A taxpayer purchases a car used exclusively for business at a cost of $122,000. Will the car be able to be fully depreciated, and if so, under what conditions and limitations?

October 5th, 2023

I haven't received my tax refund and filed my return in April. How long should I expect to wait for my refund, and how can I check the status of my state refund?

November 9th, 2023

If an LLC is owned by a Living Trust that has both the husband and wife as owners, will the LLC be considered a disregarded entity or a Partnership?

January 10th, 2023

I am still missing my second EIP payment of USD 600. I am located in Norway, 77 years old, with no dependents, and have no income apart from my social security payment. I have sent three letters to the IRS in Austin about my missing check. What should I do to resolve this issue?

October 2nd, 2024

My mom will be receiving reimbursement payments from her long term care insurance and will be paying a friend for assistance a few hours a week. Will my mom need to provide a 1099 to the friend, and will the income to the friend be taxable to her?

July 12th, 2024