asked
I'm considering buying a 6-ton vehicle for business and personal use this year. I understand I may be able to write it off under Section 179 and bonus depreciation. I'd like to know more about how the tax benefit works, and how recapture works in subsequent years if the car ends up being used more as a personal car than for business. Additionally, I'm in California and want to know about the Section 179 deduction for vehicles weighing over 6 tons, and how to use bonus depreciation to write off more than the initial $25,000 in the first year of service.
August 30th, 2023
As a single mother with one child, how should I fill out the W4 form to ensure the correct tax withholdings?
April 17th, 2024
I'm creating my first LLC in Florida to sell a web software service. I want to know how to calculate the exact amount to charge for my service, including taxes, to ensure I have a net income of $1,000 after covering costs and paying taxes. My service costs me $250, and my expenses are $100. What should I charge, and what is the tax rate for my LLC in Florida?
June 20th, 2024
I'm moving to Nevada from California and just purchased a house in Nevada as my permanent residence. How long do I need to wait to stop paying California state income tax, and what qualifies as intent to be considered a Nevada resident?
May 17th, 2024
Hello, I need to change my bank account information for my Social Security direct deposit for myself and my husband. We have both just moved from California to Arkansas. Can you help me please?
March 9th, 2024
I’ve been audited for 2017 and received an NOD from the IRS. I filed a petition to Tax Court and received a letter from an Appeals Officer stating, “I have enclosed a settlement proposal showing no deficiency and no penalty.” What does this mean, and do I still owe money?
December 19th, 2023