Payment of income tax.

I received a settlement from the cooperative for the assets brought in and the years worked, and I ask if I will have to pay income tax ?!
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1 Answer

Answer :

Simply put, if at least 5 years have passed since the rights that were now settled have been acquired, such a transfer is exempt from income tax.
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income tax payment query

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A professional accountant has a professional duty or right disclose confidential information in each of the following, except: a. To comply with technical standards and ethics requirements. b. To disclose to the Bureau of Internal Revenue any fraudulent scheme committed by the client on payment of income tax. c. To comply with the quality review of a member body or professional body d. To respond to an inquiry or investigation by a member body or regulatory body

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A professional accountant has a professional duty or right to disclose confidential information in each of the following, except: a. To disclose to BIR fraudulent scheme committed by the client on payment of income tax. b. To comply with technical standards and ethics requirements. c. To comply with the quality review of amember body or professional bodyd. To respond to an inquiry or investigationby a member body or regulatory body

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Mark the correct option a) Surface mail received for delivery in India from a country India may be redirected by the surface mail to any country on payment if dispatched to its new destination. b) If the above charge not paid before redirection, it will be treated as insufficiently paid & tax equal to difference in postage (notdouble) to be collected at the time of delivery c) a and b are correct d) None of these correct

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Is there any reason to keep income tax returns dating back to 1999-2000?

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What is the reason for not doings things like income tax, banking, petitions, online?

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Is there income tax in California?

Description : Is there income tax in California?

Last Answer : Yes. I would be more specific but that seems to cover it.

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How much is the income tax for modelling? (NYC)

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Last Answer : Are you employed or are you a private contractor? Did you fill out a w-4? You decide how much taxes to take out based on your w-4

What do you plan to do with your income tax refund this year?

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Last Answer : I am not planning on getting one.

If you had the option to decide how much to pay in federal income tax,what percentage would you pay?

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Last Answer : My effective rate is 15%, according to turbotax. I’d be willing to raise that 2 or 3 percent.

How long does it take to receive the income tax return in Barcelona, spain ?

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What countries have no income tax?

Description : What countries have no income tax?

Last Answer : Here is a link to tax rates of countries around the world.

Are illegal immigrants required to file an income tax return?

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Last Answer : Illegal immigrants don't file. Remember they are hiding from the government. But, some do pay taxes. If they are using an illegal social security number they are paying in, their employers are ... them as though they are citizens. But, the majority of illegal aliens are working under the table.

Which income tax form do i use?

Description : Which income tax form do i use?

Last Answer : I'm trying to recreate this from memory, so take everything with the caveat that you should run it past a tax accountant! Yes, you can use Turbo Tax. I believe that unless you have a very ... that you can at least use the one you used last year, but certainly read through the information first.

What happens when you report a loss on your income tax?

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Last Answer : I believe a loss offsets your income you make, but that is only if you sell your stocks (or whatever you have in your portfolio). If you hang on to it then I don't think you can claim a loss. So ... for certain, but my brother does it all the time so he doesn't have to give the gov so much money.

We're Not Legally Obligated to Pay State/Federal Income Tax? It is a voluntary tax?

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Last Answer : I can direct you to a law on a dot-gov website that states pretty darn clearly what happens to you if you don’t pay federal income taxes. You go to jail. So if by “voluntary” you mean, your choice is your money or your freedom, the suuuure, it’s voluntary.

Do you need to file your income tax to receive the rebate?

Description : Do you need to file your income tax to receive the rebate?

Last Answer : answer:I believe that is one of the requirements, that you have to file taxes. I found the IRS's website on the rebates here Quote Millions of retirees, disabled veterans and low-wage workers who ... exempt from filing a tax return must do so this year in order to receive a stimulus payment.

I am unemployed. Do I pay federal tax on interest rate income i make from investing in treasury notes?

Description : I am unemployed. Do I pay federal tax on interest rate income i make from investing in treasury notes?

Last Answer : I would check the IRS website….but you probably do have to pay taxes on that income if it exceeds a certain amount.

Do you believe that, during your lifetime, the current USA federal income tax (and the IRS) will be eliminated and replaced with a federal sales tax?

Description : Do you believe that, during your lifetime, the current USA federal income tax (and the IRS) will be eliminated and replaced with a federal sales tax?

Last Answer : I don't think a national sales tax is the answer. Now, I'm no economist, so my logic may be faulty but here goes: For the purposes of this example, assume all 3 families consist of 2 adults and ... fair and across the board is to go with a flat percentage rate tax on income only, paid by everyone.

the federal income tax is a _____ -General Knowledge

Description : the federal income tax is a _____ -General Knowledge

Last Answer : The federal income tax is a progressive tax.

Which is the tax that takes away a higher proportion of one’s income as the income rises? -General Knowledge

Description : Which is the tax that takes away a higher proportion of one’s income as the income rises? -General Knowledge

Last Answer : The answer is 'Progressive tax'

By whom is Agricultural Income Tax assigned to the State Governments? -Do You Know?

Description : By whom is Agricultural Income Tax assigned to the State Governments? -Do You Know?

Last Answer : answer:

Which is the tax that takes away a higher proportion of one’s income as the income rises? -General Knowledge

Description : Which is the tax that takes away a higher proportion of one’s income as the income rises? -General Knowledge

Last Answer : answer:

Which is the tax that takes away a higher proportion of one’s income as the income rises? -General Knowledge

Description : Which is the tax that takes away a higher proportion of one’s income as the income rises? -General Knowledge

Last Answer : answer:

With a gross income of 30,000 and a 25% tax deduction, what is your monthly net income?

Description : With a gross income of 30,000 and a 25% tax deduction, what is your monthly net income?

Last Answer : 22500

What online personal income tax software for both federal and state taxes can you recommend?

Description : What online personal income tax software for both federal and state taxes can you recommend?

Last Answer : I recommend online personal income tax software for both federal and state taxes, as well as software to help you file an extension if you need it.cutt.ly/JjWSDSE

What is income tax ?

Last Answer : Tax on profit / The amount of income paid by the owner or organization to the state or government is called income tax.

What is Income Tax ?

Last Answer : Income tax is a tax payable on the income or dividends of an individual or entity. Under the Income Tax Ordinance 1974, tax refers to income tax payable under the ordinance , additional tax , surplus ... government to meet the expenses of the state in the interest of all the people of the state.

In what year did Bangladesh land first come under income tax ?

Last Answer : The land of Bangladesh came under the first income tax in 180.

In which country was the first income tax born ?

Last Answer : The first income tax was born in Britain.