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About John Stancil, CPA
Expertise
I can answer questions on personal income taxes, partnerships, and some corporate income taxes. I can deal with some state tax questions. Limited gift and estate tax questions. I am also familiar with ministerial and church tax reporting issues. I teach tax and accounting at a small church-related college. Sales taxes and property taxes are state and local issues so I am not likely be be able to give you an in depth answer on those types of taxes. I have maintained a part time tax practice for over 30 years. I am a member of the AICPA, National Society of Tax Professionals, and the Institute of Management Accountants.

Experience
I hold a doctorate in Accounting, and four professional certifications: CPA, CMA, CFM, and CIA. I passed all certification examinations on the first attempt, and received honorable mention for my scores on the CIA exam. I write a monthly tax column for the local newspaper.
 
   

You are here:  Experts > Business > Corporate Law > Tax Law (Questions About Taxes) > TAXES LLC

Topic: Tax Law (Questions About Taxes)



Expert: John Stancil, CPA
Date: 7/7/2008
Subject: TAXES LLC

Question
John,

I am writing to you to ask as I have an online business I suppose to provide my service over all states of the US. How I pay taxes?. How the IRS identify the source of the incomes, if they are from NJ or CA??. Can I apply for my LLC in Nevada and do online business in all the US??. What happens with the taxes in Nevada?. Regards,

Ignacio.

Answer
Ignacio,

Thanks for your question.

The IRS is not concerned with identifying the source of the income, just that you report it.

You can set up your LLC in whatever state you desire (simplest if you do your state of residence), you will pay state taxes based on your state of residence.

Hope this helps.

John Stancil, CPA


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