I am going to be receiving ongoing income from my grandfathers estate. I have been told that it is taxable because it is classified as income not an inheritance since it is income earned by the estate since his death. I an trying to get an idea of what tax rate I should expect to pay. I do not know yet exactly how much I will be receiving.
This is a retirement pension but I do not qualify for social security for another year. This income was taxed. Why is it treated differently than social security?
This is a retirement pension but I do not qualify for social security for another year. This income was taxed. Why is it treated differently than social security?
This is a retirement pension but I do not qualify for social security for another year. This income was taxed. Why is it treated differently than social security?
I have been working in a foreign embassy since 2007 and now that its time to file the taxes I am just wondering if my income can be treated as a foreign income(non-taxable) since i'm paid by a foreign government(for whose embassy i work). Also if it cannot be treated as a foreign income, where should i report it? I receive my salary by check, and since its an embassy they don't give me a W-2 or a 1099.
Hi
I am a strong believer in personal development and am looking for residual income business opportunity that will allow me to make extra income from home.
Any ideas along that line? I hate lotion/potion companies (as do my friends and family) so, any ideas/suggestions along the lines of internet marketing?
My husband is getting paid $12/hr this payroll gross was $918. The deductions are $278.40 (child support) and all the other taxes deductions. I see everything in order but they started also holding Philadelphia local Income tax for $88.04. I did know about Federal Income tax and PA income tax but this Philadelphia taxes I never herd of them and the withold amount is almost 3 times higher than the PA one. So he is only receiving $ $344.28 this payroll. Is this right?
Last year I worked for a startup as an independent contractor. I was paid in cash and also given equity shares. The company sold a few weeks ago and I received cash from the buyer in exchange for my shares. I know I'm going to have to pay taxes on it but I wonder if it is investment income or wage income? I read the IRS publication on income (#525) but that seemed to focus on 'stock options' which i believe is something different. I would love some help and advise from your experience.
Thanks,
Yoink!
I am planning to transfer the rental income from my house to my wife account for her personal expenses. I will club the rental income in my total income and accordingly paying the tax. Is any interest earned in my wife's account (from the rental income) to be clubbed in my total income?
