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Does my Corporation have to file any tax information if it had $0 revenue last year?

Posted by admin on Dec 28th, 2008

xtaticlyme asked: I formed a corporation at the end of last year. It hasn’t made any money yet because I haven’t lanuched my business yet. However, I did deposit money from my personal account into the business account. The corp. is privately held.
Do I have to file any paperwork to the IRS or pay any [...]

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in the UK tax system, what is included in hte profit chargeable to corporation tax under financial year 2006?

Posted by admin on Dec 28th, 2008

mama asked: what iam asking is under what rules is corporation tax charged in uk and what is included in the revenues to be charged

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Is it true that Obama plans to tax corporations who out source?

Posted by admin on Dec 28th, 2008

♡♪sing♪♡ asked: Ive heard that Obama is planning on making a high tax for those corporations who like to outsource (*COUGH*FRIGGIN SALLIE MAE *COUGH*). Is this true? If not, do you think it should be, cause God knows I do! JEEBUS! DX

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What is corporation tax?

Posted by admin on Dec 22nd, 2008

Becky; ♥ asked: I understand that it is only paid by limited companies, but what is the definition of a limited company? And how come you end up saving money? Do u not have to pay income tax aswell if your a limited company? Help please!
And how do you reduce the amount of corporation tax [...]

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Is a LLC/LLP a corporation or a partnership for tax purposes?

Posted by admin on Dec 18th, 2008

jimi p asked: Myself & my fiance’ are starting a cleaning service. We intend to hire employees. In preparing for this, we decided a Limited Liability Partnership would be the best option.
Would this LLC/LLP fall under the entity type “partnership”, or “corporation”?
Any feedback regarding this entity type selection would also be very welcome.

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Looking to start a bullet proof corporation. need a good tax and realestate lawyer?

Posted by admin on Dec 15th, 2008

scubastieb@yahoo.com asked: I am wanting to start a bullet proof corpoaration using llc’s, c coprs and how to have each corp charge each other to minimize taxes for myself. How to set up the perfect corporation/llc system
I am wanting to start a bullet proof corpoaration using llc’s, c coprs and how to have [...]

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California Corporation Franchise Tax Due Issues?

Posted by admin on Dec 12th, 2008

southern Ca asked: The company is a C Corporation and they were not in operation since 2004. They did not file their tax return since 2004 due to no activity but they are still liable for the $800 minimum tax each year. Now the FTB going to suspend the company due to unpaid taxes. [...]

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If corporation have no business at all should it file federal income tax?

Posted by admin on Dec 9th, 2008

h0mgrts asked: If corporation have no business at all (no income, no salaries, no assets, no employees & etc) should it file federal income tax? and if yes – what is penalty for sending form 1120 after Apr-15?

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tax rates are higher in the exporting country and lower in the importing country, a multinational corporation?

Posted by admin on Dec 8th, 2008

powelltabby asked: When tax rates are higher in the exporting country and lower in the importing country, a multinational corporation can increase its combined income by ________________ transfer prices.

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Corporate Canada: Do you still file tax return when the corporation is dissolved?

Posted by admin on Dec 7th, 2008

freakonomics asked: I registered a corporation a year ago and I just dissolved it. Do I still need to file tax return?
Thanks.