Join the 9 million people who found a smarter way to get Expert help

Recent tax questions

I am self employed and drive about 10,000 miles a year for

I am self employed and drive about 10,000 miles a year for business. I just sold my SUV and I'm now driving a Toyota Avalon that my parents gave me. I owe nothing on it. Do I still get to deduct the same $ despite using a vehicle that gets better gas mileage.Also, if I make a planned and important business stop (to see a supplier) and leave from there to visit a friend, do I still get to deduct the miles to and from the supplier? Or just to the supplier and the rest is personal?Thanks for your help.

Read more

emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

 
3,534 satisfied customers
I own a car.It's registered.I've been told it's possible to

I own a car.It's registered.I've been told it's possible to pay property tax on a car.I don't own a house.I feel that I should pay property tax on my car instead.The people at the DMV told me nobody pays property tax on cars because you don't have to.I WANT TO!!I know it's possible please tell me how. Thank you.

Read more

Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
16,298 satisfied customers
Can I claim tax payments as a deduction?

Hi, can I claim tax payments as a deduction?

Read more

Lev

Retired

Bachelor's Degree Equivalent

 
24,192 satisfied customers
THE STATE of west Virginia calls state tax on a new automobile

THE STATE of west Virginia calls state tax on a new automobile a privilege tax. Does this allow that tax to be listed as an itemized deduction on Federal Form schedule A, Line 8?

Read more

Robin D.

Vocational, Technical or Trade School

 
20,266 satisfied customers
FL law form DR-405- Tangible Personal Property Tax return.

FL law form DR-405- Tangible Personal Property Tax return. Who must file this? Only sole proprietor, who use personal stuff like furniture etc? What about S-Corp and LLC?

Read more

Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

 
8,896 satisfied customers
We purchased a used car last year, and paid $3796.80 in sales

We purchased a used car last year, and paid $3796.80 in sales tax, is that deductible? Would that be entered under Vehicle tax and personal property tax

Read more

Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

 
8,896 satisfied customers
I am told that an S-Corp has the added benefit of allowing

I am told that an S-Corp has the added benefit of allowing owners (shareholders) to be employees, which results in savings on self-employment, social security, and Medicare taxes. Can an LLC also be treated in the same way for taxation purposes, i.e. an owner being able to make the same savings.

Read more

Lev

Retired

Bachelor's Degree Equivalent

 
24,192 satisfied customers
I have 2 things: I've already

Hi , I have 2 things: I've already completed and got my refund back for this yr. My second yr to file at being single. I'm 52, very responsible etc. However, I did receive a letter from the state requesting my mileage log bc I've started my own business in addition to my main job. I'm sending that in today.2nd, I also received in the same envelope from the state asking for documentation for proof of payment for my personal property tax for tax yr 2014. I thought that was weird until I looked at the return from 2014 and on my personal property taxes I put 44,069! Clearly a typo/mistake that several of us didn't catch. The correct amount was $210.21. I believe I got about 1,500 back from the state that yr, I would have to double ck. My question is I'm scared to death, it really was a mistake, my husband use to take care of all of this. Naturally I just want to fax over the mileage log and the personal property tax document today. Will they think I tried to purposely lie? The numbers are so off, it clearly was a mistake. I would really like to do it today. Everyone agrees with me, but I wanted to ask a pro.

Read more

Robin D.

Vocational, Technical or Trade School

 
20,266 satisfied customers
Can I amortize the balance on under-accrued business personal

Can I amortize the balance on under-accrued business personal property tax

Read more

Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

 
8,896 satisfied customers
View more tax questions

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
    Pay nothing to your Expert if you're not satisfied.

In The News