 Why is there going to be a recession in the future? |
| I am wondering what are individuals going to do when they are caught in the recession or depression times in the near future. However, I would appreciated it, if you could some advice on what to do ... |
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 Somebody paid me too much, what should I do? |
| My insurance company sent me a check for $3500, it was supposed to be for $350. What should I do?... |
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 Can someone help me with my ebay query? ? |
Is it possible for someone selling an item on ebay to stop the listing at the current price displayed and if so how do you do it?
i dont want to sell it not through ebay (ie was sent a message ... |
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 Why are there no Wal-marts in New York City? |
| If walmart is supposed to be the biggest retailer in the world, how come they have no establishments in one of the biggest cities in the world. It is recognized as a huge, multi-national corporation ... |
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 Are meetings in work places generally a way for the work-shy to appear like they are actually producing? |
| Other than hot air is there really any point to them, communication aside? If someone wants to know how people are getting on, why not just go to them and ask?... |
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 Why is customer service now days becoming soo bad?? |
Additional Details
For instance...I am dealing with a company that I have to call every day to make sure they are actually doing what they are supposed to. If I dont call...I get the ... |
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 Employee fired for catching thief? |
A 24-year-old Home Depot employee in Murfreesboro, Tenn.,
is unemployed this week after catching a man who took cash from an on-site soda machine. Former department manager Dustin Chester ... |
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 Why don’t the 3 big auto makers ask Saudi Arabia to bail them out, they are the ones really reaping the profit? |
Additional Details
Pixi, I am aware that there are several countries we get oil from, its just that they feed the auto industry "oil"... |
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 Howcome when I ask people's name on the phone they get weird? |
| sometimes when I talk to a customer service rep or whatever, especially if it's a white girl, they get all weird like if I ask them their name, they sound hesitant to tell me? Tell me, is that ... |
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 Is accounting a difficult subject? |
| studying accounting is hard or not?... |
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 Why does McDonalds have such horrible food service? Is it because they don't care for anything except money? |
This is in response to their new ad.
McDonald's is trying to copy Wendy's salads. Think of something original. I am so tired of McDonalds saying how you care for your customers by ... |
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 Ebay question? |
if you give someone negative feedback thats fair can they refuse to let you bid on their items after that? even though your previous purchase was paid for directly after it was bought
A... |
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 Is there a legal length of time an employer has to discipline an employee? |
| The particular case in question---the manager at my office decided after 5 months she would go back and write all employees up for any tardies, sick days not approved, etc.... |
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Maryhill | Not reporting income to the IRS? |
Not reporting income to the IRS?
If a person receives a monthly sum deposited into their bank acct. from a bank in Bermuda do they have to pay taxes on it. Let's say in one year a person received 96,000.00(non taxed money in Bermuda) by way of transfers...can the IRS discover this and make them pay taxes?
Thanks for any help.
Additional Details
The person receiving the money lives in the US. All monies come from the father's business (US & International) |
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miss nice
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The money is fully taxable and failing to declare them as income is tax evasion, punishable by fines and jail time. Since the money comes from abroad, there will be different tax applied to them, then the income earned in US. But non the less it is taxable income. |
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Dr Dee
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Heavy penalties would have to be paid, wont be worth it after all. |
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Richard H
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yes, they are required to pay taxes. And yes, the IRS can do an audit and discover the fact that they are not paying taxes. The IRS can then asess penalties and interest on overdue taxes. |
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AOMGMC77
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If the IRS finds out, yes you can be forced to pay taxes... and even do jail time for tax evasion.
You need to speak with an accountant. |
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old school
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Jail time is in their future... |
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lmnop
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It depends on what the source of the cash payments was. If it is interest then yes, it is taxable. If it is a distribution of capital from an investment, then it isn't. However, these are only the basics. You really should consult with a CPA who has experience in foreign source income. |
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tiffiek
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If they live in the U.S. and are a citizen, they are 100% liable for income taxes they patriate. If they never repatriate the money, then their tax situation is different. So yes, every dollar wired into their local account or even money they spend from the offshore account in the U.S. is fully taxable. Call a good lawyer. |
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therogakreport
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Tax evasion is a crime. Declare the income and if there is an exemption that applies, claim the exemption. The tax you'll pay on the money will seem cheap compared to the cost of defending yourself in a tax evasion case. |
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