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1

As far as I can tell you cannot claim your UK NICs back in New Zealand. The relevant tax treaty is on the HMRC page here and Article 2 is very clear about the UK taxes that are covered: income tax, capital gains tax, corporation tax and petroleum revenue tax. There is a note at the end of Article 2 that says This Convention shall also apply to any ...


0

I cannot speak for the specific jurisdictions but you will generally pay income tax in each jurisdiction and be required to declare your foreign income in both. Your annual assessment takes into account both domestic and foreign income so sadly, there is no tax windfall to you. I would imagine that Finland and Belgium have tax treaties so you will not have ...


0

you can find details on how wag taxes are calculate here http://www.taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/Netherlands-Individual-Taxes-on-personal-income from 0 19,822 * 8.35% 19,822 33,589 * 1,655 + 13.85% of the excess 33,589 57,585 3,561 + 42.00% of the excess 57,585 13,639 + 52.00% of the excess ...


2

Rephrasing Jay's answer into a more practical form: It would be possible for the government to do this, though not easy. If you really think it's a good idea, lobby your congresscritter to propose the appropriate law. But be careful what you wish for. To pay new interest, the government needs to get that money somewhere -- increased taxes, increased fees, ...


-2

Because they're the government and they make the rules. Maybe whoever wrote the tax laws had some philosophical or economic reason. Or maybe not. It doesn't make much difference. You could ask this sort of question about all sorts of government policies. The reasons that the lawmakers had may or may not sound valid to you. But you still have to obey the ...


0

As you have income from Business / Profession, you would need to use form ITR4S


0

Since you are living in India and earning income not from salary, you must file your tax return under ITR4(Profits or Gains of Business or Profession). You can do it online on IncomeTax India eFiling website, step by step guide available here.


0

In Australia there are cases for the argument. 1) We have laws against unfair dismissal that do not apply above certain thresholds. Your position is more secure with the lower salary. 2) Tax benefits for families are unfairly structured such that take home pay may actually be less, again due to a threshold. This tends to benefit charities as people need to ...


2

There is currently a bill in Washington that will change the limit for salaried employees receiving overtime pay. It will be raised to $50400. I work 4 hours of overtime each week, which if the bill is passed, equates to an additional $7800 annually. If my company raises my salary to just above the limit then they would not have to pay the overtime. That ...


0

If you are paid per diem or living allowance, the expectation is that you spend it in the USA to comfortably live. Any savings you bring to India should be declared as income and tax needs to be paid. If you are paid a salary in the USA, your USA income should be declared in India. Total India tax needs to be computed. Tax paid in the USA must be deducted. ...


8

The IRS looks at your marital status on December 31st to determine at what rate you will pay taxes. We can assume that for this year you will file Married. The withholding tables which are triggered by the numbers and terms you put on the W-4 are used to get your withholding close to the eventual total amount owed. Of course the more complex your situation ...


2

As you have spent more than 182 days in India, you would be considered as Resident Indian for tax purposes for the financial year 1 April 2014 to 31 March 2015. India taxes on the Global income. So your income in US for the period of Oct 2014 to 31 March 2015 needs to considered in India. As US and India has Dual Tax Avoidance Agreement[DTAA], you can claim ...


1

Indian PF is a social security scheme, and as per the US India DTAA Article 20, is not taxable by the US. The exact text says as under - Notwithstanding paragraph 1, and subject to the provisions of Article 19 (Remuneration and Pensions in Respect of Government Service), social security benefits and other public pensions paid by a Contracting State to a ...


2

You can't write exempt because according to the instructions on the W-4 I claim exemption from withholding for 2015, and I certify that I meet both of the following conditions for exemption. Last year I had a right to a refund of all federal income tax withheld because I had no tax liability, and This year I expect a refund of all federal ...


1

If you're a non resident then you owe no capital gains tax to Canada. Most banks won't let you make trades if you're a non-resident. They may not have your correct address on file so they don't realize this. This is not tax law but just OSC (or equivalent) regulations. You do have to fill out paperwork for withholding tax on OAS/CPP payments. This is ...


0

Assuming you are NRI, any income you earn is not taxable in India whether you transfer to India or not. Is this amount taxable in India? If yes then how much I have to pay as tax. No it is not taxable. How to fixed Deposit this money from Saudi Arabia or from India through my husband or parents? You can open Fixed Deposits in your name or your ...


8

What matters is your marital status on December 31 of the year. Since you were not married on December 31, you must file as Single (or in some cases with a dependent, Head of Household).


-1

I recently rejected an offer at a different firm that would have provided a 14k yearly increase. The reason for the rejection was because I would have had to give up two work from home days, my commute would have been about an hour and half each way, I would have lost about 14 extra days of PTO and holiday pay, and the new company didn't match anything for ...


2

You're not subject to the US tax laws, and since the income is not US-sourced, it is not subject to withholding. Your employer doesn't need any form, but if they insist - you can provide them a W8-BEN to certify your non-resident status. Keep in mind that if you do come to the US, the money you earn while in the US is US-sourced and subject to the US taxes ...


3

You will need to fill the form W8-BEN and give it to the bank when you open the account. As the result, you'll receive the bonus sans 30% IRS tax withholding, which you'll then need to get back as a refund after filing the annual tax return. You don't have to file the return, but you will not get a refund if you don't file. Note that your country will not ...


4

No, you cannot drag the deduction out over more years than you could have based on your limits. The only way your current year deduction can be deducted in the next year is only if you are not allowed to deduct (because of the 50% limit). If you deduct less than you were allowed to deduct, you cannot take the remainder to the next year.


1

What are the available infrastructure bonds The available bonds keep changing. This can't be answered as its a product recommendation. Ask your broker or Bank or watch the newspapers, you will know what is currently available. At times there maybe no bond available. and can one withdraw that amount at any moment or some lock-in period is there? ...


0

Please consult a professional CA as Income from Outside India or only salary Open to interpretation Only federal tax can be considered as tax paid for relief Yes thats right. DTAA is here


0

When did you get the notice under 143 1a? Generally it should be within a year of filing returns. See here Is the interest demand under 220(2) for the same year? Generally the 143 1a would have calculated interest as well. Please consult a Professional CA. You would need to pay this as "Interest" and file revised returns.


1

It depends on what you paid for, but usually audit support is an unrelated engagement to the return preparation. If the accountant made a professional mistake, you can request correction and compensation from that accountant, other than that any accountant can help you with audit regardless of who prepared the return. The original accountant would probably ...


0

Your approach is not inherently wrong, but a little bit myopic. You try to perform better than the tax of 30% in 1 year that's why you have a constant of 36.2029 in your equation. You should think of investing money for a long-term since you get your pension much later. Then your solution would be m = 1.03017r + 1200*(0.7^(-1/(12*N)) - 1) Which has a ...


1

Married fling joint, the 25% bracket starts at $75,000 taxable. You are in the 15% bracket from your day job. $80k gross puts your taxable income under $60k. Unless your side income will be over $30K, setting aside 15% for federal tax should be fine. But I'd want to avoid under withholding, and would use the day job to withhold more tax. I'd project my ...


1

Make a payment of the sum of the first two voucher amounts soon as you can: the interest and penalties will be smaller. The interest and penalties don't need to be paid right now; on your 2015 tax return, you should complete Form 2210 (the long version) to figure out how much you owe in interest and penalties. The IRS will offer to do such a calculation ...


1

Is your fiancé also a student? It sounds like the answer is no. I think once you become married, you will jointly become residents because your wife is not in school. However, I strongly suggest you contact the Michigan Department of Treasury directly and ask them.


-1

Perhaps the real question you are asking is "How can the tax code be fixed to make it simple for everyone (including me), and what would it take to effect those changes"? There are really two causes for the complexity of the tax code. Many of those who enter Government hold a desire for power, and Government uses the tax code as one lever of power to ...


1

Canadian residents working in the US and contributing to a 401(k) do need to include their own 401(k) contributions in their reported income. However, since 2009 they can deduct those contributions on line 209(?). A treaty revison made this possible.


3

Actually, if you don't care about paying a bit more, either hire an accountant and dump the paper on them, or (may be cheaper but a bit more work) spring for tax software. Modern tax programs can often download most of your data directly. If you don't care about claiming deductions you can skip a lot of the rest. I'm perfectly capable of doing my taxes on ...


0

Currently, the answer is no, you cannot get out of filing a tax return. As noted in the comments, if you want to pay more to get out of the drudgery of working on your return, you can pay an accountant to do it for you. You are not alone in thinking that the current income tax system in the U.S. is overly complicated. What you are essentially describing ...



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