The Tax Questions Blog

Posts Tagged ‘services’

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Question: Are professional services taxable?

When having someone put in new windows on our house, we were charged sales tax on both the parts and installation labor. I thought only purchases are subject to sales tax. Is this a state law or federal?

Answer: State laws govern what's taxable and what's tax exempt. Check with your state's tax authority. See, for example, a quote from the California Board of Equalization web site:

"Retail sales of tangible personal property in California are generally subject to sales tax. Examples of tangible personal property include such items as furniture, giftware, toys, antiques, clothing, and so forth. In addition, some service and labor costs are subject to sales tax if they result in the creation of tangible personal property."

Millions in profits and a tax bill ($0) to envy

They are high-tech companies, financial players, and manufacturers. What they all have in common: They paid no federal income taxes last year, despite making millions of dollars in profits.

HST for physicians, doctors, dentists, and medical practitioners in Canada

Question: What is taxable income in canada?

cash gift by relative is taxable

Answer: as i understand this varies according to the state;for example in ontario state, basic amount of 8553 and upwards is taxable, while in qubec 12,188 and upward will be taxed. pl. check the local state tax laws, you might get a better handle

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Raymond Gonzalez: Estate planning and the 2010 tax-relief legislation

The "Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010" set a $5 million exclusion amount for the estate tax, gift tax and generation-skipping tax. The exclusion means that estates below $5 million do not owe federal estate tax.

Shahrukh Khan asked to pay income tax on Dubai villa by indian Tax Department

Question: I have imported 3 DVDs , Is DVD taxable?

I have checked the Kastam website and its very vague. It can falls under category of 30% or even FREE Tax. Moreover, if import products from ASEAN countries has a different tax rate.
Me from Malaysia and I had imported some original DVDs from Yesasia.com ,hong Kong. Malaysia custom may charge me the parcel because it was held by them now. Anyone has experience with the Custom for importing DVDs from overseas. Is DVD taxable under the Malaysian Custom Laws?

Answer: no, when you buy something you dont pay the taxes to it because your not using there.... ex" if im from mass and buy soemthign from florida, i dont pay the taxes from there nor from here!

Tax code change worries general insurance firms

The non-life insurance industry has expressed concern over some of the issued as proposed in the revised direct taxes...

Christopher Hitchens on Taxes, Abortion, and Politics (1992 - Part 4)

Question: iam buissness man with purchase of 8 lacks taxfree goods and 4 lacks of taxable goods . iam liaable tin no?

Answer: TIN is no way connected with your purchases. If you are a retailer, then you may need vat and not TIN .

TIN is income tax related number. Your purchases has nothing to do with TIN. You are not liable for TIN number .

Read about TIN:

http://finance.indiamart.com/taxation/tax_information_network.html

State Tax Seminar in Amarillo

Amarillo, TX -- You can learn more about Texas State Taxes and how they apply to you at a seminar Tuesday in Amarillo. 

В.Путин.Провел заседание Президиума.28.07.08.Part 3

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Methodist West Hospital welcomes its first baby (with video)

Bob Eschliman, Editor In the past decade, Iowa’s fastest-growing county — Dallas County — hadn’t recorded more than two hospital births in any given year. Last week, it recorded three in just 24 hours.

What Can Viral Cash Abundance Do For You?