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Recent Energy Policy questions

I have heard about a tax refund of up to $7500 for buying a

I have heard about a tax refund of up to $7500 for buying a 2011 vehicle or newer that has e-fuel capabilities? is there any refund like this available to taxpayers?

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Robin D.

Vocational, Technical or Trade School

20,924 satisfied customers
Is the 35% tax credit for a solar system a refundable tax credit

Is the 35% tax credit for a solar system a refundable tax credit or is the 24.5% tax rebatea refundable one?

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Megan C

Master's Degree

29,956 satisfied customers
We are a UK based Ltd, we want to send inventory for stock

We are a UK based Ltd, we want to send inventory for stock to the USA Amazon where Amazon will fulfill our goods to customers.Amazon handles state tax but will i have to set up a branch in the US to handle Federal Tax? What I can't understand is how Amazon will be the receiver of these goods but I am still the legal owner.

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CGCPA

Owner

Bachelor's Degree

3,356 satisfied customers
I want to pay for the purchase and installation of an energy

I want to pay for the purchase and installation of an energy efficient system ( solar panels) on my Church building which will reduce the energy cost at least 50%. Can any arrangement be accomplished which would permit me to take the cost of the system,and, the cost of installation as a deduction on my individual tax return ? In addition would I be permitted to obtain the benefit of the Tax Credits as provided for consumer in the 2005 Energy Policy Act ? Thanks for you time and efforts,

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Marvin,EA

Enrolled Agent

Bachelor's Degree

968 satisfied customers
would the purchase of energy efficient appliances tax deductable

I purchased a new heating & air conditioning system which meet energy efficient guidelines. This new system cost me $6000. Can I include this in 2005 taxes.

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Lev

Retired

Bachelor's Degree Equivalent

24,192 satisfied customers
My husband died in 2004 and I was told I could claim him ...

My husband died in 2004 and I was told I could claim him for 2 years. Is this true? Also, is there a tax credit given for energy saving devices such as insulation or a new energy efficient heat/air pump?Optional Information: Chattanooga, Tennessee

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R. Greg Paszkiewicz

Accountant

Bachelor Degree

140 satisfied customers
If I choose to sign my deed over to Mortgage company instead

if I choose to sign my deed over to Mortgage company instead of going thru foreclosure, will I owe Federal taxes on it?

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Mark Taylor

Certified Public Accountant

Masters

880 satisfied customers
Anne, The IRS sent me a CP2000 notice for tax year 2014. My

Hi Anne,The IRS sent me a CP2000 notice for tax year 2014. My credit union reported HSA distributions to me of $1318, all of which went to pay for qualified medical expenses. I did not, however, enter "1318" on Form 8889, Line 10 (Qualified HSA funding distributions). As a result, the IRS says I under-reported my income by $1318, which I guess I (accidentally) did. What should I do now? The IRS says I owe $648 and wants my response by September 22, 2016; and I'm leaving for India tomorrow (August 27) and will return on September 10. What should I do?Thanks in advance,Brent Dorshkind

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Mark Taylor

Certified Public Accountant

Masters

880 satisfied customers
If I use some of my IRA to purchase a home for myself

if I use some of my IRA to purchase a home for myself (manufactured home) will I be taxed on the full amount that I withdraw from my IRA ?

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Mark Taylor

Certified Public Accountant

Masters

880 satisfied customers
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