Tax Professionals – Can You Answer This Question?

Tax Question -Wyoming, New York, Delaware

TaxConnections is reaching out to our community of tax experts to help answer a tax question for one of our site visitors. Your advice will be most appreciated. Can you help?

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“What would be the taxes (corporate and individual to shareholders upon dividends) on ordinary income in the following org structure: NY resident 100% owner of a Wyoming corporation ->Wyoming Corporation 100% owner of a DE LLC –> DE LLC generates ordinary income from interest, fees and rents. The DE LLC is doing business in NY.”

 

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