Do I need to file US corporate tax return for each state?
Do I need to file US corporate tax return for each state?
I have registered canadian corporation through which I seldom go to USA to do work.Last year I worked in three states.I am wondering do I need to file my corporate tax returns for three states separately or only one return will be enough e.g, Form 1120-F.
Answers:
MarcThyme: All three.
Sorry!
2010-06-13 08:15:52
2010-06-13 08:15:52
Chosen Answer
thatguy: Depends, you need to file the 1120F for Federal - but depending on the type of work done, level of connection, facilities in the US, etc. determines if you're taxable at the federal level or protected from tax under the Canada-US Treaty. Then each state is looked at, the state return isn't combined with the federal return as it is in Canada where the provinces are filed with the Federal return so that you only need one return, depending on the type and level of work done in each state and whether the state follows the federal treaty (some do, some don't) a seperate state return may be required for each state. Most states start with Federal income, so you will generally need to attach a federal return to the state return. If you're treaty exempt at the federal level but not at the state level, may need to pro-forma a return to attach to the state return. You should really consult with a CA that knows international tax to assess the details of your situation to see what you need.
2010-06-13 09:37:15
thatguy: Depends, you need to file the 1120F for Federal - but depending on the type of work done, level of connection, facilities in the US, etc. determines if you're taxable at the federal level or protected from tax under the Canada-US Treaty. Then each state is looked at, the state return isn't combined with the federal return as it is in Canada where the provinces are filed with the Federal return so that you only need one return, depending on the type and level of work done in each state and whether the state follows the federal treaty (some do, some don't) a seperate state return may be required for each state. Most states start with Federal income, so you will generally need to attach a federal return to the state return. If you're treaty exempt at the federal level but not at the state level, may need to pro-forma a return to attach to the state return. You should really consult with a CA that knows international tax to assess the details of your situation to see what you need.
2010-06-13 09:37:15
ernesthinton: Me thinks you got it backwards:
A US Corporate Tax return is filed only once and it is a Federal Return. If you do business in one of our states, please check to see if your state has a requirement that you file any type of return...
I qualify to answer this query as I have worked for the IRS for over 16 years in my life..
2010-06-13 18:30:42
2010-06-13 18:30:42
StephenWeinstein: You file only one U.S. corporate tax return, because a "U.S." return is for the federal government, and not for any of the states. You may or may not also need to file returns for the states. So you might need to file as many as four separate corporate returns (one federal/U.S. and up to three state). In addition to the corporate returns, you may also need to file individual (personal) returns for yourself (the human, which is a separate entity for the business/corporation), and, again, might need up to four (one U.S./federal and up to three state). In summary, you may need as many as eight (four for you as a human, and four for the corporation).
2010-06-13 20:09:03
2010-06-13 20:09:03
tro: if your jobs were temporary, you probably will file a non resident return in those states, this should allocate the amount that is attributable to the state you worked in in comparison to the overall total
2010-06-13 20:30:26
2010-06-13 20:30:26