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Do you have to declare rental income on a home that is free and clear?
In the phrase "rental income", the operative word is "income". Yes, you have to declare it.
How can unclaimed income be subject to child support?
Child support is based on the income that the court finds that a person earns, not what their tax docs show. If one party believes that the other party is failing to claim some income, they would have to show proof of the hidden income, and ask the court to declare that the person's actual income reflects the higher number.
Whether a person resident in India may own any immovable property situated outside India?
Hi, Yes of course. But you need to declare that in your Income Tax returns. If it generates any income every year, again you need to declare that in your tax returns. Hope this helps
Do you have to declare severance pay as income?
Yes. You were paid, you pay.
Do i have to pay taxes on a trust fund?
If you derive income from a trust fund then you must declare that income on your tax return.
What is an income tax return?
Each year every person living in most countries has to pay a tax on how much they have earned in the year. The income tax return is the form on which they declare what they have earned so that the tax due can be worked out by government officials.
Do strippers have to pay taxes?
Yes, they need to declare their income as tips on their 1040-A
How to declare forgotten income on an already filed tax return?
amend the return.
Is it legal for one person to be paid two different wages for the same job?
If you are living in the UK, then yes that is legal. You will still be classed as having two jobs and should declare which job is your main income and which is your second income. You would generally pay extra Income Tax on the second job so it is always advised that as your second job, declare the one with the least pay. Sorry if you live anywhere else, I am unable to give an answer for anywhere else.
What is the total income of Mumbai?
No way of estimating. Only the salaried people declare their actual income.All others may not be declaring their actual income.
How much do I have to pay in taxes if I am doing freelance photography?
According to the IRS, you need to declare your tax as a self-employed person when 1. Your net earnings from self-employment (excluding church employee income ) were $400 or more. 2. You had church employee income of $108.28 or more.
When is it necessary to declare bankruptcy?
It is necessary to declare bankruptcy when a person cannot afford to continue paying for bills and other things they need. A person may declare bankruptcy if their business is not making any money.
