Questions tagged [tax-law]

Dealing with the constitutional, common-law, statutory, tax treaty, and regulatory rules that constitute the law applicable to taxation.

Tax law is an area of legal study dealing with the constitutional, common-law, statutory, tax treaty, and regulatory rules that constitute the law applicable to taxation. https://en.wikipedia.org/wiki/Tax_law

A governmental assessment upon property value, transactions, estates of the deceased, licenses granting a right and/or income, and duties on imports from foreign countries. It includes all contributions imposed by the government upon individuals for the service of the state.

Further reading: https://www.hg.org/tax.html

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If you are a lawyer of a thief, drug dealer, or human trafficker, what would you tell your client to tell IRS?

I read this in 9gag. So what should we do if we are in this situation? If thieves and criminals can just say I have this income and don't tell the source, can legitimate businessmen do the same?
obfuscated
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In practice, how bad can this get?

I have had a Google AdSense account for a while. In 2013, Google started requiring to fill out tax information. I was an idiot and decided to claim that I lived in another country and that had no activity in the U.S to avoid having to pay taxes on…
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Why do tech companies incorporate in Ireland instead of Seychelles?

Ireland tax rate is low. 15%. However, Seychelles tax rate is even lower. It's 0%. So why bother incorporating in Ireland? I mean are there any laws in US, Ireland, or Seychelles that motivate IT companies to incorporate in Ireland instead of tax…
user4234
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Calculating the sales tax on separate items on a restaurant bill

Is it legal to tax each item separately? I visited a Pizza place in Detroit, MI on 2/14/2016 Valentines Day. The waitress taxed each item on my bill separately: for example, she taxed me for the pizza, then taxed me for the pop, and added a…
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Has a company been indicted for failing to pay taxes on benefits?

A similar question has been asked on Skeptics.SE. The New York Times wrote on Friday: The Manhattan district attorney’s office has informed Donald J. Trump’s lawyers that it is considering criminal charges against his family business, the Trump…
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Is it illegal to sell something on craigslist without adding a regions value added tax?

Is it illegal to sell something on craigslist without adding a regions value added tax? Say for example GST is 10%, and I sell my bike for $100; do I technically have to charge $110, and send $10 to the government?
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Can I write off equipment purchases for unrelated business

I run a small software consulting company. It is organized as a LLC in California, filing as an S-Corp. I want to start a second business, but something unrelated to computers. I will need to purchase equipment to start the new venture. Can I simply…
Drew Goodwin
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Ways of applying VAT in EU countries?

I'm managing a french company where the VAT must be applied, and I am stumbling upon a problem that annoys me. There is a simple form to know if the VAT must be applied or not (please tell me in case I'm wrong on that) : Seller EU (me) => …
Cyril N.
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Are Performances provided for charity a valid tax deduction?

This is a tax law question. I portray Mark Twain in a one-man performance I conceived, wrote (predominantly based on Twain's words, of course), and "direct." I would be willing to appear at times to raise money for "charity," IOW without charging…
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Are there legal obligations when giving rewards?

I have a website where i would like to offer an incentive for people to contribute content. Once you reach a predefined amount of content that has been approved and added to the site you can earn a reward. For example, submit 10 guides that get…
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Can I expense rental costs for tax purposes?

I currently own a property in the UK, which is where I currently live and plan on living most of the time. However, I have recently accepted a job in France and will need to rent accommodation for this purpose. Q: can I expense the cost of the…
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When filing an FBAR after transferring all of your money from one bank to another, should the "Maximum account value" be written for both accounts?

From my understanding, FBAR is meant to track how much money US citizens hold outside of the US. Let's say that on June 2020 I had $10,000 (the minimum for FBAR reporting) in my account in the bank of London. Then in July 2020 I moved to Paris and…
finks
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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 stock and bond portfolios. The shell companies,…
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Other means of payment related to property taxes

Probably my question is related to one of my previous ones, but it is most likely not the same. If a foreigner who doesn't live in the US as main residence and therefore doesn't have tax residence there (i.e he's not liable to US income taxes) own a…
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