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Posts Tagged ‘Pay Taxes’

Is there a law that says you don’t have to pay taxes for food processing equipment?

We are trying to purchase a large bun toaster for a restaurant and we had heard that you don’t pay taxes when purchasing equipment that processes food…is that true?
We’re in Texas.
And by taxes I mean sales taxes.

By: oblivion_08



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How much can you gift a relative each year without paying taxes?

My grandma has quite a lot of money and she wants to start giving it away now as opposed to dying and then we inherit the money and pay lots of taxes.

By: tls



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How would my teenage daughter pay income taxes for money from her website?

My 15 year-old daughter owns a website and she gets an income from Google Ads and an online store. What is the best way for her to pay her taxes? Should we join it with our family taxes or separate the two? The website if registered under my name but the online store is under hers. Thank you!

By: PanDa



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do u have to pay taxes on a 2nd home that you sell if it was given to u by your parents?

My parents had a 2nd home and they gave me power of attorney and had the home put in my name and my husband’s. Mainly so the Nursing HOme, etc. won’t get it. Will i have to pay taxes on it, if we sell it, and does the nursing home still have access to it?

By: Kathy F



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if you were to purchase land outside the USA would you still be required to pay taxes on it?

If you wanted to live outside the US would you still be required to pay taxes?

By: enjoying my newborn



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How much money can my siblings and I give to our mother per year, before we have to pay taxes?

How much money could any one of us give her before we have to pay taxes? Considering there are four of us, is there a total she could receive in aggregate? This is in the United States.

By: Bill



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Any source that proves that illegal immigrants pay taxes?

I know that whether illegal immigrants pay taxes or not is controversial, but does anybody have a website that shows that they do?

By: clumsy



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Does Military persons have to pay Ohio state taxes if stationed in another state?

My son is stationed in Alaska, I was wondering if he had to pay taxes from the state he is from?

By: Marsha R



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If you pay taxes as self-employment, will it be considered as a Business?

I work as a child-care provider. I do it at my home, and every year I pay my self-employment taxes. I have been doing it for 3 years now. I have 7 children that I care for on a daily basis. Would this be considered as my own business?

By: Shirley



5 Comments

Does my child need to pay taxes?

I am considering opening an investment account for my 4 year old, starting with approximately $3000. The gains on this account will be his only income. Will he need to pay taxes on this? Or is there a miniumum amount he would need to earn first before taxes would be an issue?

By: Wondering????



3 Comments