We are a company installing a boiler, new ducts, and air handling equipment, and we will be producing OTC pharmaceutical products next year. Are we eligible for sales tax exemption, and if so, how can we get it?

September 19th, 2023

When doing my Accuracy Review on my HR Block Tax program, it said that my entry for my health insurance premiums are less than my marketplace premiums. I had my policy through the Affordable Care Act. The amount I entered was the actual premiums I paid out of pocket. Should I have entered the total amount from Part III of my Form 1095-A, Column C - the Monthly advance payment of premium tax credit? My actual payments for the year after the discount is 4,081. I filed an extension because I thought my tax owed was high and I'm unsure of this question. I'm self-employed and the accuracy review concerns my health insurance deduction.

June 30th, 2024

I am in the business of renting an RV trailer that must be towed behind a vehicle. What category and how many years do I depreciate it? Is it eligible for Section 179?

January 3rd, 2024

If someone becomes mentally or physically incapable of self-care and moves to a facility, does converting their home to a rental property affect the 5-year residency period for gain exclusion from the sale of the residence?

June 18th, 2023

How should I handle a casualty loss from a natural disaster on Schedule A, considering the possibility of a Net Operating Loss (NOL) and the option to carry it back or forward?

August 21st, 2023