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∙ 14y agoIf you are a citizen or permanent resident of the US, US income tax applies in addition to whatever tax the foreign country imposes. You can claim a tax credit for some or all of the tax paid to the foreign country.
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What percentage of taxes will you pay on 1500.00 in casino winnings?
$75.00
Do foreign business owners pay taxes?
yes we all pay taxes
IF I Received money from foreigner do i have to pay taxes for this?
Sure. A lot of the money many people make is from foreign sources...many companies and busiensses are foreign...the income tax is on what you make, not where it may have originated.
What if you have no money to pay your taxes?
You are legally required to pay taxes. Taxes are only due on money you have earned therefore if you owe taxes you have had the money. If you do not pay the taxes you owe you will be sent to court and made to pay - even if you go to prison you will still owe the tax man.
Do you have to pay taxes on estate money received?
Yes, you will have to pay taxes on any estate money received.
Do foreign golfers pay US taxes?
they should
Do athletes pay taxes on money won?
Yes they have to pay taxes on the winnings
Do republicans pay taxes?
No they raise money on taxes
Are gambling winnings reported bu the gambling establishment?
Any winnings that you are required to pay taxes on are reported by the casino to the IRS and to your state tax commission. In most states this would be any single hit jackpot of $1,200.00 or more. For instance, if you hit 3 Double Diamonds on a slot machine that pays $1,200.00 for that single hit, then you would pay taxes on that amount. The casino will issue you a W2G showing the taxes that you paid and the casino will report it to the IRS. But, if you were to win three $400.00 jackpots totaling $1,200.00, you would not have to pay any taxes on these jackpots. However, if you have accumulated or aggregated cash transactions (either paid into a casino or paid out from the casino to you) totaling $10,000.01, it will be reported because of the Bank Secrecy Act enacted by Congress to prevent money laundering.
Do you have to pay inherit taxes on money willed to you in NC?
If you inherit money willed to you in the state of North Carolina, you must pay taxes on the money. Inheritance taxes are more than regular employee taxes.
Do you have to pay US taxes on a fellowship you received in a foreign country?
no?
What are synonyms of taxes?
a synonom for taxes is pay or give money
