Serbinski Services

This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.

Moderator: Mark T Serbinski CA CPA

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tdane
Posts: 1
Joined: Fri Apr 19, 2013 12:13 am

Serbinski Services

Post by tdane »

Hi,

I am new to this forum. I have a few questions, I hope either Serbinski or other members of this forum can help me answer.

1. Does Serbinski only assist with tax questions - or can they also help create an US LLC ?

2. I realize this next question should probably be discussed more in details with Serbinski or another CPA, but the answer to this question will determine whether I should continue booking such an initial meeting or not. Here is the question: I am about to create a new LLC based company with my self as the only member and employee in California where I live. I plan to be a Implementation Consultant helping financial companies implement their systems. Some of these clients are located in Canada, which mean I will have to travel between California and Canada every week. (I can be flexible around the 183 day limit if that has anything to say). I estimate my company to generate between USD 300k-400k per year. I plan to use the S-Corp tax rules even though it is a LLC (Because I have heard they are being taxed less - but this is what I will have to talk more about with a CPA about). But here is my question - if it can be answered this easily: Does it make sense to report my taxes in my LLC as a S-CORP if most of the income is generated in Canada? I mean, will I get the same low taxed benefits with Canadian generated income as I would if the income was generated in USA?

Hope someone can help even though I fear the answer would be: "Talk to a CPA, since it is not that simple to answer based on the information you have provided"

Thanks,
nelsona
Posts: 18686
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

Plese note that serbinski only hosys this forum, and rreally has minimal involvement in it, His real business is carried out on serbinski.com, which I rarely visit.
Peruse his website, and I'm sure you will be able to determine the range of his services.

Buy, typically, in US, lawyers set up corps, and cpa's go their taxes.

your questio posed above however will no doubt be answered.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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