 I'm inhereiting my dad's pension. I live in OH. My dad lived/died in VA. Is this taxable? |
| My brother and I as the only heirs to my fathers estate are inheriting it per Virginia law. His estate is made up of mainly his pension which is in the tune of $150,000 which will be split between ... |
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 How to find someone's AGI? |
| So, my ex and I are divorced and have joint custody. We alternate custody on a weekly basis and the division of time that our boys spend with each of us is about equal. I, however, have paid ALL of ... |
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 My husband and I got married Nov.2007, but his employer never switched his status in their records so they hav? |
been taking more money out of his taxes bc it still says he is single. Will we be able to get that money back on our tax return?
Additional Details
so how would i go about that stating ... |
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 I am having to pay taxes again, what am I doing wrong? |
| I am a single woman with no dependents and I work two jobs. It seems my employers aren't taken enough taxes out of my wages. For 2006 I claimed 1 for my full time and 0 for my part time, any ... |
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 Sales tax????? |
| how do i figure out 6.25% sales tax on a item that is $149?... |
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 I won $5,200 in groceries. Groceries are not taxable in NJ. Do I owe tax on the money? |
The prize was awarded by a radio station in PA.
And if I do owe, does anyone know the fed & state tax rate for winnings?... |
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 Has anyone ever experienced being emotionally and fincially "raped" by the IRS? |
I work hard and about two years ago, I took that "leap of faith" and changed jobs. The 2nd job change did not work out for me and my third job is now in to almost two years.
I feel ... |
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 Wheres my refund? |
| All week I have checked the refund status on the IRS website (Wheres my refund?) I did my taxes with H & R Block online, IRS accepted my return 1/20/08 and on the irs web it said my refund should ... |
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 What status should I file if I got married last year, but we never lived together due to work? |
We both own our homes. I have a dependent.
I've been told I can file head of household, but you can only file this if you are single.... |
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 When does the advance tax returns with a paycheck stub begin for H&R Block or Jackson Hewitt??? |
| It's a loan you can apply for that will get you a partial amount of the refund they anticipate you will get. You have to have your paycheck stub to get it though. I know it starts around the ... |
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| i have health probllems and extreme anxitey problems to the point after 4 years ive realised i definatly cant work right now, i can claim incapacity cause im currently out of work, im 20 and live at ... |
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| I hope someone out there can clear this up for me. I recieved a letter from the IRS stating that I would recieve a stimulus check...even my tax man confirmed that I would...but I have not! I was ... |
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Miller | If i am self-employed could I buy a new van every year and write the whole amount off against tax for the year |
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suerye
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No, this is a capital item and you can only claim capital allowances - normally 25%.
People who are saying you can depreciate are only half right - depreciation is not allowable for tax purposes, so you would have to add it back on your slef assessment and claim capital allowances as I have said. |
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Rob B
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No, you'd have to deprecitate the expense over several years. |
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avataz_99
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Actually, there is a weigh you can do this. Form as S Corp and use Section 179 on that bad boy. Just make sure that writing it off entirely doesn't bring your income to a negative number, otherwise it all won't be allowed in the current year and you'll have a Section 179 carryover. Not to mention, don't sell the vans the next year or you have to pay tax on the depreciation recapture |
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Kudos_to_that
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No. You'll have to pay it over a period of time (a few years). |
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Nimbus
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you can only depreciate the value of company vehciles by a given percenetage each year, from memory 25% of new value |
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confucious says
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NO the tax office will only only allow you to depriceate at a certain level each year until it has reached zero it varies from van to van and occupation you are employed in |
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Onestep downfrom God
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Not often fengirl 2 is wrong, but............
First year allowances are available at up to 100% in enterprise zones and 50% elsewhere. So you're halfway there! |
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Graham H
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You can't write off the whole purchase price. You can only write off the amount lost between the purchase price and sale price.
The previous answers deal with a van you keep. I am assuming you sell it after a year to buy the replacement. |
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