Can we deduct our monthly vehicle loan payment from our taxes if truck is only used for work?

Generally, the IRS allows you to deduct all of the "ordinary and necessary" expenses that you incurred to earn the revenue. Concerning the...

After the death of a trustor, how much time does the successor trustee have to distribute a copy of the trust to heirs?

Generally, Trusts are governed by the terms of the Trust Agreement, and State law covers those areas of the Trust that the Trust Agreement fails to...

Will an LLC shield my personal credit from failure to pay property tax on real property owned by the LLC?

Generally, the liability for real estate taxes is considered to be a lien against the real estate and not against the owner. So your personal...

If I stay at the fair view inn Greensboro for 90 days, are they suppose to give me something for the taxes I paid on the room?

Whether you can or cannot deduct taxes for your stay at the Inn is covered by your written Agreement. The written Agreement between you and the...

What kind of Tax form (1040A or 1040NR) and martial statues do I need to use for maximum tax return for 2014?

Generally, a couple will pay less in taxes if they file as married filing jointly. There are exceptions where it may be better to file married...

Tax representation for 941 taxes

Usually, representation before the IRS or Illinois Department or Revenue is done on an hourly basis rather than a flat fee, because the case may be...

How to i document gambling loses? What must diary include and how do i prove what is in diary?

Generally, a gambler can deduct gambling losses to the extent of his gambling winnings, Gambling winnings are reported to you on Form W-2G,...

Can I get access to monies in a trust for my mother?

Generally, the Power of Attorney for Property gives you some of mother's authority to act on her behalf with respect to property titled in her name...

Generally, under joint tenancy law, the joint tenants are co-owners of the asset (ie bank account). Either joint tenant can legally withdraw all of...

NO! You have been victimized and scammed by your tax preparer. You are the fall guy for his tax fraud. Your original intent was to have your...