My husband and I purchased a travel trailer for his work as a lineman, which involves staying out of town for 26-27 days a month and moving locations every 6-8 months. The jobs are always more than 100 miles away from our home. We are trying to determine if the purchase price of the travel trailer is tax deductible and, if so, how to claim this deduction on our taxes.

November 28th, 2023

What is the default number of stocks registered for a Delaware LLC, and what kind of document should I create to prove ownership if I want to issue a share certificate?

June 1st, 2023

I want to open a corporation to help children in need in El Salvador. What is the best way to do it, and what are the steps to create a nonprofit, apply for nonprofit status with the IRS, and ensure compliance with tax and distribution requirements?

March 22nd, 2024

My daughter is 18 and a full-time college student who doesn't live with me. I no longer pay child support but last year I paid over $5K in child support. She made just under $5K working part-time. In the past, her mom signed an 8332 form. Would she need to sign that again? Am I eligible to file under Head of Household one last time? I also provide health coverage for my daughter. I did provide over half of her support. Help??

July 18th, 2024

If I sold a rental property for a $18k loss and received a 1099-C for $14k of cancelled debt, how should I report this on my tax return? Can I use Form 982 for reduction of income, or do I have to report both the loss and the cancelled debt on Form 1040?

December 28th, 2023