How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
A new question is answered every 9 seconds

Ask a Tax Professional

Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: General
Satisfied Customers: 572
Experience:  10 years experience
16356563
Type Your Tax Question Here...
characters left:
Tax Professionals are Online Now

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.W Matteson, IL
< Last | Next >
  • 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.W Matteson, 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. Bonnie Chesnee, SC
  • Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation. John Minneapolis, 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. Orville Hesperia, 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!!!! Alex Los 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. GP Hesperia, CA
 
 
 

Tax Rate Questions

What are the Tax Rates?

A tax rate is known as a certain percentage of a person’s income tax that is created from a person’s job site. A tax rate that is developed by the government can go up or it can decrease when it comes to taxable income. In the economic system, the tax rate is established by the income that a person makes; which is later put into a tax bracket depending on the person’s tax bracket. People that earn low income wages will have a smaller tax rate from the people that make more money.

What were the Capital Gains tax rates in 2010?

Capital Gain has tax rate of 0% which will end at the end of 2010, at the beginning of 2011 the capital gains rates will be at least 15%. In 2008, the 0% tax rate was set among the capital gains of a long-term level. The tax gains are set according to the investment that the person makes and the time that the interest is held.

Could taxing dividends at ordinary income tax rate negatively impact the stock market?

People that plan on investing in a company that paid funds to regular dividends. If an investor meets the requirement of the holding time then the funds of the income has to be taxed at a rate of 15% tax rate against the funds that are taxed from the tax rate.

What are the details of the inheritance tax rates in Nevada?

The state of Nevada doesn’t have an Inheritance tax at all and there is no tax established by the Internal Revenue Service that tried to collect taxes on the Federal level that dealt with Inheritance taxes. The Internal Revenue Service can issue Estate taxes if it applies to a particular situation. There is a set value on what is to be charged to the Estate taxes depending on the value on what the item or property may be.

What is the tax percent on a 401K withdrawal after age 59.5 if the person uses the money to pay off the mortgage?

If a person decides to take money out of a 401k after the person reaches the age of 59.5 then the rates will be taxed and the person will be charged with an early withdrawal penalty that is a 10% rate. The part that is taken out of the 401k will be taxed to the person and it would be added to the income of the taxes that are gained in order to know what the tax rate is.

A tax rate is established in order to make sure the government has regulated everything properly. Tax rates vary depending on the income that a person makes and it has to fix the budget of the people that pay income taxes. What are Tax Rates? What are the Federal Income Tax Rates? What is Corporate Tax Rates? These and many other questions concerning Tax Rate that are troubling people can be answered by the Experts.

Ask a Tax Professional

Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: General
Satisfied Customers: 572
Experience:  10 years experience
16356563
Type Your Tax Question Here...
characters left:
Tax Professionals are Online Now

How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Tax Professionals are online & ready to help you now

Wallstreet Esq.
Tax Attorney
Satisfied Customers: 570
10 years experience
Wendy Reed
Enrolled Agent
Satisfied Customers: 3052
15+ years tax preparation and tax advice.
Mark D
Enrolled Agent
Satisfied Customers: 985
MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Recent Tax Rate Questions

  • Canadian citizen, US permanent resident. Withdrew RRSP from

    Canadian citizen, US permanent resident. Withdrew RRSP from Canadian bank for 2013 and this money was the only source of living in 2013. The taxes withheld by Canada was 25%. Completed 1040 for 2013, filled in 8891, made an election under 217 and mentioned in 1040 the whole sum withdrawn from RRSP. Taxes withheld (25%) were mentioned in 8891. Also, sent T4 to Canada CRA for 2013. After my calculation, I was owing $0 to IRS and. Now, I received a letter from IRS saying that I owe about $4000. Not only the money was withdraw in a different currency (CAD) but it looks like I was double taxed, first by Canada and then by US. I have to call IRS to clarify this. Question: Is 1116 form needed? What should I make to correct this situation? Meanwhile, I received a check from Canadian CRA as a result to the tax return completed for 2013.

    Note: I mentioned the 25% taxes withheld for the whole RRSP taken in 8891 form and IRS mentioned that amount from 8891 (the taxes withheld) cannot be used as a credit on line 53 on 1040 form.

    For additional info please feel free to ask.

  • My husband is an interstate truck driver. How do we collect

    My husband is an interstate truck driver. How do we collect unreimbursed employee business expenses for his food and entertainment while on the road? More precisely, I am interested which line on the form 1040 should this expense be reported? Many thanks.
  • I have a question about my social security benefits.

    I have a question about my social security benefits.
< Last | Next >
View More Tax Questions