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> Based on this reading if I take my MA incorporated LLC and move to another state I'm still supposed to pay a chunk of income tax to MA? Works that way everyw
by snuxoll 6y ago
> Based on this reading if I take my MA incorporated LLC and move to another state I'm still supposed to pay a chunk of income tax to MA?
Works that way everywhere. I’ve done planning on how to move my LLC used for odd jobs without having to get a new EIN just in case.
- neltnerb 6y agoAt least in MA, if I have no physical presence and made no revenue here I wouldn't have to register as a foreign corporation. I know that for sure. I hope it's similar for other states... Wasn't there a big deal about amazon avoiding even paying sales tax when shipping goods to a state that they didn't have a physical presence in? I have been assuming that providing a service to a client in another state while in MA would just be taxed in MA, the IRS certainly knows all about it but I don't know what business the other state would have given that I have no physical presence there.
- jcranmer 6y agoSouth Dakota v Wayfair (2018) overturned the principle that you needed a physical nexus to levy sales tax.
- neltnerb 6y agoI guess I'm assuming design services aren't taxable anywhere else either since it's not a physical good but yeah, maybe should look closer just in case. It's never even crossed my mind to be honest.