I have a payment arrangement with the IRS for back taxes of $1800 per month. I've been paying on time for the past 4 years, but this month, I forgot to mail the payment and it was 8 days past the due date. Will the IRS cancel my installment agreement for being 8 days late?

April 11th, 2024

On a glider kit truck, if the engine and transmission are remanufactured or rebuilt without using a donor vehicle, and the completed cost is less than 75% of the Manufacturer's Suggested Retail Price (MSRP) of a new comparable truck, is Federal Excise Tax (FET) applicable?

April 4th, 2023

I recently moved to NY, got a new job with a higher salary, and my taxes have increased significantly. I would like help reviewing my tax withholding and W4 to ensure they are accurate. I am single, have no dependents, and my gross salary is $100K. I am paid twice a month. What adjustments should I make to my W4 to ensure proper withholding?

June 8th, 2023

I am currently unemployed and considering a 3-month contract position in another city. What travel, lodging, and food expenses can I deduct on my taxes at year-end? Specifically, can I claim mileage and tolls to/from the other city, lodging in the city during the week, meals during the week as business expenses, and local mileage in the work city?

December 7th, 2023

We have an HSA this year and the High Deductible plan. We will have a couple thousand dollars extra at the end of the year. We are not going with the high deductible plan this year. What happens to the leftover money? Are there penalties?

January 14th, 2023