Questions tagged [tax-law]

Dealing with the constitutional, common-law, statutory, tax treaty, and regulatory rules that constitute the law applicable to taxation.

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25 views

U.S. nonresident alien W-8BEN form: eligibility for treaty benefits [closed]

I have included as many details as possible since I have no idea what might actually be useful: Within the period from (early) July 2020 to (end of) September 2020, I worked remotely as a Research ...
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1answer
72 views

Is a company liable if an employee illegally works across the border? [closed]

As a US based company, if an employee illegally works from a foreign country in violation of company policy, will the company be held liable for taxes and fines for this action? If the company is held ...
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1answer
97 views

Has my LLC been erroneously fined by the IRS? [closed]

I am one of three partners in a Delaware LLC that is effectively defunct (we haven't actually done business since 2015, but haven't officially dissolved it). I recently received a letter from ...
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1answer
64 views

Are foreign *assets* (not income), pre-dating moving to the US, taxable?

A person who immigrated to the US 10 years ago still has two bank accounts abroad that she did not close. No money has been added to the accounts since then, there was no activity and no interest ...
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Moving to Germany - Einküfte/income before the move in the Steuererklärung/tax reclaim

I hope someone would help me in this matter. In 2020 I was in Poland for the first seven months, and then, since August, I'm in Germany. I have received income from employment in both countries, in ...
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1answer
58 views

Is there a penalty for late registration of self employed status in Germany?

I believe it is the case (please correct me if this is wrong) that if someone earns money in Germany on a self-employed basis, then they are supposed to register as self-employed with the local ...
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1answer
85 views

In the State of NY, if I have no income, but I have a house — do I need to pay property tax?

If I need to pay property tax on the house, are there any exemptions, based on the fact that I have no income? Is it relevant what the tax assessment of the house is? When I look at houses in house ...
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2answers
42 views

How does international income taxes work when the buying intermediary platform is in the United States and recipient corporation's country is India?

The question is a bit broad. Assume a person A buys something in Europe. This is a digital product which is sold through a platform provided by an American company. After sales are made the final ...
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27 views

Taxing companies owned domestically, but registered abroad

In a book by economists Saez and Zucman, they state the following: In 1936, dozens of wealthy Americans had created offshore shell companies, to which they had transferred the ownership of their ...
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1answer
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Non resident tax while working remotely

I am an F1 student on OPT and my employer is based out of Washington. This would be my only source of income. Given the remote work situation now, I am planning to stay in a different state and work. ...
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1answer
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Apportion of revenue tax: how would it be implemented?

The following is a quote of The Triumph of Injustice by Saez and Zucman. According to the Constitution, direct taxes had to be apportioned among the states according to the population of each state. ...
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1answer
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Is there any doubt about crypto-currency and like-kind exchanges?

If I sell crypto, can I purchase new crypto and avoid paying capital gains tax on it? It seems the IRS is very clear about it, Under the Tax Cuts and Jobs Act, Section 1031 now applies only to ...
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When did U.S. tax code limit the personal Capital Loss Deduction to $3000?

Beginning in the late 1970s, after capital losses offset capital gains dollar for dollar, the allowable deduction on the IRS 1040 form for capital losses coming from Schedule D was $3000. The same is ...
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2answers
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If a state seceded from the United States, would its residents still owe US federal income tax under US law? [closed]

Assume Texas' threat to form a union of states materializes and those states break away and begin levying their own taxes. The USA continues to claim that territory but has no de facto control. Are ...
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1answer
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Are corporation assets included on IRS offer in compromise (form 433-A)?

In the IRS offer in compromise process, the individual fills out the 433-A form that lists their personal assets. What if the individual is the sole shareholder of a standalone, incorporated business?...
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2answers
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Do you have to pay tax on money received after a friend/family repays money you lent them?

So if I lend a friend/family like 5k$, do I have to pay tax on that money when my friend/family pays it back to me? A more concrete example: my brother in the USA would send us let's say 5k$ for some ...
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1answer
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Limitations for importing from China to US

If a US small business company would want to import products from China ( possibly tax-free or low-tax, mostly beauty, cosmetics and fashion products - below $10,000), what are the limitations, taxes, ...
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How distinct (un-continental) are the UK tax and accounting law and court decisions in tax and accounting cases?

UK has common law system which is based on the case law. But meanwhile there is ongoing efforts to codify some laws - e.g. there is https://www.legislation.gov.uk/ukpga/1994/23/contents Value Added ...
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1answer
58 views

Can a government tax foreign activity that does not involve its citizens or residents?

Say a law is passed in the United States that purports to tax the Canadian government on its income, or to tax a Canadian citizen for activity in Canada. That is: regardless of current tax ...
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3answers
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Is the United States federal income tax an indirect tax under the 5th amendment?

I'm no American citizen, so I don't know that much about all the ins and outs of the Constitution. I've been watching a movie where one of the characters called the federal income tax "...
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1answer
28 views

Income tax on a foreign bank account

I live in Kuwait, a zero-tax country. I work remotely for a US company, my income is deposited to my Kuwaiti bank account, and I've never paid a penny of tax in my life, but I'm planing to immigrate ...
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Am I subject to an “Ad Velorum” tax penalty for an unused, out-of-state vehicle?

I changed my permanent residency from South Carolina to Georgia on 04/21/2020, as that was when I had a Georgia license issued. I've lived in Georgia in a leased apartment since then. My car, however, ...
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1answer
248 views

What happens to a dissolving corporation that cannot afford to pay its franchise tax fees?

What happens to a corporation, or any of its executives, when that corporation is dissolving but has unpaid state franchise tax fees that it does not have the assets to pay? Can these corporation ...
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1answer
34 views

Filing Requirements for a Federal EIN

I am part of a university student organisation in Texas, and we have an EIN, a bank account, and a PayPal account. We only exist at one university, and are not affiliated or associated with any larger ...
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Who benefits of a tax reduction in subscription businesses? The company or the client?

Last year a client signed up for a yearly subscription of my product. He paid 14,99 € with 19 % taxes included. This year the taxes are only 5 %. How much does the client pay? Why I asked: PayPal ...
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63 views

Destination-based sales tax collection. What if you do not know the destination's address?

A scenario: I am selling online software and I provide advanced features for premium members. As far as I understand I do not ship or deliver anything physically. I also do not ask customers for their ...
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1answer
144 views

Can 501(c)(3) nonprofits sell goods and services like a for-profit?

United States/NY state here. I would like to form a business entity whose primary purpose will be helping the public at large with a very specific charitable cause. This will be a 501(c)(3) charitable ...
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1answer
33 views

Are all nonprofits tax exempt or can there be charitable + tax-paying nonprofits?

United States/NY state here, if it makes a difference. My understanding is that there is a difference between a nonprofit corporation and its tax status. As I understand it, I can form a charitable ...
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1answer
177 views

Employer forgot to take taxes out of severance; now demanding it back or legal action. Can I just settle it with IRS?

I was laid off back in March due to COVID. My employer messed up and delayed our severance payments, so instead, they offered to cancel the original checks and send us all wire payments. When we got ...
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CPA leaked tax return details

A CPA that is supposedly working on my Tax application accidentally has uploaded some other people tax applications to my account on their "secured" platform. Now I am very worried that they ...
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1answer
53 views

Tariffs for ordering goods from switzerland to Germany

I am a passionate Magic: The Gathering player and as is commonly known some of the older cards can have values of 100€ of euros. I am thinking about ordering such a card from switzerland for the price ...
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My friend has alot of cash (about 55K in $100s) on hand and is afraid to put it in a bank. Should he be? [closed]

My friend was paralyzed from an injury when he was a teenager (about 30 years ago now). He has amassed about 55K in cash from being a small time marijuana dealer. He literally keeps it next to him at ...
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Friend using my address for tax return

If a friend uses my home address for his tax return, and he owes the IRS tons of money, will I be liable in any way? Also normally would it be a problem if he filed a tax return with my address, and I ...
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1answer
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OECD model tax convention: changing residence mid-month

OECD model tax convention and its commentary serves as a basis for many Double Taxation Agreements between European countries. How, typically, is a person P taxed according to the tax convention in ...
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2answers
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Period present in the country from OECD model tax convention

In the model OECD tax convention, which is a base for many European double taxation agreements, article 15. 2a) states a condition under which a person living in country A but working for a company ...
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1answer
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What is the legal & tax position of a UK person working remotely for UK firm, in non-UK locations, in Europe and globally?

This question is inspired by this question on travel.stackexchange.com. I am mainly asking about a UK viewpoint, but am interested others (Europe, USA, commonwealth, etc), because at its root, this is ...
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1answer
59 views

Sharing ad revenue [closed]

My friend and I own a website which hosts fan-created content for a video game (character skins, etc.), and make around 800$/month in ad revenue, which we're splitting 50/50. To thank the people ...
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1answer
87 views

Barrister in the UK

I have had an interest in taxation throughout my adult life, and I recently stumbled upon a position at a Chambers to do exactly that, and they also pay for me to become a Barrister. If I eventually ...
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1answer
452 views

How many years could Chauvin get for tax fraud?

Derek Chauvin was charged with nine counts of felony tax fraud. I looked up the maximum sentence for tax evasion. It is five years. Does this mean that, from taxes alone, Chauvin is eligible for 45 ...
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1answer
65 views

Do I have to pay taxes if I register the domain but the website income belongs to someone else?

If I am the registrar of the website domain name, meanwhile the website/business is running and registered in another country, who is obliged to pay taxes for the income of business, me as registrar ...
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2answers
70 views

Income tax bracket threshold for zero tax in the US and regarding no income at all

(1) I am trying to find out whether one has to file any income tax if they are an American citizen permanently living abroad but having literally no income? (2) While trying to search about this on ...
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Does apply Single Tax Principle in that situation?

Does apply Single Tax Principle in that situation: Person is citizen of Chile, but currently lives and has residence in Ukraine and works remotely meanwhile Chile. Does he need pay taxes in Ukraine?
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85 views

Do I need to pay duties when bringing items into country for storage?

I have a very interesting situation. I have a whole bunch of product cartons at Amazon warehouses in US right now. They were imported from China and duties were paid upon importing to US. I am not ...
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3answers
139 views

Is it common that a country has a law that supports additional taxing for national media?

An European country Slovenia (That small thing east of Italy) has a law that basically forces each household to pay additional tax each month for national radio-and-tv station. The amount is fixed to ...
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1answer
95 views

Can I pay sales taxes directly to the state instead of paying them to merchants?

A number of news reports have indicated that merchants who collect state sales taxes delay paying them for an indefinite amount of time and often pay them out of the following months' revenues. This ...
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1answer
31 views

Capital gains tax on half a house?

My mother and I jointly own a house in Nevada. It's her primary residence, but not mine. Is there any way to legally avoid paying capital gains tax if the house is sold either because my mother wants ...
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2answers
51 views

How to calculate currency conversion for USA consumption tax (sales tax) reporting

I have been told, that an overseas company selling in USA need to collect consumption tax and pay it back to US. However, our company is going to charge our customers in Australian dollars. Thus, to ...
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What constitutes 'pre-existing structure' in a tax abatement?

I recently purchased a new construction condo in Philadelphia, PA which is subject to a tax abatement via Philadelphia Ordinance 1456-A. According to a document I have from the City of Philadelphia's ...
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1answer
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USA: What happens if I do not file form 990 for a nonprofit?

I have a nonprofit that I cannot liquidate because I do not have a US credit card to pay for liquidation. (I paid for another person to liqudate it for me, but Colorado Secretary of State office ...
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94 views

Which US states penalize an employer if they withhold taxes for the wrong state for one of the employees?

Which US states penalize an employer if they withhold taxes for the wrong state for one of their employees? (withhold in California, but employee was in a different state: I'm interested in any US ...

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