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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

21,180 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

29,966 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

3,360 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
I am an ER physician. In 2016 I am taking $500,000

I am an ER physician. In 2016 I am taking $500,000 distributions from my defined benefit account to start a business. I spoke with my accountant, he advised pay the IRS estimated taxes on the distributions (in addition to my regular estimated tax on my earning as an ER physician), 45% of the distributions. To be sure I would be slightly overpaid, I paid the IRS 50% of the distributions or $250,000, hopefully 5% overpaid on the distributions, in addition to the taxes on my regular income. My income for 2016 and 2017 should be about $800,000 for my regular income as an ER physician. My question is, will I have to pay an extra amount of estimated tax on my income in 2017 because of the distributions in 2016? I will not be taking any distribution in 2017 but I am concerned I will have to pay an enormous extra estimated tax, in essence an overpayment, because of my income in 2016.

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

4,188 satisfied customers
I received a letter from he IRS telling me I owed $538.00 on

I received a letter from he IRS telling me I owed $538.00 on 14 August2016. I replied by letter mailed 24 August with information as follows: "Due to my poor proof reading skills I entered a wrong Social Security Number on my return. I had called both the Virginia Tax office and the and the IRS after I found the error a day after I had mailed the return and found my error to ask them if I should mail an mended return and was told by both not to send an amended return as it would only confuse the offices. They were notified by pone and I have no record of the call. About two months ago The Virginia Tax office notified me that I owed taxes and I responded by telephone and by letter enclosing my true SSN along with my withholding statement, my Amended tax form and a cop of the front and back of the check for payment due with my return which was cashed but not credited to our account. The matter was closed to my satisfaction by Telephone in a matter of three days.I replied to the IRS in Kansas , MIS with same information to the IRS that provided to Virginia. That letter was mailed on 24 August. On September 15, 2016 I received a notice from the IRSi in Kanss City that I not only owed the $538.36 but it was due on 29 September and if it was not paid by then I would be subject to a federal tax lien proceedings .Iwas on vacation from September 16th to September 23rd and could not call the IRS Kansas City office yesterday due to high call volume an cannot call until Monday the25th.My real question is how can I find out if the ever received my first letter and what is thestatus of their investigation? Should I pay the amount and hope to get the money back if it is resolved n my favor?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,670 satisfied customers
An LLC was formed in the State of Florida. Articles of

An LLC was formed in the State of Florida. Articles of Organization read its an LLC . Received the SS-4 letter which states form 1065 is to be filed. The owners of this new LLC are calling themselves gen ptr and not members. Asked for the Operating Agreement and received a Partnership Agreement that they created themselves. Question is for the 1065 question on the partners , are they General Partners or LLC Manager, Limited Partner (I don't think so) or LLC Members? What is the difference

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

17,670 satisfied customers
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