Tax

Have a Tax Question? Ask a Tax Expert

Ask an Expert, Get an Answer ASAP!

Taxation Law Questions

What are Taxation Laws?

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 local government. A person has to file income taxes that are generated at the federal and state levels. There are many states and local governments that apply sale taxes 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 tax returns 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?

Double Taxation treaties 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 deductions 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 rules.

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.
Please type your question in the field below

3 verified Tax Professionals are online now

Tax Professionals on JustAnswer are verified through an extensive 8-step process including screening of licenses, certifications, education and/or employment. Learn more

Online
Wallstreet Esq.

Tax Attorney

Doctoral Degree

★★★★★
586 positive reviews
Online
Mark D

Enrolled Agent

Master's Degree

★★★★★
1300 positive reviews
Online
Richard

Tax Attorney

Doctoral Degree

★★★★★
4337 positive reviews
See all Tax Professionals
JustAnswer in the news:
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
Web sites like justanswer.com/legal
...leave nothing to chance.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.