Questions tagged [taxes]

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Does Article 1 Section 3 of the Oregon Constitution give taxpayers the right to prevent their taxes from being used to fund abortion?

Section 3. Freedom of religious opinion. No law shall in any case whatever control the free exercise, and enjoyment of religeous [sic] opinions, or interfere with the rights of conscience. — Could ...
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Is it okay to keep track of accounts receivable and accounts payable with cash basis accounting?

Is it okay to keep track of accounts receivable and accounts payable for my reference but still mark cash basis accounting on my tax return?
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Made an app, how to legally pay content creators and file tax exemptions

I’ve made an app that’s completely free to use and isn’t otherwise monetised, for now. That being said, I want to do a couple things that involve money: For a campaign, I want to donate X dollars ...
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How is polygamy legally practiced in the United States of America [duplicate]

Let's say in this hypothetical scenario a man wanted to be married to multiple different women in the United States in the State of Tennessee. Would it be legal for the man to have a marriage license ...
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2 votes
1 answer
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Are non-cash payments to the IRS legal?

Since the IRS taxes barter transactions, is it legal to pay your taxes to the IRS in non-cash payments such as produce or cattle or other goods?
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2 votes
2 answers
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Taxes question and fake address

Suppose that a non US woman W is married to a US Citizen husband H. W has a green card. W and H live together in Pennsylvania. Suppose that W's parents in law (L) moved to a nearby state. Suppose ...
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Can a borrower create a taxable event for a lender by selling loaned property (e.g gold)?

Lending property (e.g. gold) is not a taxable event as the asset has not been sold. Let's use gold as an example to simplify things. Scenario: A US company is loaned a $100,000 gold bar by a US ...
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2 answers
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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 ...
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Can I sue my bank for endlessly delaying return of escrow surplus?

I have a fixed mortgage through Chase Bank. They collect monthly payments designed to pay off, among other things, taxes via an escrow account. They did a recalculation a little while back, and found ...
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Are gift cards considered currency or an object?

In the eyes of the IRS, are gift cards viewed as an object or as currency? Like if I were to accept gift cards as payment for items I sell in an online store, am I accepting dollars or am I trading ...
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Is this true? "Thanks to GDPR laws, EU country A cannot check/investigate a corporate structure of a company incorporated in EU country B"

Not sure how to describe it better but I'll try my best. According to someone I talked to this is 100% legal and 100s of people do this. Here's the setup. You are a tax resident in EU country A. This ...
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1 answer
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Can parents be taxed for giving gifts to children?

Are there scenarios where parents would be taxed for giving gifts to their children, such as on birthdays, Christmas, etc.? Would gifts be subject to gift taxes if the amount exceeds $15,000/$30,000 (...
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Depositing Crypto Assets to Receive Interest Bearing Tokens is a Taxable Event?

I have certain amount of ADA tokens bought years ago. I've never sold hence never created a taxable event. I would like to lend my ADA tokens so to increase the interest I make on them. Liqwid is an ...
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1 answer
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Global taxation for US citizens

The United States is pretty unique in requiring their citizens to pay taxes regardless of residence (even if living abroad). I'm surprised that other countries don't enforce the same. It seems like ...
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If someone commits tax evasion, what organization will arrest them?

If someone commits tax evasion, will they be arrested by local police, or the IRS’s CI and Justice Department?
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UK company A owns some listed shares. Can company A transfer the shares into company B as assets? What's the tax implication?

UK company A owns some listed shares (in a brokerage business account). Can company A transfer the shares into company B (same owner in both companies) as assets without selling them first? Is it ...
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Selling software internationally and taxes

I'm about to go crazy due to the amount of information I have explored on this matter and still I have no answers. Anyone with at least some knowledge, please share it. My case is very simple (I think)...
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How does one enact a self disclosure of crypto currency income for previous years with the Tax office in Germany? (Strafbefreiende Selbstanzeige)

Since 2017, I have been unsure of the Tax implications of crypto currency gains in Germany or how to calculate them. With the introduction of new crypto Tax software I am now confident in my Crypto ...
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1 vote
1 answer
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Is there a U.S. and/or U.K. counterpart of Australia's AMIT(Attribution Managed Investment Trust) Regime?

The AMIT(Attribution Managed Investment Trust) Regime: The AMIT Regime is a new set of rules for the taxation of managed investment trusts and their members. One of the aims of the AMIT Regime is to ...
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Tax in Michigan

I live in Michigan and recently went to this new local bar where I was charged tax on my $3 beer. So total was $3.18. Is that illegal
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22 votes
2 answers
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London council not responding to calls for nuisance

In this is case we are talking about a London borough. There is a sandwich shop in my area which is supposed to be open until 01:00 most days. However, they keep it open with the doors open and tables ...
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0 votes
3 answers
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Can you avoid paying taxes on the Bitcoins you've sold by using a shell company outside of the U.S. and transferring the coins to it before selling?

Can you avoid paying taxes on the Bitcoins you've sold by using a shell company outside of the U.S. and transferring the coins to it before selling? I am wondering if there's a legal flaw in the ...
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Can I temporarily work remotely in a different country than my residence/employer?

I currently work fully remotely as a full-time employee for a US company. The office is closed with no plans for anyone to return until at least September. I was thinking of working from home in a ...
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6 votes
1 answer
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Fig roll legal status

Is a fig roll (UK, fig bar in the US) taxed as a biscuit or a cake in the UK? A Jaffa cake has been determined to be cake, not a biscuit, based in part on what happens when it goes stale. It is taxed ...
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2 votes
1 answer
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Do new VAT rules apply to gifts from non-EU countries?

I'm a Russian citizen and I'm going to send a gift to my friend from EU (Poland). I heard that after 1st July countries of EU get new rules of VAT, and they also mean, that now you must pay VAT, even ...
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2 votes
1 answer
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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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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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0 votes
1 answer
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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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1 vote
1 answer
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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) ...
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2 answers
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Can a LLC that was created end of year claim whole year?

Haven't been able to find an answer to this question. If an LLC is formed in October 2020 when I file taxes in April 2021 for the year 2020 can I claim the entire year expenses for the business in ...
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27 votes
4 answers
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What happens to Donald Trump if he refuses to turn over his financial records?

Headlines for 2021 February 22 read "Supreme Court Approves Subpoena for Trump's Financial Records". Since the Supreme Court has now ruled on the matter, I am not aware of any other body to ...
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1 vote
1 answer
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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 ...
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1 answer
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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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1 answer
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Does a state Department of Revenue typically have access to your property / home?

Here's an interesting one, the Department of Revenue (Montana) shows up on your property. They seem nice, and they want to measure your house / walk around in it etc. It's still under construction. ...
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divorce contract vs tax law

My (PA) divorce contract states that a benefit (child or education credit) one of us receives from claiming a dependent will be shared. Under the tax law, my ex does not qualify to receive the credit ...
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2 votes
1 answer
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Inherited house and principal residence exclusion for capital gains on IRS Form 104

I'm the personal representative of an estate in Massachusetts. A home in probate was recently sold and the estate received a 1099-S. There are about $50,000 in capital gains from the sale. I lived ...
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1 answer
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What is meant by direct Taxes in Article 1 Section 2 in the US Constitution?

I am new when it comes to understanding the US Constitution and I am not comfortable with Section 2, Paragraph 3 of Article 1! [Representatives and direct Taxes shall be apportioned among the ...
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5 votes
1 answer
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Can the officers of a 501(c)(7) take salaries?

According to CharityWatch the Boys and Girls Club of America is a 501(c)(3) nonprofit organization, whose CEO is salaried at over $800,000.00. So clearly, it is legal for the CEOs/officers of a 501(c)(...
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1 vote
1 answer
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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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8 votes
1 answer
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What is the furthest point from land at sea where individual U.S. state laws apply?

I wondered to myself if there was a specific point within the 12 mile US territorial sea where individual U.S. state law ends and only federal law applies. For example, could an individual/business ...
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Why aren't churches registered more massively?

When reading an article in the Huffington Post about how easy it is to register a church (as shown by John Oliver) I was wondering why the practice is not more widespread. The American IRS does not ...
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1 vote
1 answer
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Is the new co-owner of property liable for its debt?

I co-own some rental property. My co-owner, who managed all the financials of the property (taking in rent and paying expenses) recently died. I haven't seen the deed, and his widow can't find it, but ...
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8 votes
1 answer
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If I owe state taxes, can the state seize a relative's property in retaliation?

I live in the United States and I owe taxes to the state, which I'm not able to pay. I don't have a permanent residence and live with family/friends. One of my family members received a letter stating ...
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How do banks (in Switzerland and elsewhere) protect bank secrecy while adhering to government oversight?

Are banks in countries with strong secrecy laws (like Switzerland) letting the government see their account balances for oversight and tax compliance purposes? If so, wouldn't that defeat the purpose ...
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2 answers
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Is any software/product operated under a name a business?

If make an app and publish that I alone operate under a made up name, am I legally a business or an individual?
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Can a server justify a permanent establishment in a tax manner?

Let's assume I am located in Germany, but I am operating servers in some other country, for example Ireland. My fictional business is running these servers to rent them out to others (like hosting ...
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1 answer
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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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7 votes
1 answer
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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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-2 votes
2 answers
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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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-1 votes
1 answer
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Bonds of foreign reputed companies and Army bonds

Do the functioning of Bonds cease after the date of maturity of the bonds? In what respects Army bonds differ from Bonds of foreign companies operating in INDIA? if ...
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