What is the amount of Advanced Learn Burn Technology tax credit that I can claim for purchasing 2009 Jetta 2.0L TDI?
Maximum amount of credit for purchasing Jetta is $1300. This credit is only available on the first 60,000 vehicles sold before December 31, 2010. After the first 50,000 vehicles are sold, the credit begins to phase out. The Advanced Lean Burn Technology vehicle must be purchased, not leased. You must retain appropriate documents showing the purchase of the vehicle and the date of the delivery.
For additional information visit IRS web site at http://www.irs.gov/newsroom/article/0,,id=157632,00.html
I always get so much money back at the end of the year, almost $4,000. I would rather have some of that in my check each week, how much should I claim on my taxes?
I am a single mother, I own a condo where only my 4 year old son and I live. I make just under 30,000 a year. I am also a half-time student in college. Not sure what else you need to know to help me with this. Any advice would be greatly appreciated Rental House - Gift vs Inheritance.
My mother has a rental house for 23 years and now she wants to give it to me . What is the tax consequence? How can we avoid paying tax?
My friend suggested that my mother just leave the house to me in her will since it will be an inheritance the basic will be FMV at that time and I won't have to deal with the past rental. Is this true? I have received Form 5498. Do I have to include it in my tax return? How would you close this Balance Sheet (B/S) asset on the Final Return for S-Corp?
Cost: 60K – Depreciation 32K = Book Value 28K
Auto Loan (Liability) – 22K
Auto was sold to the shareholder (S/H) for 45K (FMV).
How would you 1) zero-out this B/S item on S-Corp return, 2) where are proceeds flowing and 3) how would you show that S/H had assumed this liability (if needed)?
I am a Tunisian national on J1 Visa in the US. However, I have never paid taxes in Tunisia. I did my PhD and was working in France for 5 years paying taxes there. I got my visa in France. Is my tax residency France or is it Tunisia? Because if I claim it to be Tunisia, there is no two years tax treaty. If it's France, what documents I need to claim the tax refund?