Ask Tax Questions
John StancilTax Professional Level: Master Tax Advisor
Although I do not have a great deal of experience in putting accountable plans together, this article I wrote on accountable vs. non accountable plans might be of benefit. Business Expenses: Accountable vs. Non-... Read More
0
0
John StancilTax Professional Level: Master Tax Advisor
First of all, I am not certain what $85,000 threshold you refer to. The Foreign Earned Income Credit is now $102,100 that is what \you are making reference to. If you have paid into social security your delinquent... Read More
John StancilTax Professional Level: Master Tax Advisor
No. Sunscreen or other skin care products available over the counter are not deductible tax items. If a prescription medication, they would be deductible as medical expense. Read More
Todd StrumpferTax Professional Level: Tax Enthusiast
Yes you can! A golf course is basically a large landscaping project. Landscaping is 15 year property. Components of the clubhouse will also be accelerated with Cost Segregation. Our firm has done several Cost... Read More
John StancilTax Professional Level: Master Tax Advisor
You are a residential alien if you meet the substantial presence test. To meet this test, you must be physically present in the United States (U.S.) on at least: 31 days during the current year, and 183 days... Read More
John StancilTax Professional Level: Master Tax Advisor
In 2017, the basic rate for individuals begins at 15% for taxable income up to $45,916 and escalates to 33% for taxable income over $202,800. Capital gain rates are 7.5% to 16.5%. In addition, each province/... Read More
