Can you legally trade in a unit you own on a leased vehicle and retain the tax trade advantage of the value of the trade against the price of the lease, thus lowering your initial lease amount financed along with the tax advantage of the trade? Additionally, can you use a trade against rental payments if you were renting rather than leasing and also use the tax advantage of the trade against your rental payments? If so, where can I find these tax/lease laws?
September 2nd, 2024
Who do I contact about my Social Security card being used for employment?
April 10th, 2023
I filed 'Married but separate' on my last three years of taxes with the mother of my baby who lived with me, even though we were never legally married. Now, I'm trying to get married, but my fiancée's status requires proof of my marital status, and I don't have divorce papers. Can I file an amendment to change my status?
July 31st, 2023
I own income property that generates about $10K per year in net taxable rental income and have about $25K per year in interest income. I'd like to buy a piece of land in Mexico to build income property on at a later date. Would the interest I pay on the land be deductible? I presume it would be up to my interest and investment income ($25K), but what about my rental income?
July 14th, 2024
As a nomadic individual who has left the U.K. and plans to set up an internet company in either Hong Kong or Singapore, what will happen regarding my personal tax, especially considering I have an outstanding personal tax bill from the U.K. that I have not paid?
August 10th, 2023
I am married but filing separately and owe the IRS $5,544 for 2018. I believe this is due to not having enough withheld from my paycheck. Should I change my Marital Status to 'Married, but withholding at higher single rate' and change my Total Allowances from '1' to '0' to ensure I don't owe the IRS this year?
March 31st, 2023