asked
I am an independent contractor who makes videos for a company and commutes to Las Vegas every week. I want to purchase a Mercedes GLE for my content, which is eligible for Section 179. I need clarification on why some people write off the full value of luxury SUVs in the first year and how my situation fits into tax regulations, especially since I live in California but work in Las Vegas.
June 1st, 2024
I have a client who has received a 1099B stating that the income is from a "Designated Benefit Plan." Is this income taxable and does it need to be reported on the 1040 tax return? If yes, where should it be reported?
June 15th, 2024
We never received our tax refund. We were told the amount we would get and the amount that would be applied to our 2021 taxes. We filed last year electronically with Portney and Company in NJ, but we need a PIN to file again electronically. Can you help me figure out the status of our taxes?
September 29th, 2024
I was paid twice for the same invoice from a company, and they said they don’t want the money back. If I keep the money, will I incur some sort of IRS penalty, and what would be the exact name of the violation? Additionally, would it be a tax code violation on the part of the company for their negligent bookkeeping, and what penalties might they face?
September 24th, 2024
I own rental property in Manatee County, Florida, where I rent for 4 months. I reside in Iowa. Am I subject to sales tax on this rental?
May 13th, 2024
A client received $80,000 from life insurance disbursement reported on a 1099-MISC as other income. Does she have to pay taxes on this amount, and how should it be recorded on Form 1040?
February 7th, 2023