Big C Corp has $2,000,000 in Net Operating Income each year.
Big C Corp has $2,000,000 in Net Operating Income each year. It was to acquire 100% of Small C Corp that has no liabilities and only one asset: a $100,000 charitable contribution deduction. The federal tax rate for Big C Corp is 35%. Are there any IRS rules that apply to the change of control? What is the value (savings after consolidation) of Small C Corp to Big C Corp?JA: Since business law varies from place to place, can you tell me what state the corporation is registered in?Customer: DelawareJA: Has anything been filed or reported?Customer: NoJA: Anything else you want the lawyer to know before I connect you?Customer: No. This is more than enough complication
JD, MBA, CFP, CRPS
As a owner of an Online Dating website, i want to
Hello! As a owner of an Online Dating website, i want to incorporate. Do i need to apply for GST/HST, if i charge clients only for reading messages? Copying photo, video or other data from website is not allowed, so there is no any digital content for download
I am thinking about employing a Canadian individual (as an
I am thinking about employing a Canadian individual (as an Employee) from my US LLC. The US LLC is not currently registered in Canada with the CRA. I would need to register with the CRA to employ the person as an employee in Canada. Note that this person will be working in Canada not in the US (and will almost never visit the US in fact), so the work is done in Canada.Question: Are there any potential negative consequences for my US LLC if I register it with the CRA?
My husband is self-employed and I was doing our taxes online
Hi. My husband is self-employed and I was doing our taxes online with Turbotax Home and Business and because his income is all business income, at the end of inputting all our numbers his income reads $0. How do I fix that? We pay into our joint account from the business now and then. Is there some way to keep track of that? Is that the amount I should be using for his income? How do I input that if there are no tax receipts for it? Thanks!
Can the TAX revenue agency of Canada, use information from
Can the TAX revenue agency of Canada, use information from my citizenship application against me? Lets say the address did mot match exactly, would my citizenship application be question? Would my Canadian taxes be scrutinized from the revenue agency?
Vocational, Technical or Trade School
Is unwritten employment considered legal?
I need to reference a Canadian court case where an unwritten employment is considered legal. I am a 100% shareholder and employed by my corporation. I claimed employment expenses based on a T2200. The CRA states that the T2200 is invalid since I do not have an employment contract with my company. The T2200 was issued and signed by my accountant who is a vendor.