The tag has no wiki summary.

learn more… | top users | synonyms

0
votes
0answers
16 views

USA bank account receiving funds for my business in India : How to calculate tax

I am planning to start an online tech support business from India. I do have a USA bank account and I can setup a payment gateway via paypal for my business. I will be doing all the support from India ...
4
votes
2answers
113 views

If I buy goods for a friend, and then he pays me cash and i deposit it. Will I get in trouble?

I have a friend from Mexico that asked me to buy flight tickets for him. Its about 2,000 dollars, and he's going to give me the money in cash so I can deposit it in my account and pay my credit card. ...
4
votes
1answer
95 views

As a minor in the UK do I need to pay taxes on self-employment income, and if so how?

I run a game community which is based around Minecraft at the moment with just under 40,000 registered users and I want to expand to YouTube which is in the works and other games. We relaunched ...
2
votes
2answers
138 views

Investing in income stocks for dividends - worth it?

I currently have a 401k that I'm maxing out for this year ($18,000) and a Roth IRA that I'm maxing out ($5,500). I'm a bit behind on investments, but because of my income I think that I can play a bit ...
2
votes
1answer
71 views

Maternity payments taxable income?

Paid maternity leave in my country of residence is paid by the government as a social security insurance benefit, rather than by the employer. Is it treated as taxable income on my US return? Edit: ...
0
votes
0answers
20 views

Managing income from US company in Eastern European country

I am looking for a general advice on how to better inform myself, to see what are my options and find a solution about what to do with my income. I understand that this might sound silly, so I will ...
0
votes
1answer
23 views

Freelancer - taxes in India for working for Spainish company

I would be starting as freelancer for one of the European company where the products will be promoted in Indian market , hence would be traded from Europe to India . The same company has plans to ...
1
vote
1answer
59 views

How do I get my Loaned money back to US

I am a US citizen. I lend some money to my dad back in 2009 and 2011 as he had no source of income so I send my savings to him so he could use the annual interst as his income. I have a loan agreement ...
0
votes
1answer
63 views

As a J-1 visa holder, am I allowed to make additional income in the US?

I am living in the US under a J-1 visa. I am thinking of building and launching an iOS application that might bring in some additional income from the App Store (potentially hundreds to thousands of ...
0
votes
2answers
61 views

How do I find out the Earnings Per Share of a Coca Cola Co Share?

I am trying to figure out the P/E ratio, mainly. But first I need to figure out the EPS (earnings per share). I have read that to calculate price/earnings ratios you must find its earnings of last ...
0
votes
2answers
67 views

What's the proper way of dividing income/deductions wages between two states?

I started 2014 living in WA and working there. Starting on March 15 2014 I got a new job in CA and started working there. However for about three more month my family was still living in WA and was ...
1
vote
1answer
40 views

Indian citizen. Moving to Brunei. Working as freelancer for US company. In which account do I get my salary transferred?

I am an Indian citizen living in the US for last 4 years. My husband will be transferred to Brunei starting July and I will join him too. My US employer wants me to continue working as a freelancer ...
-5
votes
1answer
73 views

Portfolio Diversity : invest $4000 into one account or $1000 into 4 accounts?

I have a simple question : regardless of portfolio diversity and how it could be a more stable source on income, i'd like to know what system will produce more money ? $4000 into one account symbol ...
25
votes
6answers
3k views

What, if any, are the downsides of direct deposit?

After many years, my employer is offering direct deposit. I've used direct deposit before at other jobs. Are there any downsides or cons to using direct deposit?
0
votes
1answer
274 views

2 names on US tax refund, filed as 'single'

I recieved my US federal tax return earlier this month. When I first looked at the check, I noticed it had a % symbol, followed by my mother's name on the line below the one with my name. it looks ...
2
votes
1answer
68 views

Can I deduct remaining LLC losses against W2 wages once the LLC is dissolved?

I have been a minority owner of an Ohio LLC. The franchise closed in 2009 but the LLC just dissolved December of 2014. I haven't been able to deduct losses from my W2 wages as I haven't been actively ...
3
votes
1answer
1k views

I withdrew cash from U.S. ATM (not U.S. bank card) and put it into U.S. bank. Is it taxable income?

I'm filling tax return forms 1040NR-EZ, 540NR-short for non-resident (I was exchange visitor in U.S.). When I was in U.S., I withdrew cash from an ATM using a card from an account of mine at a non-US ...
0
votes
0answers
34 views

I Used the Equity from my Home Sale to Pay Off my Current Home. Taxes?

We sold our home in 2013, and put the equity into a savings account. We then used the money to pay off our current home in 2014. How do we report the transaction on our taxes? It's not exactly ...
1
vote
1answer
58 views

Pay off Home Buyers Plan - or not

I am single and retired and owe a balance of $4800 on my HBP with 4 years to go repaying at $1207 per year which I have to declare as income. I live on the Gov. CPP and OAS with supplements and with ...
2
votes
1answer
164 views

Starting a side business slowly

Inspired by this question and this question. I have been looking at some ways to try to earn extra money on the side to assist in my finances, and have come to the conclusion that the best way would ...
4
votes
2answers
267 views

Planning to invest in stock, age 16

I've been planning to invest in stock to get started for the future, however, I'm concerned about taxes... if I was to get capital gains, and in a short time period reinvest it in another security, do ...
1
vote
2answers
72 views

What constitutes 'income' for credit card &c? (US specific)

I also have gotten several inquiries like this one My credit card company is asking for my current income citing "Federal Regulations" which started me wondering just what is considered ...
0
votes
1answer
420 views

NRE account in indian bank have to pay Income Tax in India

Please help me, i am working in Dubai base company and my work place is any other country Like Oman, Myanmar, etc. Only for work, i am going out side of India say 3-5 month/year. Company is depositing ...
0
votes
2answers
129 views

Can I deduct expenses incurred to earn side-income, while full-time employed - in Canada?

I've just been hired full time at a firm I used to independently consult at. As a sole proprietor, I'm used to writing off my home office space, various software subscriptions, equipment, web ...
1
vote
1answer
56 views

US resident collecting salary in a foreign account

I have my job based in United Arab Emirates, but I live in the United States. Can I continue to get paid in UAE Dirhams in my bank account in Dubai? Or do I need to transfer the same to the US? Does ...
1
vote
1answer
62 views

Indian Citizen Getting Paid for Working as Writer for US News Organization

I'm an Indian citizen. I'm doing a consulting role for a news organization in U.S. and getting paid on an hourly basis. The income would not exceed $1600 per month. The organization has asked me to ...
1
vote
1answer
61 views

Paying tax on monetary gifts

I live in Wisconsin and received $5,000 from a living relative as a one-time gift. Do I need to report this on my income taxes?
2
votes
1answer
57 views

How do I handle undocumented Income from consulting to a foreign firm

I occasionally do some consulting support (in the US) to a foreign firm. They don't send me any 1099 or W4 documenting the income, though they do a wire transfer to my account. How should I handle ...
1
vote
1answer
139 views

Can I have a side income without registering it as a business

I am full time employed. If I want to generate some income from a side hobby-business by buying and selling gift cards, at what point in time do I need to register as a business/corporation with the ...
2
votes
2answers
246 views

How is income from surveys taxed in the UK?

I'm considering doing online surveys from companies such as YouGov, that pay you for each survey you complete, but I would like to know more about how taxes work, so I've got a few questions. Are ...
2
votes
1answer
44 views

Certified receipt from IRS

We need to send a certified letter (return receipt) to the IRS for a insolvent estate. What is the address?
1
vote
2answers
53 views

Income in zero-interest environment

In a zero-interest environment, what are safe (conservative) alternatives for income?
0
votes
2answers
176 views

send money from US to India in parent's saving a/c [duplicate]

If I send money from US to India in my parent's saving account will I have to pay tax in India?
0
votes
0answers
15 views

Income source in India and abroad [duplicate]

I am working in India and I get my monthly salary which gets deposited in my salary account after tax deductions. I am even filing my returns every year. Recently my co posted me to UAE for a long ...
0
votes
1answer
41 views

Independent Contractor to an US law firm

please advise me on the concerns of income tax i have. I'm an Indian citizen residing in India. I'm working for an Law frim in US as an independent contractor. i'm not sure if i'm liable for paying US ...
1
vote
1answer
6k views

Is my paycheck correct for Provident Fund deduction at the new company I joined in India?

I am a software engineer, i worked in two organizations in those two organization provident fund was not deducted they credited me complete salary to bank account by monthly . Recently i joined a new ...
1
vote
1answer
199 views

How would the following income be taxed?

Excuse the lack of terminology here. A general contractor who is also a friend is seeking money to purchase, redo and then sell an existing home. He has about 85% of the total amount to purchase the ...
0
votes
1answer
272 views

New York State - NY Tax on Foreign Sourced Income for NY Non-Resident

I live in Connecticut (file as CT Resident) .. Work in NYC ((file as NY Non-Resident) Question: Can NY State tax any income that I earn while in Germany ? I understand that the United States taxes ...
5
votes
2answers
209 views

Issues with unfiled tax returns

My husband and I have 2010-2013 taxes to file. He refuses to give me his income information because he believes the federal govt taxing us is unconstitutional. So I just had 4 years of taxes filed ...
1
vote
2answers
85 views

Income tax Rebate on more than one property

I have purchased one house property at Bhopal. which is constructed. For which I paid Rs. 280800/ pre EMI interest & Rs. 260000/ EMI interest. I purchase another house property in Gurgaon. It is ...
2
votes
2answers
125 views

Side work and managing finances?

I recently started taking on some side work which is making a decent amount of money for me on the side. I am operating it under my own SS# currently and not an LLC. I was hoping someone could provide ...
1
vote
1answer
31 views

US-NYC Tax question about self-employment work online for a Europe based company

I've been doing contract work online for a company based in Germany. So far I've made about 2,880 from Jan-June $500 a month then $480 after paypal. I don't get a 1099 from them. But I was wondering ...
2
votes
1answer
166 views

Is Money earned outside India transferred in NRO a/c instead of NRE a/c taxable in India?

Money is transferred to NRO account but was to be transferred to NRE account is such income taxable in India
4
votes
1answer
448 views

Are search engine rewards taxable?

I have been using a search engine that gives you points that you can redeem for gift cards. As far as I can tell there is no way to get cash, without reselling the cards, but I can figure a monetary ...
-1
votes
1answer
903 views

$100k salary to the amount in pocket breakdown

Looking into the job market as an engineer with several years of experience (for example), it appears salaries are in the $70-110k range, so let's look at a "$100k/year" salary. Help me break down the ...
2
votes
2answers
218 views

When is money in a private stock sale considered income for tax purposes?

I am planning on moving outside of New York state, and I am also selling some shares of stock. The actual papers were submitted and dated before I will leave New York, but the actual wire transfer of ...
3
votes
2answers
2k views

Difference between Fortnightly and Monthly pay

I used to get paid monthly at base salary of 48k. I have recently changed my job and getting paid fortnightly with a base salary of 50k I did some calculation and found out that if I get paid monthly ...
1
vote
1answer
262 views

Is the fund received to my indian bank from foreign bank taxable?

I am Nepali citizen and I have ordinary saving account in Indian bank. I was also working here for 2 years in the past(3 years ago) and I have PAN card and bank account. Now I am living in India for ...
6
votes
2answers
227 views

How to deal with variable income in the budget

We have a budget planned out for various categories, and in order to make ends meet we count on child support for my wife's child from a previous marriage. However, lately we have not been receiving ...
4
votes
1answer
294 views

Long vs. short term capital gains on real estate

Can profit on the sale of a spec home count as long term capital gains if the land was purchased more than a year earlier?