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Yep, that's because Stripe Atlas sets up a c-corp. They set up a lot of companies for non-US citizens, and you have to be a US citizen or resident to set up an
by nathan_f77 9y ago
Yep, that's because Stripe Atlas sets up a c-corp. They set up a lot of companies for non-US citizens, and you have to be a US citizen or resident to set up an s-corp. S-corps don't need to file corporate income taxes at all, because all income is passed through to the owners.
I've just realized that my market is actually non-US citizens who set up a US company (via Stripe Atlas or something else.) On the other hand, maybe I could also help US citizens fill out their individual tax returns (Form 1040), if their only income is from a SaaS product. The bookkeeping piece could still be useful. I might charge something like $150 per year, or $15 per month, and you wouldn't need to hire that CPA for $200.
Thanks, that was extremely helpful!
- sharemywin 9y agothere are plenty of online sites for filing 1040s: here's a list of efiling companies for 1120s: https://www.irs.gov/e-file-providers/tax-year-2016-1120x-and-7004-modernized-efile-mef-providers https://www.irs.gov/e-file-providers/tax-year-2016-1120x-and... here's a developer conference: https://www.irs.gov/2017-software-developers-conference https://www.irs.gov/2017-software-developers-conference