CAD corp to US corp (1099) question
Moderator: Mark T Serbinski CA CPA
CAD corp to US corp (1099) question
Currently, I have only US source income. That means US corporation pays me USD to my canadian corporate account since I am working as contractor in US. I have 3 canadian employees under my corporation. I need to pay CAD salaries my employees, then how much my personal income I need to file for US tax? All the expenses (salary, airflight, office...etc) need to deduct from my US Income, is it correct? Thanks for clarification.
lancehuang