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tax payment
Anonymous

Created on: 02/06/2014
Last post: 25/07/2014

Replies: 0
do I need to pay a tax payment on a loan of £7000 from a bank account in usa to mine in uk?

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Thread Title
Anonymous

Created on: 22/05/2014
Last post: 23/05/2014

Replies: 0
Hello we are going to launch a copmany LLC in US, do we pay state corporate income tax?

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The European Banking humorist processors
annuatero

Created on: 11/03/2014
Last post: 12/03/2014

Replies: 0
Bitcoin is a peer-to-peer payment system and digital currency introduced as unagreed source software in 2009 on pseudonymous developer Satoshi Nakamoto. It is a cryptocurrency, called because it uses cryptography to suppress the creation and move of money.<>] Conventionally, the capitalized word "Bitcoin" refers to the technology and network, whereas lowercase "bitcoins" refers to the currency itself.<>] Bitcoins are created beside a process called mining, in which participants prove and take down payments in swap for matter fees and newly minted bitcoins. Users send and give entr‚e bitcoins using wallet software on a exclusive computer, animated ploy, or a snare application. Bitcoins can be obtained beside mining or in exchange for products, services, or other currencies.<>] Bitcoin has been a lay open of probe exactly to ties with illicit activity. In 2013 the U.S. FBI shut down the Silk Direction online resentful vend and seized 144,000 bitcoins worth US$28.5 million at the time.<>] The U.S. is considered Bitcoin-friendly compared to other governments, however.<>0] In China budding rules restrict bitcoin change for city currency. The European Banking Dominion has warned that Bitcoin lacks consumer protections.<>2] Bitcoins can be stolen and chargebacks are impossible.<>3] Commercial utilize consume of Bitcoin, illicit or under other circumstances, is currently minor compared to its contemn via speculators, which has fueled guerdon volatility.<>4] Bitcoin as a order of payment looking for products and services has seen spread, manner, and merchants be suffering with an encouragement to receive the currency because transaction fees are lower than the 2–3% typically imposed via commendation birthday card processors.<>5]

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The European Banking birthday card processors
annuatero

Created on: 02/03/2014
Last post: 03/03/2014

Replies: 0
Bitcoin is a peer-to-peer payment set and digital currency introduced as announce creator software in 2009 on pseudonymous developer Satoshi Nakamoto. It is a cryptocurrency, called because it uses cryptography to control the start and hand on of money.<>] Conventionally, the capitalized chit-chat "Bitcoin" refers to the technology and network, whereas lowercase "bitcoins" refers to the currency itself.<>] Bitcoins are created beside a proceeding called mining, in which participants substantiate and document payments in trade in behalf of transaction fees and newly minted bitcoins. Users send and take into one's possession bitcoins using wallet software on a private computer, animated ploy, or a snare application. Bitcoins can be obtained nearby mining or in unpleasantness owing products, services, or other currencies.<>] Bitcoin has been a subject of probe due to ties with illicit activity. In 2013 the U.S. FBI conceal down the Silk Road online coloured demand and seized 144,000 bitcoins worth US$28.5 million at the time.<>] The U.S. is considered Bitcoin-friendly compared to other governments, however.<>0] In China budding rules delimit bitcoin exchange for the benefit of local currency. The European Banking Prerogative has warned that Bitcoin lacks consumer protections.<>2] Bitcoins can be stolen and chargebacks are impossible.<>3] Commercial use of Bitcoin, illicit or under other circumstances, is currently miniature compared to its profit by via speculators, which has fueled prize volatility.<>4] Bitcoin as a form of payment quest of products and services has seen spread, on the other hand, and merchants keep an inducement to receive the currency because transaction fees are lower than the 2–3% typically imposed by have faith card processors.<>5]

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TAX EVASION HITS DEVELOPING COUNTRIES
Roy

Created on: 04/02/2014
Last post: 07/02/2014

Replies: 0
Nothing new under the sun. Not new is neither the omission of the fact that the US allow systematically the opening of anonymous bank accounts and the depositing of any amounts of non-declared moneys by foreigners in US banks. I cannot imagine that GFI is not aware of this anomaly.

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U.S. taxation on overseas income
vincent

Created on: 31/01/2014
Last post: 03/02/2014

Replies: 0
Hello everyone, I have a question to ask: I am an U.S. Citizan and resident, since over 25 years, but born in Italy, I work in the United States where I pay my taxes regularly for my properties and my salary, and I pay taxes in Italy for incomes refered to italian properties.    I decided to sell a property in Italy to buy another one, always in Italy, the property was purchased in 1982 at a value of about $ 40,000, now I'm selling at a price of $ 370,000. I am told that I have to pay here in the United States a tax on the difference in value, and I am told that the amount is about $ 90,000 (25% ???) In fact I have bought and sold, after more than thirty years, the normal market price, I always regularly paid taxes in Italy for my Italian annuities. Wonder if someone can help me figure out what to do! Thank you, Vincent

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S-Corp gives Soc, not an EIN number on W-9
Steve Ballard

Created on: 16/10/2013
Last post: 30/10/2013

Replies: 1
Hello, We just hired a subcontractor and received their W-9. The information on the W-9 gave me the Name, Business Name (which is LLC), they checked that they are an "S" corp but only gave us their social security number (no EIN is entered). Do we 1099 them?

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Closing date to Report Foreign Bank Accounts-June 30th 2013!
Ask Taxguru

Created on: 25/06/2013
Last post: 30/09/2013

Replies: 1
Individuals and businesses having a bank account or any other type of financial account with a bank or financial institution outside the United States need to file a special report with the U.S. Treasury Department if the aggregate balance of all accounts is at least $ 10,000 at any time throughout the year. The report which is called Report of Foreign Bank and Financial Accounts (FBAR), is due on or before June 30th 2013 to disclose the account holdings for the year 2012. As this time June 30th is a Sunday, make sure you submit your FBAR ahead of the deadline ,so that the document is received at the Detroit FBAR processing center. Using a delivery provider which provides timely delivery with return receipt service should be preferred to ensure that it has reached the office. If you wish to use the United States Postal Service then you can mail it to the below address: United States Department of the Treasury P.O. Box 32621 Detroit, MI 48232-0621 Source: http://www.asktaxguru.com/8122-closing-date-report-foreign-bank-accounts-june.html

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Can I incorporate a business?
Denny Ling

Created on: 14/08/2013
Last post: 16/08/2013

Replies: 0
Hi Guys, I wish to incorporate a business but the problem is I am on a work permit. Can I incorporate a business, if I am on a work permit(L1) ??

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Pulling out of contributions from Roth IRA
Brian Green

Created on: 08/08/2013
Last post: 12/08/2013

Replies: 1
I have a need for about $22,000 urgently. My Roth IRA has a balance of $126K. Of this, $24K is my original contributions made between 1999 & 2009, the rest is gains. My understanding is that I can withdraw my contributions with no tax consequences which in my case, could is $24K. Is there anything that I need to watch out for before I make the withdrawal?

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Indian Investment company investing in U.S. stock market and financial instruments
John

Created on: 03/07/2013
Last post: 08/07/2013

Replies: 0
Dear All,

Indian investment company intends to invest in U.S. Stock market and in other financial instruments.
what will be most tax efficient structure for routing the funds from India to U.S.

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Depreciation Selling
Anonymous

Created on: 23/06/2013
Last post: 28/06/2013

Replies: 0
It is possible to sell depreciation over fixed assets? How it works?

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