I bought professional development courses that include coaching and books/software. How do I deduct these on my Schedule C? Should they be categorized under professional fees due to the coaching element or under supplies because the software is depreciable? Additionally, do all books, software, and equipment depreciate at the same rate, and how do I determine the depreciation rate for each?
June 6th, 2024
December 20th, 2023
A tax attorney advised me to close my existing corporation and start a new LLC to settle my 5 years back 941 taxes. He said I could start fresh with the new LLC and then settle on the back taxes. Please advise.
April 18th, 2024
Can I change from having the estate pay the tax in the previous year to the beneficiaries paying the tax this year, given that last year there was no tax due and no K-1s were issued, and this is the second and final return for the estate?
March 20th, 2024
Is long-term care insurance an exemption under the tax code?
August 20th, 2024
Are home construction loan interest payments tax deductible?
August 23rd, 2023