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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What is necessary to restart NJ's rebate program for electric vehicles?
NJ has a program which provides a substantial rebate on the purchase or lease of an electric vehicle.
I had learned that NJ had paused the program effective November 21st of 2023 due to the relevant ...
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Does OpenAI get any tax benefits from its organization structure?
At this point most people know OpenAI, one of the hottest companies in America, has below strange organization structure.
My question is whether this gains any benefits tax-wise. Is it just another ...
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Can people legally perform services for others without declaring themselves to be an offical self-employed organization?
A person would like to provide home services for some of his neighbors.
Is it necessary to set up an official business and employ himself -- perhaps for purposes of sales-tax compliance?
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Does the Canadian government translate court cases from English to French and vice versa?
I am currently reading through various tax judgments when a specific case caught my attention.
Racine; Demers et Nolin v. Ministre du Revenu National, 1965 CanLII 1108 (CA CÉC), 2 RC de l'É 338
...
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What is the legality of a 0% interest unsecured loan?
I have heard that these are legally stigmatised/frowned upon, and subject to various different types of restrictions, I think mainly for tax reasons.
But a recent answer describes this as a seemingly ...
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Why would a 501(c)(3) nonprofit organization run its major operations in an LLC?
I was looking into the corporate structure of the Signal App, and it's very strange from the non-lawyer (IANAL) perspective.
The parent organization is a 501(c)(3) nonprofit, but the app is developed ...
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How does gift tax work for unmarried households?
Say Ash, Bret, and Charlie decide to form a household.
Ash has a house that would rent for $10,000 a month, Bret has three extremely expensive cars, and Charlie has a huge collection of very valuable ...
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Is it illegal to have a product delivered to a different ZIP code to pay less sales tax?
Me and my friends were chatting in dinner in California. Some were complaining about the high sales tax rate in our state. One suggested that if any of us had an Oregon address, we could have our ...
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Pay Additional Dwelling Supplement if buying a new main residence?
This applies to purchasing a home in the UK:
If I were to buy a new house that will become my new permanent residence, but I don't sell my current home and instead intend to let it out, do I need to ...
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Is it legal to do lots of imports £1 below the limit to not have to pay import duty?
Recently (since Brexit?) the UK tax law has been changed to require foreign online retailers like AliExpress to charge UK VAT @ 20% at the point of sale.
If an order is placed for > £135 then as ...
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Does it say anywhere in the tax code that it is a law to pay FEDERAL taxes [duplicate]
I thought I heard there was one court case of a sovereign citizen who asked the question of the prosecution where in the tax code it says that paying federal taxes is the law. When the prosecution was ...
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Sham gift scheme to evade foreign buyer tax
Reading the National party's intention to impose 15% tax on foreigners buying property in New Zealand, I wonder if the following scheme could well flourish if that plan came to reality.
Say Yáng, a ...
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Sales tax and insurance
Is it legal to charge sales tax for the full price of the item before insurance instead of the discounted amount after insurance in the state of CA? The good is being shipped from outside of CA.
More ...
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Why is research grade ethanol seemingly exempted from excise duties while pure ethanol ment for consumption isn't?
At Sigma-Aldrich I can buy one liter of unadulterated ethanol for just 26.60 EUR. This ethanol contains no additives and is pure enough for analytical purposes. Its made by fermenting grain or ...
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Where can I find the tax waiver rules for New Jersey?
A person dies in the state of New Jersey. When do you have to file form L-4?
Note: It seems to me that if all the beneficiaries are class A then there is no real need to file form L-4 because there is ...
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payment of taxes in the USA following an online sale of an electronic product [duplicate]
I would like to sell a luminaire on the European market and in the USA.
From what I understand, CE certification is required to sell on the European market.
In the USA, however, such certification is ...
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Inheritance tax on foreign gifts
Suppose that I as a UK citizen living in the UK am given money by an American who then dies. Do I have to pay inheritance tax to either the UK or US governments?
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Final Income tax Return due to death
If a person dies in 2023 and he has significant income in 2023 he has to file an income tax return. Would that income tax return cover the entire year or would it just cover Jan 1 to the date of death?...
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Is there a good reason for the IRS to seize ATF 4473 Forms?
I recently had someone angrily bring up on Facebook the IRS raid of Highwood Creek Outfitters on June 14th, 2023 where they apparently seized several years of ATF 4473 forms, forms used to document ...
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Stamp duty liability when adding partner to mortgage? (UK)
My friend and her partner have recently moved in together (England). Her partner owns a property that is now being let out, and she has added him to her mortgage.
They were under the impression he ...
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Does one need to pay sales tax for the vehicle?
This is a hypothetical situation. John owns a vehicle worth $5000. John gave this vehicle to his friend David for free and one week later, David gave John a $5000 monetary gift for John's birthday.
In ...
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Where would I find information about Sales Tax in New Jersey about tutoring?
Is there a document or New Jersey official page where I could find information about sales tax pertaining to conducting tutoring services in New Jersey? I am using a Stripe Payment system and it doesn'...
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Can an independent contractor from Zimbabwe have a bank account in South Africa to receive income from a South African company?
In a case where a South African company has contracted independent contractors from for example Zimbabwe or other foreign countries, is it legal for the independent contractor to be paid into a South ...
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Is it legal to store gold at home in the USA?
Is it legal to store physical gold at home in the US? If so, what taxes may be applied on the gold held at home, in form of both jewelry or raw gold?
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Can you keep money from an unknown source?
I have recently rewatched Breaking Bad, and something that happened in the last season had me wondering. Jessie tries to give $2.5M each to Mike's granddaughter and the family of the boy that was ...
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NYC Warranty Deed - minimum documentation required for transfer to LLC
I have the need to transfer an apartment my wife and I own Fee Simple to a Multi-member LLC whose members are currently the two of us. I have prepared a standard Warranty Deed to do the transfer and ...
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Can a founder of a non-profit company in Germany (gGmbH) receive a salary?
Unlike a normal GmbH, a founder/partner (Gesellschafter) of a gemeinnützige GmbH (or a UG) may, according to the tax code, not receive any profits:
Die Mitglieder oder Gesellschafter (Mitglieder im ...
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Would returns from investing in stocks cause one to reach the tax barrier on a student visa?
As far as I understand, one can earn about 850ish euros per month (as of 2023) without tax on a student visa source. Also, I learned that investing while on a student visa as a non EU international is ...
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At what point does a tax become a ban?
I believe that it is mostly uncontroversial that it is constitutional for a state to tax firearm purchases at a reasonable rate. If a state had a law imposing a 10% sales tax on all firearm and ...
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Tax forms signature requirement violating the 5th Amendment? [duplicate]
I notice that the IRS requires taxpayers to sign their tax forms under a notice that states "I declare under penalty of perjury that ....[the information provided on the form is true]". ...
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IRS Form 5472 - What is a related party?
I am looking at the definition of a related party at https://www.irs.gov/instructions/i5472#en_US_202301_publink1000283641
and the definition includes further references to some sections? What are ...
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Do TV games have tax exemptions when prize money goes to an non-profit?
In some TV games, where participants are usually famous people, the prize money goes to charity organization. In France, donations to such organizations by individuals give right to tax exemptions. Do ...
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Online sales tax assessment and enforcement in the USA
I want to know about the assessment of sales tax for online transactions in the USA (for states which collect such tax).
As I understand, sales taxes are assessed at multiple levels of government: ...
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US: Using a fake name and profile photo to provide freelance services online - anything illgeal? [closed]
I want to anonymously perform freelancing services online, so I used an AI generator to create a picture of a human face and chose a fake name. That fake name is also the business name on my PayPal ...
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What is the maximum number of countries in which one can simultaneously be tax resident?
Inspired by this Reddit thread and other stories of people working remotely from all over the world, apparently without giving too much thought to the legal implications,
Working abroad remotely and ...
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is reselling virtual "in game" items legal in the USA?
If I were to buy virtual in game items through third party websites which is against the game's TOS with bitcoin then resell them for more money is that legal?
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Legal defense against paying taxes for supporting terrorist?
The United States has undoubtedly supported many questionable groups over the years including groups now designated as terrorist organizations. If someone decided they did not want their tax dollars ...
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Book Revenues/Royalties That are Exempt from the Social Security Tax
Consider the following three was of publishing a book in the United States: (1) Find a publisher that will publish your manuscript. (2) Form an LLC and publish the book under that title. (3) Upload ...
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Can loss sharing ratio of all the partners in the LLP be kept 0%? [closed]
L.L.P. stands for Limited Liability Partnership.
Profit and Loss sharing ratio & relevant details.
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Does the 6th April 2023 date for reduced CGT personal allowance apply to date of sale, or exchange of contracts?
We are selling a rental property and as such Capital Gains Tax (CGT) applies on profits. On 6th April 2023, the personal CGT allowance is being reduced from £12,300 to £6000.
Our sale is likely to ...
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Which taxes would have to be paid for a €5000+ loan between individuals with zero interest rate in France
Question:
In the context of french law and tax regulations, if a lender decides to lend more than €5000 with a 0% interest rate to a borrower, would the lender and/or the borrower have to pay taxes on ...
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Becoming a US person after making a gift
US does not have a foreign gift tax. But I had a question on whether someone needs to report it or not. Let's assume I receive a gift from a foreign family member and it is less than 100k$. So as far ...
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The difference between the fair market value of the donated item and the amount of an advantage, if any, is the qualifying amount of a gift
What does "the amount of an advantage" refer to in "the difference between the fair market value of the donated item and the amount of an advantage, if any, is the qualifying amount of ...
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Transfer business ownership between spouses for tax purposes
I live in UK, and I have a full-time job with a salary that makes me a higher rate income taxpayer. Additionally, I am registered as a sole trader: I operate a software-as-a-service website, and I ...
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Tax-harvesting multiple years small losses
Is it possible to add up multiple years small losses (let's say $200 lost each year in the period 2015-2021) and harvest them altogether in one year (in this case $1400 in losses for 2022)?
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How consumers taxed with a cryptocurrency prepaid card?
A store decided to issue a prepaid card that can be loaded with cryptocurrency and used only in that store.
Will the customers pay tax when they load the card, use it, or both?
I am interested in US ...
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Being employed in two EU countries simultaneously
Is it possible (legal) to be employed in two jobs (full time) in two different European countries at the same time?
Secondly, is it possible to have work permits of two countries simultaneously being ...
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Is there a way to avoid double-VAT when delivering from UK to Ireland?
For non-business customers, I'm wondering there is a way to avoid being double-vatted on products purchased from the UK and imported from UK to Ireland?
An example would be if I ordered a €500 laptop ...
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What does "domestic disregarded entity" mean?
I'm a person that lives outside of the US. I'm in the process of creating an LLC in New Mexico, which I will own 100%.
I have read in different sources that foreign-owned LLCs must file the 1120 form ...
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Should refund for recalled item include sales tax paid?
I bought a gizmo for $46.99 plus $5.05 in sales tax. A few months later, the manufacturer issued a product safety recall for the gizmo. Rather than repair or replace the defective units, they would ...
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