Tax Question

Discussion in 'Chit Chat' started by Scalper007, Mar 28, 2007.

  1. My dad has a diamond business in nyc and he is thinking about incorporating in Delaware to save state tax. But I think even if he incorporates in Delaware, he'd have to pay NY state taxes since his business is located in New York.

    And even if his business is in delaware, I am saying that Delaware will still charge state tax. I see no tax advantage in forming a corporation in Delaware. But my dad thinks otherwise and he says he has to consult an accountant..

    But in the mean time, I just want to know if I am right. Am I?
  2. just started this thread and its not on the front page...trying again