G2R Posted August 13, 2018 Report Share Posted August 13, 2018 I know this a very specific niche market, but I hoped there might be a few on here that have corporate clients in NYC. Two opinion questions really. 1. Obviously being taxed as an S-Corp is usually more advantageous than LLC Single or C-Corp because of SS/Med and double taxation. However, with NYC not recognizing the S-Corp status and charging the corporation tax on all NYC profits, that's nearly 9% due for those profits. I was wondering if anyone had any experience with Single member LLC's actually being MORE tax advantageous than the S-Corp simply because of the NYC taxation of S-Corps. 2. S-Corp client (lawyer) has a few clients that have offices in NYC, however the lawyer never travels to NYC. All his work is done from the office which is outside NYC. Since he doesn't have nexus in NYC, is he still required to pay NYC corporate tax on the revenue earned from NYC clients? Quote Link to comment Share on other sites More sharing options...
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