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If you are in the US, technically that would be income and you'd have to file it under miscellaneous income, much like if it were gambling winnings.
Yes it is taxable - basically, increases in wealth are taxable. The "hidden hoard" is a famous tax case where someone bought a Piano and much latter found a hoard of $ in it. There were tax accounting issues as to the $...could they offset it by the cost of the Piano, did they actually "buy" the money when they bought the piano...etc....but the bottom line is...found value is taxable.
What else can I help you with?
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 republicans pay taxes?
No they raise money on taxes
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 nuns pay taxes?
No They do not make money and so they do not have to pay taxes. All of there needs are satisfied by the church.
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 athletes pay taxes on money won?
Yes they have to pay taxes on the winnings
Do you pay taxes on your checking account?
No, you do not pay taxes on the money in your checking account.
Do republicans pay taxes?
No they raise money on taxes
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.
What are synonyms of taxes?
a synonom for taxes is pay or give money
Did you have to pay taxes to be a citizen of athens?
Citizen of Athens had to pay taxes with the rich not having to pay taxes. The rich did have to pay for thing that the tax money didn't cover.
Where does the government get money to pay for all the services it provides?
taxes
Do nuns pay taxes?
No They do not make money and so they do not have to pay taxes. All of there needs are satisfied by the church.
How do counties get money to pay for these services?
Taxes?
Do you have to pay the taxes on the money before you can get it?
yes
