asked
My boyfriend forgot to file my 1095-A when he filed my taxes, and I received a letter from the IRS saying I have 20 days to provide more information. When he included the 1095-A in my taxes, it reduced my refund amount. I was told by the Marketplace representative that the 1095-A documents that I had received insurance and a tax credit for January 2018. Why did including the 1095-A reduce my refund amount, and what should I do about it?
August 23rd, 2023
I have a personal vehicle that is used 95% of the time in my own business. It is registered in my name. How do I enter my reimbursements?
June 7th, 2024
Do you answer questions regarding NYS sales tax? I bought a phone for $450, with a $350 promotional discount, so the actual price paid was $100. But I was charged sales tax on the $450. That doesn't seem right.
January 28th, 2023
How should taxpayers properly report rental real estate income and losses, especially when considering whether to use Schedule C or Schedule E?
February 12th, 2024
What is the correct way to 'book' a section-179 equipment purchase? Should the purchase be directly applied to an expense account or does it need to be entered into an asset account and then depreciated by 100% in a separate journal entry?
December 29th, 2024
How can I determine the amount of interest I paid annually for deductible purposes, specifically for the tax year 2017, when I am on an installment agreement for 2007?
August 2nd, 2024