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Posted by Seth Breidbart on March 7, 2007, 4:49 am
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>
> I have a S Corp and I am the only employee. I am planning to
> expand my business in India. Thinking of hiring a conultant
> in India who will do a business study. My questions are:
>
> 1. Can I pay the consultant in USD? Any limits on how much
> can be paid?
Yes. How much can you afford?
> 2. What will be the US tax liability for paying this
> overseas consultant?
None for paying him; the payment to him might be deductible,
or amortizable, or not.
Seth
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