Tax

Have a Tax Question? Ask a Tax Expert

Ask an Expert,
Get an Answer ASAP!

Tax

We are a new LLC out of Delaware. We are an export company

Customer Question
that sells only overseas. No...
We are a new LLC out of Delaware. We are an export company that sells only overseas. No US sales. We purchase product from a manufacture in CA., they deliver the product in a sealed container directly to the shipping dock. All orders are made out of Delaware.

Will we have to pay corp taxes in CA?
Submitted: 4 years ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 1 minute by:
4/30/2013
Tax Professional: Megan C, Certified Public Accountant (CPA) replied 4 years ago
Megan C
Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 16,581
Experience: Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
Verified

MyVirtualCPA :

Thanks for asking your question! I'm sorry to hear about your tax issue and I'm going to try my best to help you understand or resolve it.

MyVirtualCPA :

Do you have any physical locations in California?

JACUSTOMER-9ku1mf0i- :

No

MyVirtualCPA :

If you do not have any physical locations in California and your only tie to California is that you are buying product

MyVirtualCPA :

you would not owe tax to California

JACUSTOMER-9ku1mf0i- :

One of my partners has a house in CA and may make business calls from that house while there for the summer. Will that make a Differences? My understanding is that we will have to pay CA the $800.00 corp tax for doing so. Is that accurate?

MyVirtualCPA :

If you are transacting business in California you will have to register there and pay the $800 per month franchise fee

MyVirtualCPA :

This would be doing business in California. You do have a California Nexus.

JACUSTOMER-9ku1mf0i- :

Nexus?

MyVirtualCPA :

it means that you have a relationship with California

JACUSTOMER-9ku1mf0i- :

His primary home is in New York. Any calls he make are New York based even in CA. Do we have to pay corp taxes in NY as well?

MyVirtualCPA :

If you are conducting business there, yes

JACUSTOMER-9ku1mf0i- :

Okay, So for tax purposes we should keep all transactions out of Delaware? Correct?

MyVirtualCPA :

Correct

JACUSTOMER-9ku1mf0i- :

you have $800.00 a month for CA taxes is that correct? A month

MyVirtualCPA :

It's per year

JACUSTOMER-9ku1mf0i- :

I'm considering purchasing a home there myself (CA). So we dont sell in the US, we don't take ownership of product until it hits the port dock

MyVirtualCPA :

ok

JACUSTOMER-9ku1mf0i- :

but because we have a house in CA we would have to pay the tax correct?

MyVirtualCPA :

Yes, because you will be taxed there. You would be a resident of California

JACUSTOMER-9ku1mf0i- :

Well than it sounds like if we want vacation homes in CA and continue to work, we pay the tax. It may be a good idea than to open a office in CA as a way to offset the tax. Your thoughts?

MyVirtualCPA :

Sounds good to me

JACUSTOMER-9ku1mf0i- :

Is the franchise tax the only tax we would have to pay? ($800.00) we have never bought from a CA manufacture before.

MyVirtualCPA :

You would also pay income tax if you had California sales

JACUSTOMER-9ku1mf0i- :

Okay, we have no US sales what so ever. Thanks

MyVirtualCPA :

youre welcome

MyVirtualCPA :

IF satisfied, please rate my response "excellent" so that I may receive credit for assisting you today

Ask Your Own Tax Question
Tax Professional: Megan C, Certified Public Accountant (CPA) replied 4 years ago
Thanks for allowing me the opportunity to help you. Please let me know if I can be of any further assistance to you in this matter. I really enjoyed working with you – please feel free to request me again when you come back to ask another question. Simply enter "MyVirtualCPA" in the subject of your question Thanks again for being a JustAnswer customer
Ask Your Own Tax Question
Ask Megan C Your Own Question
Megan C
Megan C
Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 16,581
16,581 Satisfied Customers
Experience: Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

Megan C is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,300 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,310 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

Robin D.

Robin D.

Senior Tax Advisor 4

13,695 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

16,581 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

R. Klein, EA

R. Klein, EA

Enrolled Agent

1,839 satisfied customers

Over 20 Years experience

< Previous | Next >

Related Tax Questions
Tax Question: Non-Resident Withholding Tax, Franchise Tax
Tax Question: Non-Resident Withholding Tax, Franchise Tax Board, CA HISTORY: 1. The property is in California 2. The owner resides in outside of California 3. Metro Property Management collects monthl… read more
abci168
abci168
Principal
27 satisfied customers
What is the rate of tax I will pay on the gain from the sale
What is the rate of tax I will pay on the gain from the sale of my house … read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,310 satisfied customers
I have an old California LLC that was created in 2009. I
I have an old California LLC that was created in 2009. I paid the $800 LLC taxes for years 2009 - 2012. I really went out of business in 2010 and never made any profit and did not get the business goi… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,473 satisfied customers
Senior citizen, with a new franchise tax board bill. How do
Senior citizen, with a new franchise tax board bill. How do I protest ? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,473 satisfied customers
What is a franchise tax. What is franchise tax and it taxed
Is there anything else the Accountant should be aware of?Customer: the home sold was inherented… read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
734 satisfied customers
Does the california franchise tax board have any current or
does the california franchise tax board have any current or upcoming amnesty programs for limited liability companies … read more
abci168
abci168
Principal
27 satisfied customers
The CA franchise tax board call yesterday stating that I
The CA franchise tax board call yesterday stating that I didn't file my 2001 540 returns. I have been on a garnish plan with them since about 2014. I can't find that years forms. What can I do? … read more
abci168
abci168
Principal
27 satisfied customers
California llc subsidiary question, california, we have the
we have the operating agreements internally but the SI-12 needs to be corrected and the taxes were never passed through to the parent LLC. does this invalidate any LLC relationships? … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I sent my out of state California excise franchise tax work
I sent my out of state California excise franchise tax work in but it never arrived … read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
57 satisfied customers
I started a California LLC in 2012, I have not filed a tax
I started a California LLC in 2012, I have not filed a tax return, didn't know I had to, and didn't pay an annual fee. I have only had a few thousand dollars in business, nothing the last two years. I… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,473 satisfied customers
I have a tax question involing my LLC and California FTB. I
I have a tax question involing my LLC and California FTB. I filed papers for an LLC 10 years ago, nothing developed with it. no income, few expenses, never filed any taxes. I wanted to revive my LLC a… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor\u0027s Degree
1 satisfied customers
What is the income tax rate if it is not withdrawn from the
Hi! What is the income tax rate if it is not withdrawn from the LLC? The owner has not withdrawn any balance from the business all the amount reinvested into the business. Thank you!… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,473 satisfied customers
Taxes, which is better LLC or C corporation? California. No.
I looking for the lowest tax liability for me and the business.… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
13,695 satisfied customers
If person A sales a used car to person, is a sales tax
If person A sales a used car to person B, is a sales tax required to be paid by either party? … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,220 satisfied customers
How are the proceeds of sale of a LLC interest taxed; as
How are the proceeds of sale of a LLC interest taxed; as ordinary income or as capital gains? … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,220 satisfied customers
I am trying to find out if IRS and California Franchise Tax
I am trying to find out if IRS and California Franchise Tax liens have expired as well as a civil judgement … read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,473 satisfied customers
Are you familiar with California Franchise taxes and non
are you familiar with California Franchise taxes and non california S corps … read more
Dr Arthur Rubin
Dr Arthur Rubin
Doctoral Degree
24 satisfied customers
California Franchise Tax Board question My delaware
California Franchise Tax Board question My delaware corporation is registered with California as a foreign corporation. We had operation in 2015 in California but no longer doing it in 2016. What shou… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x