I am contacting your tax expert Mr. Oliver Burchardt with my question regarding the US pension fund 401k. I have deposited a total of $82,000 into a 401k from 1987 to 1995 in the USA, $10,400 of which was untaxed and $72,000 was taxed. By February 2...
I am neither a businesswoman, nor do I have a trade or practice a liberal profession. For my income tax, I therefore declare the surplus of income over expenses, without balance sheets or evaluations. Can the tax office demand a breakdown of the inco...
Dear Sir or Madam, I have been employed full-time in the state of Saxony since the beginning of 2012 (as a commercial officer in a company in the renewable energy sector). I have completed a commercial profession and obtained a diploma in business ...
Dear Sir or Madam, I currently have a loan of EUR 100,000 on a property that I use as my primary residence. If I were to repay the loan early with my own funds, the bank would calculate a significant prepayment penalty. I would like to keep the cur...
Dear Sir or Madam, This year I have inherited a property in need of renovation. This property was purchased by the deceased (my uncle) in 1979 and used by himself. Please explain the tax aspects to me for the following scenarios. a) Sale of the pro...
Dear Sir or Madam, I need your advice regarding the following situation: Current situation: Self-employed since 01/2012, consulting activity, relatively low turnover this year (approx. €8,000). Vehicle A (MINI, financed, I am the owner and policy...
Hello, I have a company for text creation. I write website content, SEO texts, encyclopedias, manuscripts, stories, customer letters...etc. I charge 19% VAT on my services. My customers always receive full rights of use, exploitation rights, reprodu...
Dear Sir or Madam, I was in professional training from 2008 to 2011. I have declared my trips in the income tax returns for 2008 to 2010 as trips between home and regular workplace. I do my own tax returns. In 2011, I found out that I could have cla...
Dear Sir or Madam, I have been appointed as the heir by my cousin - she has stated an inheritance amount of 100,000 euros in her will. However, the property only has a market value of approximately 35,000 euros. Are the 100,000 euros the basis for i...
1. Balance sheet approach securities at a small AG I am currently preparing the balance sheet for 2009. I have a stock price for 2009 that is higher than the stock price for 2008, opening balance sheet 01012009. Old stock price 2008 2702.66 New sto...
Hello and good morning, I have a question: In August 2010, I signed a termination agreement with my employer. The termination date will be December 31, 2010. The reason for the late termination was that I wanted to almost comply with the notice per...
My sole proprietorship generated a profit of approximately 19,000 euros in 2008. The financial statements for 2009 and 2010 are not yet ready. Based on the numbers from 2008, I am now required to make high advance payments for corporate and trade tax...
Hello. Our logistics company is based in Germany, with our main client (also in logistics) based in Denmark. They request to waive the collection of VAT. Invoices have been issued on a net basis via credit note without the collection of VAT for the p...
Hello, I am the sole shareholder and managing director of a small GmbH founded in 2009. The share capital of €27,500 has been fully paid in. The GmbH is a tenant in a building that I own. In the rented floor, a photo laboratory was set up before t...
Dear Sir or Madam, I would like answers to the following questions: Person A: Employed full-time, Side business: sole proprietorship, 50% ownership share of a privately acquired property with Person B (covering all costs such as heating, hot and co...
My employer has provided me with a company vehicle for business and private use. The employer has leased the vehicle. I have my primary residence 270 km away from my workplace, and therefore have a tax-recognized secondary residence. I make a weekl...
