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International small business

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Money Talk > Taxes

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Newb22
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International small business  Reply with quote  

Hi

Last week I got news that my uncle in India died and he left his restaurant that he ran there to me. I currently reside and work in nj and I wanted to know how I can bring the income that the restaurant makes over here. It makes close to $9k per month and my uncle paid Indian income tax. So now do I have to pay both Indian and US taxes on that income to use it?

Thanks
Post Sat Apr 27, 2013 11:08 am
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Publius
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I am a big believer in being informed and handling as much as possible in my financial life myself. However, when my wife and I got to the point that we had income from more than one source in more than one state, I got a good CPA to handle my return. I would think $9k monthly income that needs to cross continental lines certainly justifies the expense of hiring a pro.
Post Sat May 04, 2013 8:02 pm
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pezlindalo
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With so many students out there looking for internships and experience, it certainly should not be that hard to find an intern. You can easily find an intern in places like Craigs's list or by running an ad in your local newspaper, but the quality of applicants will not be that high. At InternProfits, we personally like to approach colleges and universities as we find them to be the best places to find the highest caliber interns.
Post Tue Aug 13, 2013 9:49 am
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JohnsonJohn
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International small business are best for improving business skills and i prefer small scale business for this and it ultimately supports skills and one can easily improve business skills by starting such sort of business.
Post Mon Sep 02, 2013 4:53 pm
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