Hiring overseas consultant

Hi,

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?
  2. What will be the US tax liability for paying this overseas consultant? Thank You

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Reply to
chenthilk
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Yes. How much can you afford?

None for paying him; the payment to him might be deductible, or amortizable, or not. Seth

Reply to
Seth Breidbart

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