If my ecommerce business is located in Illinois and I sell a taxable product to a customer whose billing address is in Illinois but whose shipping address is in another state, does this customer get charged sales tax?

November 19th, 2023

What would happen if I file 1099-NEC forms for my contractors late, and what are the potential penalties on my end as the payer?

September 20th, 2023

I received a 1099R coded 6 for a 1035 exchange. I know it is not taxable federally, but I live in Massachusetts and can't find if this is taxable in the state. What is the tax treatment of a 1035 exchange in Massachusetts?

March 24th, 2024

I purchased a heavy vehicle at the end of 2023 and depreciated approximately 80% of the cost. I claimed 90% business use for 2023, but this was for only one week of use. In 2024 and following years, since only 20% of the depreciation remains to be taken, what would happen if the business use percentage of the vehicle drops to 60%? How would the IRS respond to seeing the business use percentage drop?

November 20th, 2023

What are the steps needed to revive a single member LLC in California that has had no activity for 14 years and has not filed tax returns and is currently suspended?

September 14th, 2024