Search found 3 matches

by fpvt2
Wed Oct 05, 2011 10:36 am
Forum: Canada / United States Tax & Accounting
Topic: S corporation requirement
Replies: 1
Views: 1835

S corporation requirement

Can one create an S corporation if one's entire business operation, employees, and bank accounts are overseas ?
by fpvt2
Thu Mar 17, 2011 4:25 pm
Forum: Canada / United States Tax & Accounting
Topic: Foreign sole proprietorship and W2 ?
Replies: 0
Views: 2143

Foreign sole proprietorship and W2 ?

Schedule C line 26 Wages (less employment credits) The instruction says "in most cases you are required to file Form W-2, Wage and Tax Statement, for each employee. For a foreign sole proprietorship, which is located outside the US and all the employees are from that country and are not US resi...
by fpvt2
Thu Mar 17, 2011 3:25 pm
Forum: Canada / United States Tax & Accounting
Topic: Foreign Sole proprietorship
Replies: 0
Views: 2094

Foreign Sole proprietorship

If a person owns a foreign sole proprietorship, does he/she file Schedule C ? In the foreign country tax return, a tax payer can use a "norm" calculation where he multiply the revenue by 30% to come up with the net income. So, the tax payer doesn't need to list by the expenses like adverti...