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But then: who am I to know?
The honest truth is this: lived in the States for 5 years, back in Europe now for two, continued with my little corp. making some revenue, spending some, overall (again: my take) 03 even, 04 will be some gain.
Now, being in Europe, accountable for a US corp. though, who do I trust to crunch the numbers with/for me?
I am making a bit more money now than last year and slowly wondering if I should save some money for taxes.
You should always put a set percentage aside for taxes as for all expenses (you do a running budget, right?!). If at year end some is still in the account, great; that is much better than a tax bill with nothing but cash flow to work with.
You do not say who/how your previous years accounts were done. Is there a reason not to use the same person/firm?
So, I practically just paid state taxes but no federal or revenue taxes as I do file my income taxes in Europe. That's why I need help, maybe I need to prepare for a battle about 2003 figures too.
One: contact a national (whichever European country you reside in) association for accountants and request information on members with US/EU tax knowledge.
Two: contact your local banker and request information on local accountants with US/EU tax knowledge.
Three: contact your banker and ask if they provide such services for clients (some EU banks do).
Four: contact the nearest US consulate and request information on accountants with US/EU tax knowledge.
Five: contact the nearest US consulate and request direct answers to your tax questions.
Six: contact family/friends in US to pester their accountants/banks for US accountants familiar with US/EU tax matters.
A businessperson is only as successful as his/her lawyer and accountant. Never set up office without them. You may be missing very substantial benefits between your business and personal tax standings.