How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
A new question is answered every 9 seconds

Ask a Tax Professional

Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: General
Satisfied Customers: 572
Experience:  10 years experience
16356563
Type Your Tax Question Here...
characters left:
Tax Professionals are Online Now

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
< Last | Next >
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
  • I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight. Bonnie Chesnee, SC
  • Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation. John Minneapolis, MN
  • Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with. Orville Hesperia, California
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
 
 
 

Energy Policy Act

In the late 1990’s and the early 2000’s the United States started looking into ways for this country to be more energy efficient. They started looking into alternative fuel sources to supplement the nation’s use of dwindling fossil fuels, and ways to not be so dependent on oil from other countries. One piece of legislature was passed to help the nation become more energy efficient that piece of legislature was the Energy Policy Act. Under that act there were a lot of provisions made for going green, many of which had deadlines. Below are questions that people have asked the Experts about the Energy Policy Act.

What is the Energy Policy Act?

The Energy Policy Act was passed by Congress in July of 2005 and then signed into law in August 2005 by President George W. Bush. The Energy Policy Act was made as an attempt to combat the ever growing energy problems. It made changes to the United States energy policy by making guarantees of loans for several types of energy production, as well as providing these energy production companies with tax incentives. There are many provisions that were included in the Energy Policy Act.

If an individual makes energy efficient changes to their place of worship, are they eligible for the tax credit according to the Energy Policy Act?

The Energy Policy Act did not make it possible for an individual to receive a tax credit for paying for the energy efficient renovation of their place of worship. The Energy Policy Act credits only can be applied if the money spent is on the individual’s primary residence However if the individual is to make a donation to the place of worship they would be able to take a deduction for the contribution.

Are there tax breaks for manufactures of green technology in the Energy Policy Act?

The Energy Policy Act did allow for tax breaks for companies that are manufacturers of products for green technology. The code entailed in the Energy Policy Act addresses directly those products that are being used to create alternative renewable energy sources or those that used to build appliances that are energy efficient.

Can a limited partnership get a tax break for putting an energy efficient roof on a rental property, under the Energy Policy Act?

Limited partnerships are able to receive tax breaks under the Energy Policy Act if the partnership were to put an energy efficient roof on their principal office building as long as the roof products are qualified. However under the Energy Policy Act only improvements made to an existing primary property, rentals and newly built buildings are not qualified.

The Energy Policy Act was signed into law in August of 2005 by President George W. Bush. Under the Energy Policy Act were provisions for tax credits for companies that manufacture products for energy efficiency and for individuals who make renovations to their homes to make them more energy efficient. The tax credits are able to be applied to the companies and individuals who met the qualifications laid out in the Energy Policy Act. Anyone who has a question regarding the Energy Policy Act should ask their questions to the Experts.

Ask a Tax Professional

Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: General
Satisfied Customers: 572
Experience:  10 years experience
16356563
Type Your Tax Question Here...
characters left:
Tax Professionals are Online Now

How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Tax Professionals are online & ready to help you now

Wallstreet Esq.
Tax Attorney
Satisfied Customers: 570
10 years experience
Wendy Reed
Enrolled Agent
Satisfied Customers: 3052
15+ years tax preparation and tax advice.
Mark D
Enrolled Agent
Satisfied Customers: 985
MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Recent Energy Policy Questions

  • I am thinking about doing a deed in lieu of foreclosure.

    I am thinking about doing a deed in lieu of foreclosure. I would like to know what my tax obligations would be based on this. I have read online that if you are insolvent then I perhaps would not have to pay taxes on this. I do not have many assets I only have 3 thousand dollars in the bank and 2 cars under my name one is worth 4 thousand dollars and the other is worth 8 thousand dollars. My mortgage balance at the moment is 350 thousand and the bank will take the house back for 240 thousand. My income yearly is about 40 thousand. My wife makes about 30 thousand a year and we file taxes jointly but she is not on the house, I had it before our marriage.
  • I have moved from Palm Desert California to Mexico, do I still

    I have moved from Palm Desert California to Mexico, do I still need to pay California taxes?
  • Hello, I wanted to ask about receiving a paycheck from

    Hello,
    I wanted to ask about receiving a paycheck from an old employer. I worked at a University until July 2014. I no longer work at this university, yet I have just received a paycheck from them as if I'm still working there. They withdrew taxes from it, state and government. So, I assume they have already written this down on their payroll. I want to keep the check and deposit it. But I would like to know what the ramifications would be should I keep it and then they realize their mistake?
< Last | Next >
View More Tax Questions