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Published by Eva Rosenberg, MBA, EA

Issue 299       March 11, 2005
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TaxMama's Secrets

Delaware Corporation Concept

From: Oakland, CA

Dear TaxMama,

I started a company 2003. it is one member LLC in delaware. I work as a consultant.

I went to an online payroll service to pay my tax. I was a california resident working in New Jersey. So, I was able to claim per diem since I was away from my resident state.

My question is: If I return for work to my resident state  can I still claim per diem?

And can I find answers to these type of questions in your book?

Thanks.
Joachim

 

 

 

Hi Joachim.

[Chuckle] You're not going to find answers to exactly this type of question in my book. Hardly anyone does this sort of thing.

However, you're going to find enough information about what you can and can't do with per diems (and where to find the current and past numbers for each city) - as well a host of other situations you haven't even thought of yet.

When you return to California to work, as a California resident, you won't get to use travel expenses. You will get a lot out of the chapter on Internet issues, one of which is 'nexus'.  That will help you a great deal with the tax home concept.

However, as a California resident, you may want to re-think that Delaware corporation concept.

If you want to know why, join me on March 23rd to find out why. Don't worry - it's free.

Best Wishes,
Eva Rosenberg, MBA, EA

 

SMALL BUSINESS TAXES MADE EASY - How to Increase Your Deductions, Reduce What You Owe, and Boost Your Profits


 
 
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