Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
Lane, to depreciate this commercial building, the only
Lane, to depreciate this commercial building, the only option we have is 39 years straight line, correct? We can not do bonus or section 179, correct?… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
20,706 satisfied customers
Our company leases out equipment to customers (pumps,
Our company leases out equipment to customers (pumps, blowers, hoses, etc) on a weekly and monthly basis. The useful life on these items is between 5 - 10 years. They would qualify for Sec 179 if they… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
20,706 satisfied customers
Are furnishings/appliances for vacation home converted to
Are furnishings/appliances for vacation home converted to rental (in 2018) qualifying property for economic stimulus special depreciation?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
11,251 satisfied customers
Subject 179 expense. Any improvement to a buildings interior
Subject 179 expense. Any improvement to a buildings interior qualifies for 179 expense unless the improvement is attributable to the internal structursl framework of the building. If new offices are c… read more
Carter McBride
Carter McBride
LLM
3,549 satisfied customers
I purchased and renovated a commercial building in 2018
I purchased and renovated a commercial building in 2018 (purchase price $600k, renovations after purchase $350k). How do I know which is best to use when filing, 179 for renovations, cost segregation … read more
Angie
Angie
Bookkeeper, Tax Preparer, Office Manager
393 satisfied customers
I'm trying to get clarification on tax laws regarding
I'm trying to get clarification on tax laws regarding purchasing equipment and what i can expense and/or depreciate … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
20,706 satisfied customers
Chad, earlier I asked you about the new IRS 176 about
Second opinion] Chad, earlier I asked you about the new IRS 176 about expensing some items instead of depreciating then You said it applies to apartment buildings as long as they were held for busines… read more
Barbara
Barbara
Enrolled Agent, Paralegal
11,251 satisfied customers
Is there a cost to using this service? How is the rest of
My question relates to the availability of the Section 179 deduction for improvements to a car wash in 2017.… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
20,706 satisfied customers
Are there any circumstances, that a purchase of a dwelling
Are there any circumstances, that a purchase of a dwelling unit that will be used to rent to transients (7/30 days), can qualify for section 179 deduction? I qualify this year as a "Real Estate Profes… read more
Jonathan Tierney
Jonathan Tierney
MBA
295 satisfied customers
I just starting and my clients are inquiring about section
I just starting and my clients are inquiring about section 179 for this year , I need more information about this matter. Exactly how does this work , is it something that i need to get approve for , … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
Robin: This time my topic is regarding claiming bonus
Hi Robin: This time my topic is regarding claiming bonus depreciation (accelerated depreciation). I understand we can claim bonus depreciation in 2013 and 2014 tax years. 1. I understand if we categor… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
Wayne,I built a $12,000 studio/shed on my property this
Hi Wayne, I built a $12,000 studio/shed on my property this year. It's on pier blocks (no foundation) and just under the square footage required for a building permit. It's just under 10' by 20'. Can … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,519 satisfied customers
deduction in Is section 179 deduction $500,000 limited
deduction in Is section 179 deduction for 2014 $500,000 limited to $2,000,000 qualified purchases in 2014? Do retail gasoline pumps qualify for section 179 in?2014? What is the marcs and amt life of g… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
I HAVE A CLIENT WHO IS A FARMER. HE BUILT A GRAIN BIN, IS
I HAVE A CLIENT WHO IS A FARMER. HE BUILT A GRAIN BIN, IS IT ELIGIBLE FOR 179 OR JUST THE BONUS DEP.… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,519 satisfied customers
Im starting a car rental business. I want to buy 2 cars to
I'm starting a car rental business. I want to buy 2 cars to start with, and buy them 100% in cash out right. Can I utilize section 179 to deduct the full purchase price of both cars, since they are ca… read more
CFEPro789
CFEPro789
Fraud Analyst
Master's Degree
369 satisfied customers
This is federal income tax question for 2011. I am a self
This is federal income tax question for 2011. I am a self employed farmer. I am building a new machine shed which will be complete in 2011. The shed will be depreciated 100% under the "bonus depreciat… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
I still am not clear on the answer. Page 16 under "Eligible
I still am not clear on the answer. Page 16 under "Eligible Property" Line#2 states "except buildings and their structural components". And we will not be storing bulk storage of fungible commodities … read more
Anne
Anne
Master Tax Preparer
2,551 satisfied customers
Can a clearspan fabric structure be considered temporary and
Can a clearspan fabric structure be considered temporary and thus be able to take advantage of the Internal Revenue code Section 179 Benefit? It is a fabric storage building for a business that is anc… read more
Anne
Anne
Master Tax Preparer
2,551 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