Ask Experts Questions for FREE Help !
Ask
    THANISHKAA's Avatar
    THANISHKAA Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 8, 2014, 10:49 AM
    How much tax I have to pay when I receive 1 million in germany
    How much tax I have to pay when I receive 1 million in my germany bank a/c from my friend as a business advance,
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jan 8, 2014, 12:25 PM
    The 1 Million in dollars or Euros.

    Further, is the advance a payment for services rendered, salary, or a loan?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #3

    Jan 8, 2014, 09:38 PM
    And I am sorry but why does this sound like the start of a scam.

    And does this friend want you to pay them, money ahead of time before you can get this money??
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Can you receive a tax refund check if you didn'y pay taxes? [ 3 Answers ]

I have a relative who just received a tax refund check in the mail, it's well over two thousand dollars. The only thing is this person has not worked in about 3 years and has not paid taxes since then. Is this simply a mistake?

German american tax treaty - selling property in Germany, do I have to pay in the US [ 0 Answers ]

Can anybody help? I am a dual citizen German-American. I sold some property I owned in Germany. For that year 2011 in which I sold the property I had to do a Germany tax return because I also had other income (and because I was living in Germany at the time). Now I have returned to the US and was...

Do I pay taxes on back pay I just was awarded ssdi and will receive over 40,000.00 [ 2 Answers ]

I just received a favorable decision on my application for ssdi title 11 according to ssa I will receive over 40,000.00 I am single with no other income will I be exspected to pay taxes on it 0

Chicago Co. excepts to receive 5 million euros in l year from exports. It can use any [ 1 Answers ]

Chicago Co. excepts to receive 5 million euros in l year from exports. It can use any one of the following strategies to deal with the exchange rate risk. Estimate the dollar cash flows received as a result of using the following strategies: A). Unhedged strategy B). Money market hedge C)....

Living in germany and gambling winning in the us do I pay tax [ 1 Answers ]

Hi I live in Germany (US Citizen) and have gambling winning in the US, now the IRS wants me to file a tay return. Do I have to do this?

View more questions Search