If a client in California pays for a Solar Panel System in 2017 but it will not be installed until January 2018, will he be eligible to claim the tax credit in 2017 or does the system have to be installed and functioning before he can claim the credit, which would mean 2018? Is there a specific code section that clarifies this?

December 27th, 2023

My property taxes are due on January 15, and I pay every 6 months. My husband wants me to write a check dated December 31, believing we can write it off on our 2017 taxes since the check was dated for 2017 even if it's cashed in 2018. Is that true?

May 18th, 2024

In about 2006, I started dollar cost averaging into several mutual funds outside my retirement plan. The balance has grown, but firms were not required to calculate cost basis until 2012. I may want to withdraw in the near future, but I'm worried about the complexity of determining my cost basis. Does the IRS offer any relief for this work?

May 1st, 2023

I failed to file a Franchise Tax Report in Texas and received a Texas Notice of Forfeiture of Right to Transact Business. My company is an LLC and I am a Pharmaceutical Consultant. What do I need to do to resolve this issue?

January 14th, 2024

My home is up for tax sale because I'm late on the last quarter of the year. I made a payment of $270 and owe $1394, but they say it's still going to be sold. What can I do to prevent this, and could I be being targeted unfairly due to someone else's connections?

May 22nd, 2024