2
votes
4answers
59 views
RRSP and Canadian exchange rates
I am completing a TR for a US person who cashed in their RRSP in 2009. I have the amount that should be income in the US after he/she became taxable in the US, but the amount when …
2
votes
3answers
67 views
Indepedent consultant tax question
I am a citizen of Taiwan and worked in US for several years till end of June 2010. Between 1/1/10 and 7/1/10, I was a full time employee in US under the work visa. I left US after …
2
votes
3answers
73 views
Foreign owned company by US Citizen
A man who is a US Citizen now who used to live and operate a family business in Guatemala approached me the other day. He wants to "not cause a problem" with the IRS so he wants t …
1
vote
3answers
41 views
International company expanding into U.S. Market — Filing Requirements?
Is a French manufacturing company that is starting to sell in the States required to file a tax return or make other such filings. Is there a minimum receipt level at which that is …
2
votes
4answers
74 views
Computer based consultant from Canada, working on US projects.
Hi there,
I am a resident of Canada and am a freelance consultant. I do all my work through my computer and via emails. So, no traveling. Recently I have gotten several projects f …
2
votes
3answers
951 views
How should qualified dividends be reported if there is no 1099-DIV?
The IRS says that all dividends are supposed to be reported on line 9a and on Schedule B, even if no 1099-DIV was received.
It also says to report them on line 9b only if a 1099-D …
3
votes
4answers
199 views
Can a business charge another business a tax on SERVICE?
Can a business charge another business a tax on a SERVICE?
For example, when purchasing technology e.g. hardware and software, is a vendor required to list and itemize separately …
3
votes
4answers
151 views
Foreign Earned Income Exclusion for A Sales Rep Working Overseas
I have a tax client who moved to China in Aug of 2009. He will continue living there until an undetermined period of time, but it will be at least a year from the time he moved. …
3
votes
2answers
30 views
Tax information Egypt
Hello all
Well, we are a Lebanese and an Egyptian, and lately we started promoting products on our websites, getting campaigns from certain online networks and promoting them, gen …
3
votes
2answers
126 views
Should a U.S. mutual fund that pays foreign taxes issue a 1099-DIV, even if less than $10 was distributed?
Taxpayer received distribution from mutual fund that invests in foreign stock. By comparing 1099-DIV forms from 2008 and earlier to statements from 2008 and earlier, I determined …
2
votes
4answers
50 views
US company wants to set up operations in Europe. Which country should we choose?
In terms of tax structure and efficiency, what is the best European country in which a US based start-up business consulting company can set up their European Operations?
1
vote
2answers
131 views
Tax treatment of LLC incentive units
We are forming an LLC and giving certain key employees incentive units which vest over time.
How are these treated for tax purposes to the employee receiving the units?
When we …
1
vote
4answers
721 views
Creating a new LLC with one foreign member
A client of mine wishes to create an LLC with 4 members (maybe 5).
Three (perhaps four) of the members will be from the USA with one of the members being a Canadian resident/citiz …
3
votes
6answers
89 views
How should I respond to morons and smart alecks who want to claim non-human dependents, such as the government?
This started with someone who wanted to take the position that "Uncle Sam" (the U.S. government) received more support from a taxpayer than the taxpayer's child did, and therefore …
1
vote
5answers
145 views
Should independent contractor say business uses cash or accrual method, if he does not remember and last return was so long ago that it cannot easily be checked?
Originaly question stated:
Person worked as a self-employed independent contractor (receiving Form 1099-MISC non-employee compensation) in 2001, 2003, 2004, and 2009, but not in 2 …
