By use of the term "cottage" I wonder if your British?
In the US many taxes are due on the sale of real estate, especially if it is other than your primary residence.
Generally, (but only meeting certain qualifications) the GAIN in value on your primary residence will not be taxed. On any other proerty, like any other investment (stock, bonds, art, whatever), the gain (making of money) is taxable as such - an income tax. It does, generally get a lower rate than ordinary income.
In virtually all cases, and depending on where you live, there are a multitiude of other taxes, more transactional in nature that are due to any number of tax districts...ranging from improvement taxes to simply recording charges for the paperwork. Some are fixed price and some are dependent on the sale price.
$12,176
No but what you do with the money may be taxable.
Exactly that way
The amount of an individual's annual income on which tax is payable Here is a link: http://www.finance-glossary.com/define/taxable-pay/1415/0/T
It is not fedarally taxable.
Of course. Even income from business deals occuring entirely out of the country are taxable income. Forreign source, but taxable here (and maybe there).
If the fringe benefit is taxable the amount will be added to all of your gross taxable income and taxed at your marginal tax rate. !000 X 10% = 100
You can get the answers at 4socialsecuritydisability.com. Their answer is that your disability benefits might be taxable IF you, or you and your spouse if filing jointly, have enough income to require paying taxes.
Well...payable after death. Your estate will resolve your business affairs (whatever they be) after your death, so debts and taxes (for the part of the year you were alive), etc are paid, before any heir can get anything. Then the estate ends...and your business obligations can rest in peace.
the GPP itself are exempt for withholding tax but if the income payment are payable direct to the members of the GPP then it is subject to withholdinbg tax.. The GPP is not a taxable entity because its member are taxable individually, so the gpp are exempt from withholding..
First announcement by a firm of an ordinary, taxable, cash dividend payable at the quarterly, semi-annual, or annual frequency to holders of ordinary common stock.
$46,840.50