Tax

Have a tax question? Ask a tax Expert

Connect one-on-one with {0} who will answer your question

Related Tax Questions
I have LLC active business and I've purchased a car in 2017
I have LLC active business and I've purchased a car in 2017 that is used for both personal and business use. I would like to depreciate the business use of it. Considering sec179 and standard deprecia… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,627 satisfied customers
I am working on a 2016 Schedule C form and cannot figure out
I am working on a 2016 Schedule C form and cannot figure out how to file a 2016 form 4562. How can you help? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
Question about form 4562 Depreciation & Amortization for my
Question about form 4562 Depreciation & Amortization for my 2016 return.I'm closing my corporation so this is a final return. Form 4562 for 2015 (last year) was professionally completed but I'm doing … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,408 satisfied customers
I have depreciation and amortization rental property I
I have depreciation and amortization for a rental property I placed in service multiple years ago. Do I need to still file form 4562?… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,276 satisfied customers
Lev! You had helped me last year with some rental property
Hi Lev! You had helped me last year with some rental property tax questions and I am in a bind again! Few questions: how do I deduct/report vehicle mileage properly on 4562. Also how do I amortize fee… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,900 satisfied customers
Question about form 4562. I know I can put the property placed
Question about form 4562. I know I can put the property placed in service in 2014 in Section B for amortization. But for the property (computer, office appliances) I claimed for amortization last year… read more
Anne
Anne
Master Tax Preparer
2,551 satisfied customers
Hello, I am using TTax Business. I have a studio equipment
Hello, I am using TTax Business. I have a studio equipment rental biz, trucks, vans and picture cars. I purchased new vehicles for the current tax year. I am taking Section 179 on all of them. Do I ad… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
Do I have to complete IRS Form 4562 if I am claiming standard
Do I have to complete IRS Form 4562 if I am claiming standard mileage rates for my personal vehicle on Schedule C?… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
About IRS Form 4562: a house was permanently converted to a
About IRS Form 4562: a house was permanently converted to a residential rental property for the first time in June 2010 and a depreciation was taken on the 2010 tax return. (BASIS = $185000, depreciat… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,099 satisfied customers
I have a vehicle(small pickup) I put into service 4/1/07 as
I have a vehicle(small pickup) I put into service 4/1/07 as business vehicle, I am self-employed. In June of 2011 I bought a heavy truck and converted to using that as my business vehicle. I paid 20,3… read more
ShawnA
ShawnA
CEO
Bachelor's Degree
2,450 satisfied customers
Form 8829 (Expense for business use of your home) Do I have
Form 8829 (Expense for business use of your home) Do I have to enter amount of the line 39 on Form 8829 into Basis for deprecation on Form 4562 ? And then how can I get deprecation percentage (line 40… read more
DanielleCPA
DanielleCPA
Certified Public Accountant
Bachelor's Degree
567 satisfied customers
I found out that have to pay more than a $1,000.00 to IRS in
I found out that have to pay more than a $1,000.00 to IRS in taxes for the year 2011. I'm a self-employed and did not make quarterly payments , what's the penalty for paying the whole amount by April … read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
I am a one-man residential contractor. I purchased a $4000
I am a one-man residential contractor. I purchased a $4000 work van in 2010. Where (and how much) do I list the depreciation? Does the $4000 go on Sch. C line 9 as an expense? What goes on Sch. C, lin… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,900 satisfied customers
SCH-C. Questions 1. Is the yearly fee for my website I have
SCH-C. Questions: 1. Is the yearly fee for my website I have for my sole proprietor/self employed business deductible? If so where on SCH-C do I list this expense? 2. Also, I pay other websites a year… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
how can I tell if my tax program is depreciating my husbands
how can I tell if my tax program is depreciating my husbands truck twice? It asks about depreciation in the assets and the vehicle. Please help… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Depreciation for a Residential Rental property purchased on
Depreciation for a Residential Rental property purchased on 4/30/2002 for $145,000. Have never claimed any depreciation or amortization alllowance prior to 2009. What is the amount of depreciation exp… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 satisfied customers
I am doing a late 2005 tax return.. what line do I place the
I am doing a late 2005 tax return.. what line do I place the 2005 SUV $25,000 section 179 tax deduction and what line do I place the remaining 5 year deprciation. How do I word it on the descript Can … read more
Anne
Anne
Master Tax Preparer
2,551 satisfied customers
I have a home child care business...and file my taxes as a ...
I have a home child care business...and file my taxes as a sole proprietor. Can I buy an over 6000 lb. GVWR SUV...and depreciate it from the income I earn in my business?… read more
Wayne Brasch
Wayne Brasch
Accountant and Business Consultant
Master Degree
718 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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.WMatteson, 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.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, 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.

OrvilleHesperia, 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!!!!

AlexLos 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.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,937 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

261 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

17,888 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,659 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x