IRS data indicates that you can only claim the standard mileage deduction for the first year you put your vehicle into service. I claimed this deduction in 2005 and plan to do the same in 2006 with the same vehicle. Will I still be able to claim it, or do I need to purchase another vehicle in order to take this deduction?

August 29th, 2023

I donated a 60" Toshiba Cinema Series projection TV (not HD) in August 2005. The IRS wants me to prove it was worth $1000. How can I provide evidence of its fair market value for tax purposes?

January 8th, 2024

Can a single mom of a 7-month-old son, who is the head of the household and paid for all expenses including child care and home, file a tax return if she has no earned income or other sources of taxable income?

August 20th, 2024

I am a realtor who refunded a client $20,000 in commission and don't know where to send the 1099 form. I live in Las Vegas.

November 15th, 2023

I need tax guidance and information on tax deductions. I recently got married and have no registered income. I also do car repairs and machining. What kind of deductions are available for self-employment income? Additionally, how should I handle payments from a car dealer in the form of checks when I don’t have a U.S. social security number for tax purposes?

October 13th, 2024