If an individual has a primary residence in NYS but chooses to live elsewhere, is this permissible, and how should they classify the other location as a secondary home or office if they do some work at home?
March 12th, 2023
Renee placed a car into service this year for her ride-hailing work and elected to use the standard mileage rate (SMR) rather than the actual expenses method. Which of the following is TRUE: The car is not included in the lists of assets placed in service this year when determining whether the mid-quarter convention is required, Renee's SMR deduction may not exceed the passenger auto limit, Renee may not switch to the actual expense method in later years, or Renee may claim the special depreciation allowance in addition to the standard mileage rate?
October 11th, 2024
I discovered that I have erroneously neglected to file Schedule B with my 990-EZ tax return for several years. I have filed the 990-EZ and Schedule A, and all of the figures on these forms are correct. It's just that I didn't send in the Schedule B. What should I do?
May 12th, 2023
Hello, in NJ I became disabled at 57. I have a 401k and my question is whether I can take my 401k money without a penalty. I am just married and made $65,000.00 this year.
December 9th, 2024
What is the threshold for the federal estate tax to apply?
March 22nd, 2023
In an IRS installment plan, do they apply payments to the principal or interest first?
November 8th, 2024