asked
If my ecommerce business is located in Illinois and I sell a taxable product to a customer whose billing address is in Illinois but whose shipping address is in another state, does this customer get charged sales tax?
November 19th, 2023
What would happen if I file 1099-NEC forms for my contractors late, and what are the potential penalties on my end as the payer?
September 20th, 2023
I received a 1099R coded 6 for a 1035 exchange. I know it is not taxable federally, but I live in Massachusetts and can't find if this is taxable in the state. What is the tax treatment of a 1035 exchange in Massachusetts?
March 24th, 2024
I purchased a heavy vehicle at the end of 2023 and depreciated approximately 80% of the cost. I claimed 90% business use for 2023, but this was for only one week of use. In 2024 and following years, since only 20% of the depreciation remains to be taken, what would happen if the business use percentage of the vehicle drops to 60%? How would the IRS respond to seeing the business use percentage drop?
November 20th, 2023
What are the steps needed to revive a single member LLC in California that has had no activity for 14 years and has not filed tax returns and is currently suspended?
September 14th, 2024
We had solar installed last year and spent $50,000. The company said we should get a $12,000 refund, but we only received $2,000. Are we not eligible for the full $12,000 refund? How does this work, and what is the formula for the rebate?
October 28th, 2024