Is there a cutoff date in December for when a truck purchased in 2016 can be counted for the Section 179 deduction, and can I still use the $25,000 deduction allowed under Section 179 if my truck meets the criteria and I have $22k in business income?

May 2nd, 2023

How is social security taxed, and how is it determined whether I can earn without being taxed on SS? Specifically, if I am employed on a quarterly basis, three months at a time but no shorter length, how does this affect the taxation of my social security benefits?

January 14th, 2024

A vehicle was purchased and used as a Lyft/Uber vehicle. How is it depreciated?

September 3rd, 2024

As a self-employed individual, I took draws of $2,000.00/wk in 2016, resulting in a profit of $9,000. I learned that the profit is considered my income proof. Is it better not to draw anything if possible throughout the year, and how should I report my draws for tax purposes?

March 4th, 2024

I want to find out my total tax owed for years 2015 and 2016. I have a payment installment agreement and am paying on 2016, but I need written verification of how much I owe for both years. How can I obtain this information?

March 12th, 2024