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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

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20,648 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

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29,944 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

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3,352 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

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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

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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

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140 satisfied customers
I am an EA. I used to be able to go to local IRS office and

I am an EA. I used to be able to go to local IRS office and get data on 3 clients at once by waiting in line. Now, they will only see me by appointment and will only give me data on one client I sometimes need to consult with someone to sort out something, or get transcripts or earlier year tax return copies. Is there an easier way to do this? I have waited a long time to get them on the phone, and have never used on line services. Do you have anything you can recommend.

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Mark Taylor

Certified Public Accountant

Masters

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432 satisfied customers
We are a wife and husband owned company with only ourselves

Hello, We are a wife and husband owned company with only ourselves as employees. We live and do business in the state of Florida. The FL state audited our S-Corp and reclassified a good portion of our distributions ($46,631.80) as salary. Please view questions:1. I am about to send in the 941x and 940x to the IRS. I saw mention of a 941-B does that apply to us?2. I believe I also have to revise W-2s? Do I need to revise W-3?3. Do I need to or should I amend the 1120s and 1040?? If I amend these will we pay less on those to counter balance the additional amount that we will now owe?4. Since we were audited by State and not Federal does this help us any in requesting any late fees/penalties to be waived??5. At this time when I submit the forms we can not pay all that we will owe. If I make a partial payment will the IRS then bill us?6. Finally someone mentioned that just because State reclassified and we owed them zero that we do not have to revise Federal until they would audit.. that seems incorrect? Am I correct?We are in-between accountants right now.. however I do know how to amend all forms and file all taxes.Thank you for your assistance!! Michelle

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Mark Taylor

Certified Public Accountant

Masters

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432 satisfied customers
My mother has a policy with Met Life which is going to be

My mother has a policy with Met Life which is going to be usedJA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: for her funeral expenses. The funeral home is not familiar with 1035 formJA: Is there anything else important you think the Accountant should know?Customer: in order that her life insurance policy can be transferred to another type of life insurance allowing the State of Illinois funding.

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

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16,808 satisfied customers
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