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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Can I be held liable for tax obligations by simply accepting Ordinary Shares without further action? [migrated]

I've been granted the opportunity to accept a certain number of Ordinary (voting) shares with a nominal value of £0.01 each, along with an exercise option. This option allows me to exercise these ...
3 votes
1 answer
168 views

Does the UK have an equivalent to the Cheek defence?

In essence, in the UK, can someone raise a defence of an unreasonable yet good-faith misunderstanding if charged with tax evasion? In Cheek v. US, the US Supreme Court stated that a defendant’s mere ...
8 votes
4 answers
1k views

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 ...
6 votes
2 answers
1k views

What are some of the legal consequences of hiring full-time employees as independent contractors?

I read on the Workplace SE people mention being full-time employees employed as independent contractors. What would be the legal consequences of doing so? I'm under the impression that contract work ...
1 vote
0 answers
89 views

Acting as middle-man in money transfer [closed]

I live in UK, and I have a step-son who lives in China. He has a small internet-business with customers in the US, EU and Japan, and they pay him via paypal account. I manage the UK bank account that ...
0 votes
0 answers
30 views

Filing taxes jointly while legally separated

My ex and I are legally separated in Colorado. Under CO law we're still technically married. When we filed the JDF 1115 financial declaration form, we checked the box saying that we'd be filing ...
1 vote
0 answers
58 views

Information Reporting Obligation After Ceasing "U.S. Person" Status Mid-Year

According to the IRS website: A U.S. person, including a citizen, resident, corporation, partnership, limited liability company, trust and estate, must file an FBAR to report: A financial interest in ...
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0 answers
41 views

Which payroll tax and labor laws are relaxed when hiring a family member instead of a regular employee caregiver in California?

There is plenty of information already for an elderly dad hiring a caregiver as a household employee in California such as this check list for California tax and labor laws. And this check list is ...
2 votes
2 answers
131 views

Council Tax Avoidance

I was wondering what this crime would be called Basically a patch of land has two houses on it. One house is all legal and sound. The second was built without permission/secretly etc. The family that ...
4 votes
1 answer
380 views

Does OpenAI get any tax benefits from its organization structure?

At this point most people know OpenAI, one of the hottest companies in America. It has the following strange organization structure: My question is whether this gains them any tax benefits? Is this ...
1 vote
1 answer
85 views

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 ...
0 votes
2 answers
5k views

Is it against the law to use someone else's address for a work from home position? How does it affect taxes?

Suppose that a work from home position includes as one of its requirements that the employee live in Kansas. someone (lets call the person A for applicant) lives in Missouri, but has a relative (B) ...
-4 votes
1 answer
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Is it legal having two 40 hour jobs in 2 EU countries being non EU [closed]

I have a work permit in Sweden for 3+ years. I have received a job offer from another EU country. I want to work both jobs. Both jobs are 55k+ euro annually so I have no issues with minimum ...
8 votes
1 answer
334 views

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 ...
1 vote
1 answer
165 views

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 ...
0 votes
1 answer
531 views

14 day rental rule and 1099 Misc. How to report?

I rented my house for 12 days to a movie production company. I understand that I don't have to report the income (or any expenses). However, the production company sent me a 1099 Misc for rents, which ...
0 votes
1 answer
229 views

How does the IRS know how long I live in a house?

I moved out of a house 2 years ago that turned into an AirBNB when I moved out. Now, I want to sell that house, but to avoid capital gains, I have to have lived in it for 2 out of the last 5 years. I ...
0 votes
1 answer
60 views

Germany GmbH shareholder living in another EU country

When an EU citizen who is holding shares of a GmbH decides to move to another EU country, what are his obligations to the tax office and the state?
-2 votes
1 answer
111 views

A gift loophole to avoid taxes in US

Let's say for the sake of concreteness a US person owns a property in a foreign country. If the person decides to sell the property, then he/she owes capital gain taxes. Now here is a gift scheme to ...
9 votes
2 answers
2k views

Whose responsibility is VAT?

Circumstances: I have engaged a local building company to quote for works in my home. He provided a quote of £12k, which included VAT. I called him to haggle the price, and he said that if I paid him ...
1 vote
1 answer
142 views

Where in law are churches exempt from Form 990?

Churches enjoy non-profit status without complying with most non-profit disclosure requirements. From the IRS website: "Generally, tax-exempt organizations must file an annual information return (...
2 votes
0 answers
55 views

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 ...
7 votes
2 answers
2k views

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 ...
1 vote
1 answer
113 views

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?
2 votes
2 answers
225 views

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 ...
4 votes
1 answer
234 views

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 ...
4 votes
1 answer
425 views

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 ...
1 vote
1 answer
136 views

What kind of "Trust" should I choose when applying for EIN? Roll over assets from account held in parents' Revocable Trust

My parents established a revocable living trust many years ago. Dad died 12 years ago. Mom died 3 weeks ago. One of the assets in the trust is a mutual fund account with Invesco. They are ...
1 vote
2 answers
59 views

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 ...
1 vote
2 answers
116 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. ...
23 votes
1 answer
9k views

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 ...
0 votes
0 answers
26 views

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 ...
0 votes
0 answers
141 views

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 ...
-4 votes
1 answer
129 views

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 ...
0 votes
2 answers
122 views

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 ...
4 votes
2 answers
2k views

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 ...
0 votes
1 answer
99 views

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 ...
1 vote
1 answer
45 views

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 ...
2 votes
2 answers
307 views

Capital Gains: If I loan Bitcoin to my LLC, can the LLC sell it to pay for expenses, and later repay the loan in USD tax free? (USA Law)

I understand that taking a credit line against Bitcoin collateral is not capital gains event because there is no sale. However, If a party, such as a company, is lent Bitcoin (BTC), sell it to pay ...
3 votes
3 answers
969 views

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?
2 votes
2 answers
112 views

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?...
1 vote
1 answer
297 views

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 ...
2 votes
1 answer
222 views

Picture of a receipt from a Doctor

I had to go several rounds with a doctor's office about them not taking my insurance and them assuring me that the copay would be a certain amount. They then charged me 20x the quoted amount. I didn't ...
2 votes
1 answer
135 views

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 ...
0 votes
1 answer
43 views

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'...
-1 votes
1 answer
74 views

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 ...
1 vote
1 answer
181 views

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?
2 votes
3 answers
139 views

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 ...
1 vote
2 answers
223 views

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 ...
8 votes
3 answers
3k views

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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