I am a healthcare provider filing a 2009 Federal Tax return and have several tax-related questions: 1. What expense category should I use for outsourced patient billing services, practice advising, and practice management fees? 2. What category should gym membership fees fall under if they are for client physical rehab? 3. Where should I place the purchase of a digital x-ray machine for Section 179 deductions? 4. Is a 2000 Lexus RX300 SUV, bought for business use, 100% deductible under bonus depreciation? 5. How should mortgage interest, utilities, and home association dues be deducted if both my wife and I operate businesses from home? 6. Should I incorporate as an S-Corp, and what are the tax implications compared to being a single-member LLC? 7. How do I handle bad debts from a Sole Proprietorship that is being closed?

June 18th, 2023

How can I get a copy of my 2006 Federal Tax return?

December 12th, 2023

I received an inheritance of $850,000 from the sale of farm land in 2010, which resulted in a capital gain that I need to pay $125,000 in taxes for in 2011. I am looking for ways to offset this capital gains tax by investing the money into a business or other tax-efficient methods. What options should I consider?

March 3rd, 2024

During a court action, I noticed that my ex-husband and his new wife filled out tax form 1065 stating she is a US citizen when she is not. She is from Chile and holds passports from Chile and Spain. Is this illegal and should I report it? If so, how and to whom?

June 23rd, 2024

As a Florida company planning a special event in NYC in March, do I need to collect NYC/State taxes on the event if I am not selling any tangible personal property but organizing activities and paying taxes on the venue and services I contract for?

August 26th, 2024