1、Washington State, exempt from state income tax, taxation is more favorable, convenient to open a U.S. Bank account, convenient to receive postcards, low cost of registration and easy maintenance, annual audit and income tax filing can be done.
Washington State, registration fees, application for tax ID fees, opening an account can open a U.S. Bank, annual audit fees + income tax returns
2, California, convenient to open a U.S. account, convenient to receive postcards, but later maintenance costs are higher than an additional $ 800 state tax, the actual trade of many customers registered in this state, there is a transport port is more convenient.
California, registration fees, application fees for tax ID, open an account can open the East West Bank, annual audit fees + state tax $ 800 + income tax return (zero filing fees), if the customer does not have to open an account when registering, you do not have to apply for a tax ID, wait until the annual audit when the application for a tax ID to pay state tax and zero filing
3, Colorado, 1, registration fees are low, 2, maintenance is simple, ordinary companies only need to do the basic annual audit, 3, the state income tax rate is low, only 4% more. The disadvantage is: can not open a Chinese account and receive mail, the other are quite good.
Colorado, registration fees, annual audit fees (such as no account opening, etc. do not need to apply for a tax ID, and do not need to file income tax, the basic annual audit can be)
- Wyoming, free of state income tax, low registration cost. Can not open a Chinese American Bank
Wyoming, registration fees, annual audit fees (such as no account opening, etc. do not need to apply for a tax ID, and do not need to file income tax returns, the basic annual audit can be)
5, New York State, suitable for the jewelry and clothing industry, high visibility, can open Huamei. Two years to do an annual audit, the maintenance cost is lower
New York State registration fees, annual audit fees, two years to do an annual audit, but need to do a tax return every year, zero filing fees (including the basic state tax of $ 25) if the customer does not have to open an account when registered without first applying for a tax number, wait until the annual audit when the application for a tax number to pay state taxes and zero returns
There are four general categories of tax filings:
1. The company is established in a state with a basic tax, but has no business and is required to apply for a federal tax identification number, and must report no business to the IRS (i.e., zero return) and pay basic state taxes;
2. The company is established in a state with basic taxation and has business that requires a federal tax number and actually reports its corporate income, and the net profits are subject to federal and state taxes at the appropriate rates. If the calculated state tax amount exceeds the basic tax amount, the actual calculated state tax amount will be paid; if it is less than the basic tax amount, the basic tax amount will be paid;
3. If the company is established in a state without basic tax, it does not need to file a tax return without applying for a federal tax number, and the annual audit can be done according to the requirements;
4. If the company is established in a state with no basic tax and has applied for a federal tax number, it is recommended to file zero return and pay no tax.
5. Tax filing cycle
A. Natural year: until December 31
B. Annual year: up to the end of the last month of registration (e.g., for companies registered on June 5, up to May 31)