Questions tagged [income-tax]
The income-tax tag has no usage guidance.
11
questions with no upvoted or accepted answers
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Tax Responsibility - American Remote Work in Toronto
I'm an American software developer working for an American financial services company that only services American citizens and permanent residents. I am a remote worker who lives and works in Michigan....
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Tax treaty between UK and USA: Article 20A
I am a UK citizen who has just finished working in the US after <2 years. I have claiming tax treaty benefits using article 20a as I am a J1 research scholar. However, I wasn't present in the UK ...
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EIN number(s) for an Estate - Are two needed?
A person dies with money in individual brokerage accounts and a living revocable trust which has brokerage accounts.
Given these facts, it is my claim that to settle the estate, you should get two EIN ...
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Proceeds from a law suit and taxes
Suppose that an investor has owned the XYZ stock for a long period of time. It is then taken over by the ABC company and the investor has a long term capital gain. A couple of years later, a class ...
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Is the effective tax rate for a digital nomad living in portugal 10%?
I read online that someone who earns over ~2800 euros per month can live on a digital nomad visa in Portugal and:
There are several advantages: no taxes on foreign income; 20% tax on income earned in ...
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Is money received via crowdfunding or from friends for medical treatment taxable in India?
This question pertains to income tax in India. Suppose a person receives some money via crowdfunding. This may have been through a crowdfunding website, or from friends by sharing messages on WhatsApp ...
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Am I French Tax Resident
I moved to London from Paris in March 2021 while my wife and son are still in Paris. I was assuming that I am a UK resident for tax purposes till I came across "the definition of 'domicile fiscal'...
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Living Revocable Trust and Death
If a person dies with a living revocable trust then that trust becomes irrevocable at the date of death. When it becomes irrevocable, does the date the trust was created change?
That is, if a person ...
- 1,165
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Trust Income tax and distributions
A hypothetical person has an irrevocable trust fund set up for him when his/her parents die. The adult child is the sole beneficiary of the trust and the sole trustee. He has a general power of ...
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What can be reported on Schedule 1 (1040) Line 24z?
Schedule 1 of the 1040 U.S. individual income tax return for tax year 2022 has a line in part II, 24z, which says only "Other adjustments. List type and amount". The instructions for that ...
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When exactly does UK self-assessment tax accrue?
In the UK, "Self-assessed income tax (for those who pay by instalments) will be deemed to accrue evenly over the tax year in which the relevant accounting period ends. The accrual will be
based ...
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