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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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Do I have to pay taxes on external savings?

I am thinking about moving to Canada to work, save for retirement, and move back to Portugal for retirement because of the lower cost of living. I will contribute to the Canada Pension Plan and also ...
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1answer
51 views

Who gets the tax credit, if I say yes to “Would you like to donate a dollar to xyz” at the cashier of a shop in the U.S.A.?

I often get asked by some fast food restaurants and other businesses to make a donation to such and such cause when I try to pay at the cashier. If I say yes, who gets the tax credit? Me or the ...
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1answer
102 views

Is it legal for tax company to fail to protect my tax info from former spouse?

I file taxes with H&R Block. I divorced in 2016. My ex-spouse logged into H&R Block 4/13/19 and was able to view my 2016 and 2017 taxes. An H&R Block associate instructed me to contact ...
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1answer
77 views

Are there legal consequences if Trump's tax returns are not handed over?

In an April 13 letter that appeared to move Democrats closer to a federal court battle against the Trump administration, House Ways and Means Committee Chairman Richard Neal warned the IRS that ...
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2answers
34 views

Tax treaty and residence country taxation

Suppose you are a scholar that has a contract at a university in state S for less than 2 years, and you are resident in your home country, say Italy. Then you successfully apply for tax treaty ...
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125 views

Why Elizabeth Warren effective tax rate is 22% and not 30% on $900k income [closed]

Today US Senator Elizabeth Warren released her family's tax returns, as reported here by LA Times. Article says that: Democratic presidential candidate Elizabeth Warren has released her tax ...
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3answers
58 views

Taxation in the U.S. for non-residents living abroad [closed]

I have the opportunity to get a small share of an acquaintance's LLC in the U.S. in exchange for some services. However, I am not a U.S. citizen or a resident of the U.S. - in fact, I have never been. ...
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2answers
108 views

Can I give money to another to give to charity, so she gets a deduction?

This is a question about Step Transactions. IRS, USA. Suppose I am retired and of limited income, so my tax bracket is about 10% and I don't itemize. I want to give $10,000 to a 501(c)(3) ...
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1answer
43 views

Would “ex post facto” apply to tax deduction laws?

Yesterday I had a discussion with my colleague. This year I am traveling rather large distances for work. My colleague asked me how I can bear the costs of travel. I told her it is ok, because the ...
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31 views

Sales tax nexus in Illinois for a “startup”?

I had a question around whether I would fall into sales tax nexus in Illinois. I have read through Illinois’ Revenue and tax information(https://www2.illinois.gov/rev/Businesses/Pages/default.aspx) ...
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44 views

How did the US enforce citizenship-based taxation before FATCA?

In 2010, Barack Obama signed "FATCA" (which has since been widely derided as a disaster) into law. FATCA essentially forces all banks in the world to help the US identify Americans who have money ...
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3answers
88 views

Is there a legal principle regarding laws that cannot reasonably be complied with?

Is there any concept in the legal world that covers laws that are too difficult or impractical to comply with? Here's an example; suppose an American moves to the UK and buys a house. The mortgage is ...
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5answers
111 views

Does a company or an employee have to pay income tax?

Here is a hypothetical situation: A person worked in company A for first 9 months in a year. They paid income tax for him. The remaining 3 months he worked in company B. This company assumed that the ...
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2answers
129 views

Can multiple states demand income tax from an LLC?

We are a Utah LLC providing SAAS (software as service) on cloud available to all US market. Wisconsin Dept of Rev. has assessed our LLC for partnership income tax, because they claim our company has ...
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1answer
73 views

Is a Florida corporation that shows no profit or losses required to file taxes?

A company is incorporated in the state of Florida; it was formed by a wantrepreneur. This company has no employees, no location, no profits, and no losses; the only proof this company exists is on ...
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1answer
38 views

Can EU companies legally circumvent charging VAT by using a foreign subsidiary?

Could an EU company open a subsidiary company outside of the EU and legally sell its services through it to citizens living in the EU?
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1answer
16 views

Designer starting business and what area of laws to investigate

What arrears of laws would be best to investigate if I am trying to open a original design business (flyers, graphic tees, paper products)? Contract law,Business law, Copyright law? Specific ...
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2answers
107 views

Am I a taxable business?

I work for a company based in Massachusetts but I work off site in Connecticut. I rent an office to work from in the town where I live because I don't have adequate space for a home office. Recently,...
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1answer
47 views

For products shipped across state lines, who gets the taxes?

Let's say a company registered in Delaware manufactures its products in Texas and sells them around the country online, and in person in New York. What taxes, and from which state(s), apply when ...
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1answer
113 views

Do teens have to pay tax for the funds they get from crowdfunding?

So Kickstarter allows non-adults to start a fundraising campaign with parents agreement. But how about the taxes after they (teens) received their funds? What type of taxes does Kickstarter's funds ...
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0answers
20 views

Can reporting illegal income be used as incriminating evidence? [duplicate]

As we all know, in the United States it is required to report and pay taxes on income obtained illegally. Can the fact that this income is mentioned on a person's tax return be used as evidence that ...
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0answers
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Holding Period Algorithms and the Blockchain

According to this interview, taxation holding periods in the United States for cryptocurrency can be determined by FIFO (First In First Out), LIFO (Last In First Out), or a more flexible option called ...
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0answers
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How to split Rent-a-Room scheme tax exemptions with joint owners

My brother and I bought a house together. I own 60% and he owns 40% (this is on the deeds). I live in the house and he does not. I have two lodgers living with me, who pay rent. Typically one is ...
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1answer
128 views

Identity Leakage - Universal Financials

I did my 2018 tax return with Universal Financials, LLC, and I got my tax review copy online. Then one of my colleague came and said he also did tax return filing through the same agency and he got my ...
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1answer
77 views

What should you do if you mistakenly charge personal expenses to a company debit card?

If someone accidentally uses the business (LLC) bank account for a personal expense, what does he/she need to do rectify the problem from a tax/legal perspective? Is it as simple as having the person ...
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1answer
152 views

Can I pay less taxes because of the government shutdown?

It's my understanding that the role of taxation is to maintain a functional government. At this time, I suspect that the U.S. government is saving quite a bit of money by not paying some subset of its ...
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2answers
190 views

Does the government have to accept cash for taxes?

If a government entity assesses a tax, does that entity have to accept cash and/or coins, or can they refuse such payments and demand check or card? Assume that it is perfectly normal to pay this tax ...
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2answers
55 views

Tax law and holding accounts (like Kickstarter)

Kickstarter is a simple example to highlight the question. Let's say I'm Kickstarter's malformed cousin Rickstarter and someone is raising 100k for a project between November and April on my site. ...
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0answers
15 views

Telecommuter tax burden - California worker for a Pennsylvania company

I am a California resident working remotely for a Pennsylvania company. My bi-weekly pay stub shows withholdings for PA state unemployment insurance. I don't see any withholdings for either the ...
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1answer
30 views

Is there any country where wealth inheritance is taxed or restricted?

Is there any country where wealth inheritance is either taxed or restricted? How and how much?
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0answers
38 views

is a state-run monopoly a market participant?

Hypo: A state wishes to tax alcohol to raise revenue while at the same time protect their local producers. They have settled on accomplishing this by prohibiting the sale of liquor in privately-owned ...
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3answers
217 views

How can the the USA legally ask illegal immigrants to pay taxes while denying them any legal basis of citizenship?

According to a report released by The Institute of Taxation and Economic Policy in February 2016, they state that: 11 million illegal immigrants in the United States are paying annually an ...
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1answer
33 views

Open transactions: how to get open transaction treatment in US tax law?

In tax law class we said that getting open transactions is highly unusual; there are sophisticated ways of estimating future revenues so a truly indeterminate stream of revenue is not likely. But I ...
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1answer
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What are “US Business Activities” and “Effectively connected income”, again?

I know this is a confusing matter and there's been number of questions here and articles elsewhere, but maybe it would be simpler in the situation explained below. Assume there's a non-US company ...
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1answer
51 views

Is there tax in Michigan for packaged food (steaks) sold door to door?

I had some guys come to my door last week to sell some frozen steaks in vacuum packages. They said they would have to charge tax on the retail value. Is this correct?
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1answer
95 views

Why is English law so important to finance?

What are the features of the English law that make it so indisposable to international finance and particularly offshore companies? I've recently bumped into this passage when reading about Cyprus, ...
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0answers
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Will Alimony Payments be Tax Deductible if a Support Agreement is Signed in 2018 but not Actually Ordered by the Court until 2019?

I know that starting in 2019, alimony payments are no longer tax deductible, but that agreements entered into before 2019 are grandfathered in. What counts as entering into an agreement for this ...
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1answer
30 views

Under what circumstances do you have to report the income of your LLC for the state of Michigan and how often?

Under what circumstances you have to report the income of your LLC and how often in the state of Michigan? I have a friend with a business license operating an LLC in Michigan and he told me that he ...
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3answers
133 views

If I don't live in a school zone, I shouldn't have to pay for that school's property taxes, correct?

My wife and I bought a house this year. We live just outside of my cities municipal school zone. We don't have any kids so we didn't think much of looking into the school zone maps when we moved. ...
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1answer
25 views

Is it legal for a non-profit to omit the salaries of their deputy director and other lower level directors on Form 990?

I'm looking at a the Form 990 for a small non-profit, and I'm noticing that under administrative/management expenses only the Executive Director's salary is listed. I know there is a Deputy Director ...
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1answer
40 views

Death Tax For Trust

A trust was created in California, US whose settlor was living in Oregon, US when he/she passed. The trust assets have been liquidated and all creditors and medical debts paid. Are there any other ...
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1answer
40 views

Non US company raised equity by issuing shares to non accredited investors,does re-domiciliation to Delaware cause retroactive breach of US laws?

As per the title I would like to know if anybody knows what happens if a foreign non -- U.S. company ( offshore ) raises equity by advertising and soliciting investors included but not limited to ...
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1answer
32 views

What can a lawyer do to make the government formulate better policies for tech startups? [closed]

In Nigeria, most policies by the government affecting businesses are antagonistic to the growth of businesses partly due to lack of knowledge on the path of the government about the country's and ...
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1answer
20 views

Is Indonesia tax based on residency?

Residential taxation means that you pay taxes based on where you live. Many countries use a version of the “183 days” principle. This means that if you spend at least half your time living in the ...
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1answer
366 views

Reclaim VAT after buying a car to be exported from Germany to outside EU

I'm a North African citizen living in an Scandinavian country (temporary residence permit - working grounds) and planning to buy a car from Germany to be exported to my home country (outside EU). I ...
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0answers
40 views

New trump's tariffs on china

We've all seen that President Trump has imposed new tariffs on goods coming from China. From what I've understood the new tariffs will be paid at the time of entry into the US. So if your company ...
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3answers
135 views

How do I “prove” I am not a Massachusetts resident for state tax purposes?

I am in the process of moving out of Massachusetts. According to my reading of the Massachusetts's DOR's "guidance," I have to "prove" I am not domiciled in Massachusetts if I want to not be taxed by ...
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0answers
42 views

Import Tax - “made in China” versus “made in Taiwan”

Is there any reason for tax purposes a company would stamp made in Taiwan, when the products are actually made in China? Do you pay less tax or VAT when you import them in to the UK? They might do ...
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2answers
193 views

Are government fees considered taxes?

Are government fees, like the one for getting a passport or a drivers licence, considered taxes from a constitutional perspective? To clarify I am not asking for income tax purposes. I suppose it ...
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3answers
6k views

How does the mandate to report income from illegal activities in the US jibe with the Fifth Amendment?

Al Capone was famously taken down for tax evasion for not reporting income from his illegal activities. If someone were to report the income from illegal activities like a marijuana dispensary or a ...