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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Cost of maintaining a legal shell company?

What it says on the tin: what is a ballpark figure for the annual cost (if any) of maintaining a shell company (probably in OR, maybe in WA)? All I really need is a name and tax id. A few times I've ...
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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 is value of intellectual property decided?

This question is with respect to tax law in India(you may also answer with respect to USA).If someone makes a software then popularizes it .The person has invested RS 100000 in making tghe software ...
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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
55 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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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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26 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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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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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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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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108 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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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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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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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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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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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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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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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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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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394 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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64 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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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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56 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
135 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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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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29 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
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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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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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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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55 views

Tax on Prepared Food For Dinner Theater Events in Michigan and Indiana [closed]

I am an event producer who partners with banquet spaces to produce dinner theater events in Michigan and Indiana. The guests pay me for admission, which includes food. I pay the banquet space for the ...
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What taxes would a major corporation have to pay for their first remote hire inside of California?

Let's say there was a billion-dollar company. And they wanted to hire someone who was paid $100,000 in California as a W-2 employee. They previously had no one employee in California. What fees are ...
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Tax implications when assigning a patent application to a non-US company?

When a US company transfers ownership for a pending patent application via an assignment to a company outside the US, say for 1 Dollar, are there any tax implications to worry about? As for the 1 ...
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Does Justice Roberts Obamacare opinion contradict itself?

Chief Justice Roberts' opinion in National Federation of Independent Business v. Sebelius upheld the ACA individual mandate as a tax. Disagreeing with the joint dissenters (Alito, Thomas, Kennedy, and ...
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Can an EU country claim tax fees of an orphan pension refund of times where the affected person resided in another?

Explanation at the example case: Person A is an orphan and was moved from an EU country X to another EU country Y. Lately, after a few years his pension claims were successful and he has received a ...
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When must an employer issue a Record of Employment in Canada?

I had worked for a company but my contract ended in January. I had since done other work but the industry has been shutdown by COVID-19. I applied for Employment Insurance (EI). Part of it requires ...
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1answer
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W-4 filled out, no taxes take out of paycheck?

I filled out a w4 upon hire and employer never took taxes out of my check. Is it legal for them to have a w4 on file and not take taxes out your paycheck? ETA: Exempt was not specified on the W-4 and ...
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138 views

How exactly is founder stock created?

Suppose that I found a C corporation, Superlative Widgets Inc., within the U.S. I would like to both fund the corporation and issue myself 100,000 shares in a way that avoids or minimizes my personal ...
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Tax Implication of COVID-19 Induced Remote Employment

A U.S. company has instructed it's employees to work from home for a period extending 4 weeks following city and state guidelines as a necessary precaution in response to COVID-19. Subsequently ...
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Is a minor liable to pay old dues to his father on attaining majority?

I had some stepfathers and an equal number of fostermothers in my life. My Stepfathers used to work in customs and central excise department of the government of INDIA. They used to be transferred ...
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What article implies that foreign non-EU citizens have to pay VAT for goods and services purchased online?

I'm a Russian citizen. I've noticed that literally all online EU shops and service providers (e.g. web hosting) add VAT to the price. I've spent some time looking for an article that implicitly states ...
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Is there really a German law that requires that credit card companies *only* provide statements in read-only format?

I live in Germany and have a German €-denominated credit card. I used to download my monthly transactions in CSV format, but after a recent web site redesign, the new credit card web site only allows ...
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Is it legal to crowdfund the cash prize that would be payed to the winner of a 1-on-1 sporting event?

I am personally planning to build a donation-based crowdfunding sporting (like chess, shogi, go, etc.) website . I would like to know if it is legal to gather donation from the users then pay the ...
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60 views

How does paying income taxes work in the US?

I don't have a well defined idea on how the tax system works in the US, the few things I know is that they are paid to the IRS every amount of time (yearly probably) that there's an interest/...

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