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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Does postpone reporting suspected tax law violation violate any law?

Jurisdiction: California, USA. Assuming that a person realized that there is a possible tax law violation of unreported income (an individual's violation). However, he/she didn't report that to the ...
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How to freelance in Germany while studying, I'm on contract

My master's program starts next October, I'll be living on a student visa. In my spare time I'm freelancing on reddit, and I got an official contract with a client, but as I know, in Germany I cannot ...
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A UK company buying services from a web-agency from Germany after brexit, what are the tax implications?

Scenario: A UK company wants to establish a 4 months contract with a web-agency in Germany. 1 web developer, from the said German web-agency, will deliver services. The German agency will invoice the ...
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Disclosure obligations to employers: UK full-time salaried employee intending to take up additional paid employment 20% with a non-competing business

I recently started working full-time (i.e. approx 37.5 to 40 hours/week) in the UK as a permanent employee of a UK-based private organisation, with monthly salary paid through BACS to my UK bank ...
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129 views

Can you defer capital gains tax with margin trading?

Assume I bought 1 bitcoin at $0 and it's now worth $100k. I am worried that the price will drop soon, so I sell my bitcoin. Bitcoin does indeed drop and comes down to $10k, where I then decide to buy ...
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51 views

Are tax crimes' punishments in general proportional to the amount of money?

Let's say that I sell 0.001 BTC right now on Bisq (decentralized P2P exchange) and the buyer sends me $500 USD to my bank account. I then use that $500 to buy a pair of headphones for myself. Or I ...
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Can you avoid capital gains tax by taking out a loan and not repaying debt?

Let's say I have 1 bitcoin and I am selling it for $100k, and I bought it for $0 at the time. Assuming a Capital Gains Tax rate of 33% I would owe $33k, leaving me with only $66k. Could I instead get ...
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The Constitution, Law, and Income tax [closed]

First let me say this, I'm not a Sovereign citizens, i'm not trying to not pay taxes, i'm not trying to argue if it is legal or not that you have to pay, you do. What im more interested in is the ...
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Are there legal limits to U.S. states taxing out-of-state income?

When a New York State non-resident has NYS income, NY's tax rates are based NOT on the absolute amount of the NYS income, but on the non-resident's federal income, pro-rated to the percentage earned ...
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When, if ever, did the United States governemnt declare the Coronovirus to be a “Natural Disaster”?

For the purposes of this post, I do not care when infection rates from the coronavirus (COVID-19) took off in reality. I am interested in the legal abstraction of when the United States federal ...
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Is money received for donating blood supposed to be listed on income taxes?

My question pertains to law in the United States. In the United States, when people donate blood plasma, they are sometimes given money. For example $50.00, to spend 4 hours donating 880ml of blood ...
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If our nation takes on debt now that will have to be paid by gen z later isn't that taxation without representation? [closed]

We have representatives but gen z does not. How is it fair to spend their money before they are even old enough to have a say? Was the idea of pushing debt onto future generations so unthinkable that ...
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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
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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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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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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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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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
31 views

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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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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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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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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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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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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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
176 views

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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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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253 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
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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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1answer
207 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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1answer
178 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
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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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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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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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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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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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665 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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