I have W-2 income as a statutory employee and also 1099-NEC income that is all related to the same business. Can all of this income be put on one Schedule C or does it need to be separated? If separated, do I report all of my expenses on one or the other Schedule C?

November 2nd, 2024

Do I have to collect sales tax if I sell products to foreign ships in Louisiana?

November 10th, 2023

My wife and I purchased a home in 2006 and took out a home equity line of $75,000 along with a mortgage of $375,000. We used the line to renovate three bathrooms, but I no longer have documentation or receipts. We have not used the line in over 9 years but still pay $2,600 in interest annually. Is the interest on this home equity line still tax-deductible after 2018?

March 17th, 2024

Lane Taxpayer is 75, retired on disability as a firefighter in GA. Receives 1099-R's from GA Firefighters Pension and City of Atlanta Firefighters Pension. Both 1099-R's have blank amounts in the taxable amount box, not zero, just blank, and taxable amount not determined box is checked. Client is new to me. Previous preparer has not included these pensions as taxable ordinary income. Distribution code 7. Is this correct - these distributions are not included in income? As far as I can gather, this has been the situation back to 2017 if not before.

September 25th, 2023

In QuickBooks, I mistakenly entered my business privilege tax number instead of my Withholding Tax Account Number. I received a letter from the Department of Revenue when I first registered my company. Is this letter likely to contain my Withholding Tax Account Number, or will it be a different number?

June 17th, 2024