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direct income
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∙ 13y ago
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Is state pension unearned income for tax purposes?
Yes, state pension is considered unearned income for tax purposes. It is subject to federal income tax, but may not be subject to Social Security and Medicare taxes. State tax laws may vary on how state pension income is treated for tax purposes.
How are intangibles such as goodwill treated for income tax purposes?
In the United States, general intangibles are amortized over 15 years.
Does a us citizen receiving dutch old age pension income treat the income as social security income for tax purposes?
No. It would be treated as a normal pension payment.
How much do we pay if we have a zazzle shop for tax?
For tax purposes your income from a Zazzle Store will be treated as self employed income which should be declared on your annual tax return. Depending in which country you pay your taxes, Zazzle may have to declare your earnings to the Tax Authorities.
Are state income tax payments deductible on a corporate tax return?
Yes. State income (and net worth based) taxes are deductible from taxable income for Federal income tax purposes.
Is sales tax deductable?
Gas tax is an excise tax not a sales tax. It is therefore not deductible for federal income tax purposes.
Is Gas sales tax deductible?
Gas tax is an excise tax not a sales tax. It is therefore not deductible for federal income tax purposes.
Does welfare count as income for tax purposes?
Yes, as it replaces earnings.
What has the author Harold William Jasper written?
Harold William Jasper has written: 'Averaging of income for federal personal income tax purposes' -- subject(s): Income tax, Income averaging
Is a snowmobile considered a recreational vehicle for federal income tax purposes?
I have never paid tax for mine
With respect to prepaid income from services is the treatment of prepaid income the same for tax and financial accounting?
No - for financial accounting it is treated as deffered income (included in income when earned) and for tax perposes it is income in the year received.
What is the ratio of taxes to net income?
The answer depends on the country that you are domiciles in, for tax purposes.
