Do I need to pay US income tax on foreign (UK) earned income?

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There are ten answers to this question.

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Answer:

If you are trading in shares, yes. Otherwise the profit would be within capital gains tax. Unless you...

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zorro at Yahoo! Answers Mark as irrelevant Undo

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Do I need to pay tax on oversea income in the UK?

Currently I am uk domicled and residence in the UK (lived here all my live). Next year I plan to move aboard to work for an oversea employer for a year. WOuld I remain domicled in the UK but become a non-residence for that year as i would leave the UK...

Answer:

You'll be not resident but ordinarily resident. You have to leave the UK for a complete tax year to...

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sonyboy8... at Yahoo! Answers Mark as irrelevant Undo

If someone leaves India in Novenmber 2009 to work abroad does he need to pay tax on his income earned abroad?

If someone leaves India in Novenmber 2009 to work abroad does he need to pay tax on his slary earned abroad during the tax year 2009-2010?

Answer:

To be an NRI you should be out of India for more than 180 days in a financial year so for 2009-10, you...

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privatei... at Yahoo! Answers Mark as irrelevant Undo

Tax for offshore company if an income is earned in UK?

I'm a foreigner and I've been working as freelance in UK and now my sister is setting up a company back home. The company's business include what I do and wants me deal with UK clients a lot so I'll be made UK head of the company. I'll continue working...

Answer:

A company that carries out business in th UK is subject to UK corporation tax, even if it is registered...

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Do I have to pay UK income tax if I'm a non-resident and I'm a partner in a UK LLP?

Me and my partners, we are residents of Russia (non-residents of the UK), and we plan to found a Limited Liability Partnership (LLP) in the UK. The LLP then will provide services to EU companies, which reside outside the UK. Russia has signed a double...

Answer:

A partnership is transparent, meaning that for taxation purposes it is the partners themselves who are...

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Do people need to pay state income tax for their federal income tax?

For example, if a person earns $100K annually and he has to pay 25K out of the 100K as federal income tax. Then will the state income tax charge based on the 100K or on the remaining 75K. One further question is, if person spend 30K in the state and...

Answer:

Generally, the same income base is used to compute both Federal taxes and state taxes. Some states also...

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If I was gifted £100,000, would I need to pay both capital gains tax as well as income tax?

I am having a hard time understanding capital gains tax. If was given £100,000 would I have to pay both income tax as well as capital gains tax? Like it is above £10,000 so I have to pay capital gains tax but it is also above £5000...

Answer:

A gift of £100,000 in cash is not subject to any tax - you will get £100,000. Capital gains...

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David H at Yahoo! Answers Mark as irrelevant Undo

Is the Foreign Earned Income Exclusion in any way dependent on the amount of tax you pay to a foreign country?

I am a U.S. citizen living abroad, and have in past years taken the foreign earned income exclusion. It has, in the past, always reduced my taxable income to zero in the U.S. This year my circumstances have allowed me to qualify for a sizable tax deduction...

Answer:

No. Even if you live in a country with no income tax at all you can benefit from the FEIE and reduce...

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Do you pay california state income tax for income earned from washington state?

I lived and worked in Seattle then moved to California in May. Do I have to pay income tax for my Washington State income for 2006 Tax Year in California?

Answer:

State income tax depends on your residence state.

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andron at Yahoo! Answers Mark as irrelevant Undo

(UK) if i own a business and pay corporation tax on my profits, do i also have to pay income tax?

just wondering as this makes no sense to me. would I pay 20% corporation tax and 20% income tax? so would I be losing 40%? Thanks.

Answer:

well the business is in it's own right liable for tax you run the business the profits are the businesses...

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MWFN7DYAP2F52EJK4JXHEZWSOM at Yahoo! Answers Mark as irrelevant Undo

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