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Taxation Law Questions
What are Taxation Laws?
have certain guidelines that require people to pay the government at a federal and state level. The Taxation Laws are very important and is heavily sought after at the levels of the state and
government. A person has to file
that are generated at the federal and state levels. There are many states and local governments that apply sale
within the states that the person regulates. Read below where the Experts have answered many questions dealing with the taxation laws.
If an individual has a foreign software company where they transfer funds via PayPal does this individual have to pay taxes in America for this income, and if they do pay taxes will they also have to pay taxes in their country?
If the foreign company establishes a United States based company that wants to open a bank account in the United States; the foreign company will have to file a tax return at the time that taxes are due by the owners of the company. Information will have to be filed to keep up with the records of fiances that are gained by the company. The company will also have to pay income taxes on the income of what is gained in that particular foreign company. A tax treaty was established to give credit on the
filed that is paid to the United States to avoid the taxation being doubled.
If a person starts a business in Monaco and work in other countries will the invoices be subject to Resident Withholding Tax in other countries and is this Double Taxation Agreements?
in Monaco are connected with the countries of Luxembourg and Qatar that were enacted in May and June 2010. Monaco and the country of Germany had co-existed in that the jurisdiction will cooperate in having information that is for purposes of taxation. Also, Monaco also has a treaty with Australia that involves double taxation. There are some countries that tax the income of where the source is coming from and if the person that wants to start the business is actually in that country. There would have to be research conducted to figure out information about countries that the person wants to do business with before any type of income is gained in that particular country.
If a person of a foreign company has a job in a New York that is based to work in London on a full time basis, would the person pay tax on salary in New York?
If the person is not a citizen of the United States and don’t live in the United States; taxes can’t be paid to the United States at all. The person will still have to pay United Kingdom taxes and the person will also have to pay income taxes in French as well.
If a Hungarian legal entity want to become a taxpayer in the Florida, after how many days of conducting business in Florida would it have establish a place of business in there and what rules apply to private individuals?
There are many tax treaties that the United States has developed with different foreign countries. Under the double taxation treaty, people that live in those countries have tax
or they may be exempt from having to pay United State taxes on things that the people may receive in the United States. There is a Tax Treaty between the United States and Hungary that apply to the Taxation treaty
There are Taxation Laws that are set to make sure that United States citizens and as well as the citizens of foreign companies are treated fairly. Strict rules apply to these specific laws and it’s important to make sure that the laws are fairly distributed. What are Taxation Laws? What is Double Taxation? These and many more issues with Taxation Laws can be discussed with the Experts.
Recent Taxation Questions
My wife was my adult son's rep payee. He received SSDI for
My wife was my adult son's rep payee. He received SSDI for 2015 and past away in Aug 2015 and no earned income. His only income was the monthly SSDI of about $12,000 for 2015 and he lived alone. My wife and I will be filing jointly. I also receive SSDI
plus veterans disability and no earned income. My wife gets social security income of about $13000 for 2015 and about $2000 earned income. Here are my questions: 1. What income, if any do we include on our joint return as related to her duties as my son's
rep payee? 2. Do we include my SSDI and VA Disability income on our return? 3. Must I file a final return for my son?
What does are the benefits of turning rental property into
What does are the benefits of turning rental property into a corporation other than a liability standpoint? I am concerned with not being able to get a substantial return at the end of each year for the losses as I do now. I am not making money on this specific property and either break even or suffer a loss. I am concerned when switching I will be unable to get my a decent return. Woild you recommend leaving it as is?
I am in North Carolina, and my small business is a chapter
I am in North Carolina, and my small business is a chapter S corporation. I pay myself as the owner via a dividend, and file a schedule K1 for my taxes each year.
I am getting ready to retire (and will collect social security each month), and I want my wife to take over as president (she is below retirement age), and also, take over my small salary as she assumes those duties. Legally, what do I have to do to: 1) Change the ownership of the corporation to her (I think now I am president and she is vice president, but I would reverse that and assume a non paying position as she is now), and, 2) do I need to file or do anything for tax purposes that would allow her to take my salary now and file the K1 form instead of her?
And if these things are possible, what are the proper steps to assure I don't mess up the corporation in any way, or my ability to collect my social security (and have to pay tax on it). I will not be working any more, just my wife. thanks. *****
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