The import tax from China to the United States varies based on the product. For instance, the maximum amount of tariff for imported eel products is 16 percent, while the same maximum for imported zinc oxide is 5.5 percent.Know More
The World Trade Organization determines the maximum amount of tariff that can be charged on any item, and this number is referred to as the final bound rate. However, simply because the final bound rate on a certain item is a certain number does not mean that the United States government actually taxes that item at that rate.
Many items can be imported from China to the United States without being charged any duty or tariff. There are online calculators that show how much the tariff is on any given item. These calculators require the product's category, the amount of shipping and the value of any insurance bought for the shipping.
For instance, if one were importing a motorcycle crash helmet that was valued at $100, that person would not have to pay any import tax on it. In contrast, if one were importing a 100-year-old antique worth $10,000, that person would not have to pay any import tax but may have to pay a $34.63 merchandise processing fee.Learn more about Taxes
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The address for a federal tax return will vary depending on the state it is sent from, but it will always be addressed to the "Department of the Treasury, Internal Revenue Service." In calendar year 2015 it will be sent to either Kansas City, Missouri; Fresno, California; or Austin, Texas.Full Answer >
A 1099 employee tax form is used for workers that are considered independent contractors. These individuals are not technically employees of the company and do not have federal taxes withheld from their paychecks. They are required to file a 1099 form with their annual taxes.Full Answer >