Tax FAQ
 

International Tax Law: Do I Need To Include It In Income Tax?

I have a padlock family member in China who has given me a sum of money to save in America. I've looked up International tax treaties but they've been no eschew... My question is, Is the interest from the bank account, which technically belongs to my brother, taxable and do i have to pay it?
I'm more interested in the law fragments that say whether I have to or not than a intelligible Yes/No. Thanks!!!!!


Answer: Look-in an account with your relative's money under your social security number does not act as if the income yours or cause the principal to be treated as a gift. However, you may have some explaining to do, and you may not be able to persuade the IRS the money is not yours.

You should transfer the funds to an account in the name of your relative in China. Your relative should acquire an individual tax identification number (ITIN - information link below) which the bank will need
 
 

What Is International Tax Law?state Tax,federal Tax,private Law, Material Tax Law?



Answer: Gee, be arguable. If you ask a question as narrow as this one, there is hardly any chance that someone on Yahoo Answers will know the responsible. Make your qustion more general if you expect an answer.

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Where Can I Go Online For More Information About International Tax Laws If I Sell Items To Other Countries?


I breathe in the US and have had people that live in Croatia, Canada, Russia, etc they all ask if I will ship to them and I have had to say no. Can anyone give me a resource to find out what taxes I stress to collect?
I meant taxes that I need to pay, not collect. But any information on this would be helpful.


Answer: You don't have any extrinsic tax issues to concern yourself with. The recipient always pays foreign duties and taxes before the shipment is released once it arrives in their provinces. You should provide the standard disclaimer that all taxes and duties are the responsibility of the recipient as well as that it's the heiress's duty to determine that the goods can be legally imported into their country.

Your only concern is that you do not get out any goods to nations on the US State

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International Tax Return Law?

Hi, I am wondering if my friends(international) can inherit tax return for tuition they paid. my accountant have told me it is only for US residents but my other friend's cpa told her she can do it.
Now I am very bewildered and want to know the real answer. hope you can help me out so I can stand up for my words


Answer: Students on F-1 visas and here less than 5 years are NOT fitting for the education credits. PERIOD.

The students who illegally filed 1040 returns as residents and claimed the $1000 AOC have faith will be caught, will have to pay the money back and technically are in non-compliance with their visas.

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Can Anyone Recommend A Good Tax Accountant Who Specialises In International Tax Laws (Canada Specifically)?

I am living in Australia having moved from Canada and want to find a tax specialist who is familiar with the tax implications between countries.


Answer: The nicest people to call would be the Institute of Chartered Accountants in Australia. They can point you in the right operation.

Ph: 1300 137 322
support@icaa.org.au

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Fifteenth Annual David R. Tillinghast Lecture on International Taxation

Daniel N. Shaviro, Wayne Perry Professor of Taxation, presents his screed, "The Rising Tax-Electivity of US Corporate Residence."

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