asked
What kind of purchases may a photo retouching (photo editing services via web) studio use for depreciation? What equipment can be depreciated, and how many items can be purchased annually without issues with the IRS? Additionally, if we decide to make purchases from our official bank account debit card in Sweden or Russia, how does this affect depreciation?
November 9th, 2024
A tax attorney advised me to close my existing corporation and start a new LLC to settle my 5 years back 941 taxes. He said I could start fresh with the new LLC and then settle on the back taxes. Please advise.
April 18th, 2024
Can I change from having the estate pay the tax in the previous year to the beneficiaries paying the tax this year, given that last year there was no tax due and no K-1s were issued, and this is the second and final return for the estate?
March 20th, 2024
Is long-term care insurance an exemption under the tax code?
August 20th, 2024
Are home construction loan interest payments tax deductible?
August 23rd, 2023
I inherited money in the form of a CD. Must I report this?
January 31st, 2024