannot get a part time job and a full time at the same time. After 18 month doing insurance, I think I'm facing a professional crisis. I hate a job where 3 or 4 clients every week, or every month, are complaining and threatenen to sue for any reason. Also, they call us for everything, they do not explain properly the situation ,,,,
answering the phone and taking client at the same time is a nightmare--No answer machine is allowed.
Also, our supervisers are giving us a hard time whatever we do. I'm not sleeping properly- stress of the job Problem, it is hard to find a full time job in taxation. I wiil take some days on vacation next month, to get a relax,,, and to study for my CE in insurance. See you, Orlando
Backup withholding
Thank you for the response.
Garth (Atax) Atax 14:40, 21 June 2006 (CDT)
Web Site for FTP
Foreign stuff
Hey Sandy...where you been today? I've been holding this Michael guy off, hoping you'd show up! Check the LLC partner--foreign thread...need your insight.
Foreign Corp. Member in an LLC.
Sandy,
Sounds like you're definitely the expert on Canadian/Foreign tax issues. I'd love to get some of your help so I can structure my client's LLC correctly...I've been doing the research on RIA, but I'd like some input from someone who has practical experience.
I'd be happy to compensate you for your time and expertise - just let me know what you would require. I would hate to keep milking you for free info on this Bulletin Board.
You can contact me directly at my work email: mlim@semaphoretax.com.
Best regards,
Michael Lim
Canadian Corporation
Sandy,
Thanks for the speedy response - I hope you are enjoying your tax subsidized vacation to the Bahamas! :)
It really should be quite simple, but I am just unfamiliar with the rules. I am helping in the formation of a 4 person LLC.
One of the members is in the US under her Husband's H-1 Visa. She lives here full time. She cannot technically work and receive conpensation, so all of her independent contractor work gets paid to her Canadian Corporation.
Given her status, I was planning on making the Canadian Corporation a member of the LLC. She will not be doing management for the LLC, just mainly consulting and working with the other members to add her expertise in web design.
My questions are as follows:
1.) What are the reporting requirements for the new LLC? Do they file a 1042-S for payments to the Canadian Corporation? Do they have to withhold from this, or does the tax treaty exempt this?
2.) I am going to obtain an EIN for the Canadian corporation so it can receive the K-1. Does the individual who owns it have any filing requirements if no payments from the LLC are going to her directly?
This is just a stop gap measure - she will most likely become an American citizen next year, and close down her Canadian corporation (she will then transfer the ownership from the corporation to her personally).
My goals are:
1.) Making sure I meet all the compliance requirements for US and Canada. 2.) Don't make any payments or do any actions that would be prohibited for the individual, since she does not currently have a work Visa. 3.) Make sure I look at any tax consequences for her as an individual.
Hope that makes sense...again, if it requires more of your time than a simple answer, I would be glad to work something out for you.
Regards,
Mike
Hi Sandy, would you please help me on a foreign investor issue?
Hi Sandy,
My name is Wei. I saw your article on the discussion board and figure that you should be the the person who can give me the answer I am seeking for for long.
When you have time, would you please go to:
http://www.taxalmanac.org/index.php/Discussion:New_LLC_Formation_-_Foreign_Member
My username is mygod1979.
Thank you in advance & have a very nice weekend,
Wei
