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3 votes

Does HMRC Income Tax Returns for High Earners only apply to self employed individuals?

No, it's not just for self-employed - PAYE employees with an income over £100k need to do a Self Assessement tax return (just as the quote you use indicates!). You can confirm this with HMRC's Check ...
  • 3,687
3 votes
Accepted

When to use a CPA and when to use a Tax attorney?

As mentioned in the comments, any tax professional will tell you what specific representation is required. I'll list the different types available. Note: this is for US only, in other countries this ...
  • 134k
0 votes

Should I file a W-8 BEN for RSUs vesting while I'm in the US?

If you're not becoming a US tax resident you should continue using the form W8-BEN. You may also use form 8233 if appropriate. RSU vest is treated as salary income in the US (i.e.: earned income from ...
  • 134k
1 vote

How to resolve my unearned income issue with the IRS?

You're being audited for the tax year 2019. In the audit the examining officer found some mistakes on your return and proposed changes (changing earned income to unearned income). They're asking for ...
  • 134k
8 votes

How to split bills without it showing as income?

It sounds like you are repeatedly paying, for each lesson taken. In that case, you could take turns paying the bill, so that you pay one bill in full and your partner pays the next bill in full. This ...
2 votes

Is it still possible to file a US federal and/or California personal income tax return for 2020 and 2021?

For Federal Taxes: The tax return for your income earned in 2019 was due in April 2020, has a 3 year deadline, so It must be filed by April 2023. The tax return for the income earned in 2020 was due ...
58 votes
Accepted

How to split bills without it showing as income?

There's no need to do anything. You don't need to declare it on any tax form, and if you are ever audited by the tax authority (HMRC), just explain what happened. Repayment of a debt/sharing an ...
1 vote

How do I contact the IRS about my tax return from a non-US phone number?

In the North American Numbering Plan (of which Canada is part of, and which is dialed through the international access code +1), 800 is a "toll free" area code where the receiver of the call ...
  • 134k
2 votes

UK Tax Code Adjustment Effect on Higher Tax Bands

I think you-re over-complicating it. Your tax allowance is subtracted from your salary before the tax is calculated. For example, if you earn £40k, and have an allowance of £10k, then your taxable ...
  • 9,046
1 vote
Accepted

UK Tax Code Adjustment Effect on Higher Tax Bands

I didn't really understand your bulletpoint-ed section, but Or, [do] the latter bands remain fixed, and the claw [back] is entirely from the reduction in your personal allowance? Yes, the band sizes ...
  • 3,687

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