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| <chenthilk[at]gmail.com> wrote: - quote - > I have a S Corp and I am the only employee. I am planning to
Yes. How much can you afford?> expand my business in India. Thinking of hiring a conultant > in India who will do a business study. My questions are: > 1. Can I pay the consultant in USD? Any limits on how much > can be paid? - quote - > 2. What will be the US tax liability for paying this
None for paying him; the payment to him might be deductible,> overseas consultant? or amortizable, or not. Seth << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| Hi, I have a S Corp and I am the only employee. I am planning to expand my business in India. Thinking of hiring a conultant in India who will do a business study. My questions are: 1. Can I pay the consultant in USD? Any limits on how much can be paid? 2. What will be the US tax liability for paying this overseas consultant? Thank You << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| consultant, hiring, overseas |
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