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When would someone need a gift tax?
A gift tax is very rare and most Americans don't need to pay tax on ordinary gifts. The person who gives the gift, not the person who receives it, must pay the tax.
Will iget banned from driving ifi have no tax no insurance and the car is not regested what do i do?
Pay the tax,insurance, and fees, or get an attorney.
Should I contact an attorney for tax representation?
An attorney or a CPA can be used for tax representation. Ideally a CPA who also is an attorney would be your best solution.
Do you pay taxes on executor fees if you are also an heir?
You will pay income taxes on all income, including fees your earned. You would not pay inheritance tax on that amount. It would be a good idea to consult a probate attorney in your state.
When would you need the help of a tax attorney?
The services of a tax attorney should be sought when you are starting a business and would like advice on the structure and treatment of tax on your business. You might also want to consider hiring a tax attorney when you are under criminal investigation by the IRS.
Do you pay tax on a gift that you then sell?
For federal income tax purposes, you would not pay tax on the gift itself, but you would pay a tax on the increase in value (its appreciation) from the time you inherit it until the time you sell it. As far as state income taxes, that depends on the particular state you are in, so you have to check that out with someone familiar with the tax laws of that state.
Which type of business tax attorney can assist in setting up a small business?
In short an experienced business tax attorney would be the way to go if you're planning on starting a small business. An experienced business tax attorney can find and get you excellent tax breaks and spot loopholes that an inexperienced attorney would not be able to do.
Do you pay tax on clothes?
of course everything thing has tax even if like someone were to buy you which *coughs no one would ever want to ew hah you would be tax kk call me
Why would a corporation rather borrow money and pay interest than sell stock and then pay dividends?
Interest is tax deductible, so amounts paid lower the tax they would have otherwise paid. Dividends are paid with after tax earnings..there is no tax deduction for them. Of course, someone receiving interest pays tax on it at their ordinary income rate, and someone receiving dividends pays tax at the capital gain rate, which is lower.
You were left money in a will Do you have to pay taxes on it?
There are many regulations regarding inheritence tax. You'll need to talk to your tax attorney or accountant.
What is taxing someone to their ability to pay?
A Progressive tax.
How much tax would you pay if you got a job you are retied and recceve a works pension?
Would pay no tax......
