Before-tax contributions are generally taxed at 15%, unless you: earn more than $250,000 p.a1. haven’t given your TFN to your super fund go over the concessional contributions cap. In the above situations, extra taxes may apply. If you go over your concessional contributions cap The ...
HOW SHOULD SUPER BE TAXED?Carling, RobertPolicy
Receiving an inheritance can be exciting, but there are tax implications when you inherit money or property. Whether your inheritance is taxed depends on the amount you're inheriting and the state you live in. If you recently received an inheritance, her
Depends on how the LLC is taxed. Single-Member LLCs mail a letter to IRS. 1120, 1120S, and 1065 LLC filers check off "name change" on return.
All LLCs in California must pay a fee called the $800 Annual Franchise Tax. The state requires LLCs to file this fee every year –regardless of total revenue or activity. How much is the Annual Franchise Tax cost in California? Your Annual Franchise Tax is $800 per year. You’ll be ...
If you are taxed as a C-Corp, you need to file a Form 1120, you must file it by the 15th day of the fourth month following the close of the tax year, which for most taxpayers is April 15 or the next business day if it falls on a weekend or holiday. If you are taxe...
The rest is considered a tax-free return of already taxed money. If you bought a single life annuity with $100,000 of savings at current interest rates (May, 2015) you'd receive around $500 a month. Of that amount around $150 would be taxable interest and $350 would be non-taxable ...
While you need to include all capital gains in your tax return for the year you sell the shares, a discount applies for longer-term investments. Investments held for more than 12 months are only taxed on half of the capital gain. This is known as thecapital gains tax (CGT) discount....
Superannuations are taxed differently in the U.S. and Australia. It can become complicated if you have an Australian super and are subject to U.S. tax laws. It's best to consult with a tax expert to find out your tax obligations. ...
A luxury tax is a sales or transfer tax imposed only on specific goods. The products taxed are considered non-essential or are affordable only to the wealthiest consumers. The mansion tax and sin taxes both fall into the category of luxury taxes. ...