 Can I deduct my dogs from my taxes? |
| I'm getting ready to do my taxes and somebody told me that I can somehow deduct money from my taxes for my dogs?? I've never heard of that. Can anybody help me with that?? thanks...... |
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 CAN I CLAIM MY NEPHEW AS A DEPENDENT IF HE DOES NOT "LIVE" WITH ME? ? |
| Hello... Can I claim my baby nephew as a dependent if he does not live with me... I know head of household is if he lived with me...so what would my status be? would it be single... with a dependent?... |
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 My fiance is self employed and hasn't filed taxes in seven years. I have gone through and sorted all receipts |
What do I do now?
Additional Details
We arent married yet, but are living together for a year now. I sometimes call him my husband. Sorry if anyone thought I was trying to bulls**t them.... |
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 Home run Ball? IRS Taxing it!? |
The guy who caught Barry Bonds home run ball wanted to keep it so The IRS wanted to tax him on the value of the ball he does not have the money for the taxes so he has to sell it.
Do you T... |
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 Why are people so big on the flat tax? |
| A question was posted about tax reform, and all the responses that got "thumbs up" suggested the flat tax, and all the responses that were rated poorly suggested raising taxes for the super ... |
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 How much would the tax be for something $249.99? |
| Hey all, I'm not very familiar with taxes, so I'd really appreciate the help. I'm planning on giving my nephew enough money to buy something that's $249.99, the only problem is ... |
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 Which candidate will tax me less? |
| I make around 375,000 a year. I have 2 kids. Will McCain or Obama tax me less?... |
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 Am I getting ripped off on my tax service? |
I went to jackson hewett for taxes, and my refund was going to be 370 dollars basically, and am getting charged $150 by jackson hewett, the tax preparer! Is this too much?
Additional Details... |
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 Im in uk and i have 35,000 dollars? |
| i wana buty a terrance house which has 4 bedrooms can i buy it with 35,000 dollars is it enought to buy a house ... |
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 Are Christmas Bonuses Taxable? |
| I have a small company, and this year i would like to give deserving employees a Christmas bonus. However in Quickbooks, I am not sure if this is a taxable bonus or not. Can any one help me?... |
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 Deceased person being billed for council tax (UK)? |
| My father passed away in January 2006. He used to run his own small business, and rented a shop unit from a landlord. Upon his death, I informed the landlord and local council of this news, and ... |
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 I pay 800 a month in child support is there a way to claim that on taxes in any way.? |
i would like to do this without asking the mother for permission or a court order
Additional Details
well i realize child suport is a oblidation smat asses but i get a tax break on my ... |
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apocq | What happens if I put my money in a UK account? |
I'm a US citizen and want to do this. I have a regular job I pay taxes on and make extra money as a sports bettor (punter in the UK). I don't want the US government to take that money. In the UK punters don't pay taxes. I just wanna know what can I do to get my gambling money in a UK account. |
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PepsiLime
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Being a US citizen you are taxed on worldwide income no matter where you earn it. I'm not going to tell you how to avoid taxes, that would be tax fraud. |
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david536259
 |
But doesn't the US tax you on your world wide income - and that would include the UK too |
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DimBlonde
 |
You are responsible for and liable to pay tax on all income, regardless of where the income is earned, in the country where you are a registered tax payer. That is the general law applicable in all EU countries and the USA.
What you are trying to do is cheat your IRS service, thereby cheat your own country and fellow citizens and makes you no better then a common thief.
And that is the same as being real cheap.
EDIT:- People are so out of date. Forget the Swiss thing. No more number only accounts. The Swiss were forced to sign the anti tax haven agreement with the EU and USA fo help fight terrorist and crime dollars. Even the Swiss notify the authorities in the account holders country of residence about the account and of any interest earned. It's all taxed. Even if you open an account in someone elses name they will have to pay tax, so they will want it back from you.
The very best thing to do is find a way to hide it in your own country. Also keep in mind that gambling on the internet is illegal if you are a citizen of the USA. You have even more big brother then anybody else in the world. So much for the land of the free, what a laugh!!! |
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Matrixcm
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There is a tax treaty between the USA and the UK where they share information including your bank account info. When you open an UK bank account, they will request for your ID which is a US passport. After that, IRS will know you have a bank account in the UK. US government won't take that money but will tax you on your sport winnings. Don't put it in a UK bank account under your name. |
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Cassandra
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Gorgon Brown will find a way to steal it from you. |
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jenkin1950
 |
Just don't use Abbey! |
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Debs
|
Okay here is the tax situation. As a US citizen the US taxes you on your worldwide income. As the income is earned in the UK, the UK also taxes you. You will get tax relief known as double taxation relief (DTR) as the UK & USA have a tax treaty, basically an agreement that a citizen of either country should not have to pay the tax twice on the same income. The relief will be at the lower rate. For example say you earned interest of £1,000 and the tax rate in the UK is 20%, you will pay UK tax of £200. Assuming an exchange rate of 2 (just for simplicity) this equates to $2,000 interest & $400 dollars of tax paid overseas. If in the USA the tax is 25%, then you will pay $500 tax in the USA but you will get DTR and can deduct the lower tax suffered, in this case the UK tax of $400, so you will end up paying $500.
Now lets do the same example but assuming the tax rates are the other way round, UK 25% and USA 20%. In the UK you will pay £250 or $500 and on the UK tax return you would get DTR for $400 tax paid. You would also in the US pay $400 so you end up paying $500 in total, therefore no different. |
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ellie
 |
Lol are you a launderer then im sure its highly illegal you know x |
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Judy1
|
As a US citizen you are legally required to pay taxes on all of your income - having it deposited into an account in the UK would not change this.
If you are asking if doing this would make it easier for you to illegally evade taxes, it might, for awhile, or it might not. |
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sonny
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put it in mine ill look after it lol |
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keef
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Don't use Nationwide you will queue for hours, they will start selling books of postage stamps soon. |
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MukatA
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As a U.S. citizen you must report on your 1040 what you earn in the UK. If you pay taxes then you can claim credit for taxes paid in the UK; depends upon tax teaty.
You can put whatever you can in a UK account, but you must report your income.
One more requirement, if any time in a year you have more than $10,000 in foreign countries you must file Form TD F 90-22.1. File with the Department of Treasury by June 30, 2008. If you are required to file and do not file it, the penalty may be up to $10,000 (or more in some cases). The Form TD F 90-22.1 can be download from
www.irs.gov |
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The Spong
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If you annoy the CIA you are going to find yourself wearing an orange jumpsuit in a country you have never heard of. If you dick around with the IRS you will WISH you were wearing an orange jumpsuit in a country you have never heard of!! |
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Ron
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They can still track it and take it. |
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tyrefitter2000
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You get taxed.
We get taxed for every bloody thing.
Swiss account pal. It's the only way |
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mavericam
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I beg to differ mate but yes there is Tax on gambling in the UK |
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