Finance

Have finance questions? Ask a financial expert online.

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

Related Finance Questions
If I take an early withdrawal from my SEP IRA for, say,
If I take an early withdrawal from my SEP IRA for, say, $40k, and later in the same year I contribute $40k back into the SEP IRA, will I be able to offset the taxes? Would I just be liable for the 10%… read more
Rick
Rick
MBA
15,425 satisfied customers
I need advice on opening SEP IRA for our S corporation, Not
I need advice on opening SEP IRA for our S corporation … read more
NelsonProTax
NelsonProTax
Remote Tax Support Expert
Master's Degree
2,834 satisfied customers
This question pertains to SBA PPP loans and retirement
Hi, this question pertains to SBA PPP loans and retirement account contributions.Assume I am a sole proprietor and also have a SEP IRA retirement account. The contribution year is 2020. My age is 35.A… read more
Carter McBride
Carter McBride
LLM
8,400 satisfied customers
If the shareholder of S-corporation can take deduction for
if the shareholder of S-corporation can take deduction for IRA contribution upto 25% of the earnings of S-corporation, Is this deduction valid for LLC as well. ( RESPONSE EXPECTED FROM CPA'S ONLY PLEA… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,786 satisfied customers
Can I have a 401k as an employee and an SEP for my side
can I have a 401k as an employee and an SEP for my side business in the same year? … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,786 satisfied customers
I am an scorp, can I invest profits into mutual funds
Hello,I am an scorp, can I invest profits into mutual funds without being taxed on the profit until I pull it out of the business?Thanks, Todd… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,768 satisfied customers
Question on SEP IRA contribution A client has Sch C Income
Question on SEP IRA contributionA client has Sch C Income and also 100% owner of a scorpFor 2017 he took 40k in wages...Did a salary deferral of $18k and did employer contribution of 10k.Question is w… read more
Carter McBride
Carter McBride
LLM
8,400 satisfied customers
A client was self-employed in 2016. He made a contribution
A client was self-employed in 2016. He made a contribution to his SEP.He switched jobs and is an employee for 2017. He wishes to make a contribution to the same SEP plan for 2017. I am uncertain if he… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,197 satisfied customers
I have a two clients that operate an LLC. They provide
I have a two clients that operate an LLC. They provide advisor services in the medical field. They each have other jobs where they contribute to a 401k. I have advised them they can also set up a (SEP… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,786 satisfied customers
We are a single member LLC filing a Schedule C. Because we
We are a single member LLC filing a Schedule C. Because we need more deductions to lower our crazy high tax for 2016, the only other option I was reading up on that could help us for 2016 as a deducti… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,768 satisfied customers
I am the sole employee of my LLC (taxed as an S-corp). What
I am the sole employee of my LLC (taxed as an S-corp). What is the correct formula to determine my SEP IRA contribution limit? For example, if I had $60K in salary, $10K in health benefits (so my W-2 … read more
ABC Accounting Group
ABC Accounting Group
Bachelor's Degree
1,076 satisfied customers
My son is self employed as an independent contractor. He
Hi My son is self employed as an independent contractor. He gets 60000$ per year. In order to reduce his self employment tax liability could he incorporate and make the company as the contractor and d… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
7,121 satisfied customers
As a Subchapter S corp and employee can my firm make
okay as a Subchapter S corp and employee can my firm make contributions to me in the form of a Sep-IRA? … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,786 satisfied customers
I have an Accounting question, A business owner says they
A business owner says they funded a SEP account using there personal bank account and not there business bank account. How to record this transaction as a business expense on the books? Or is that even possible? … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,786 satisfied customers
O.k i have a question regarding LLC company and an S
o.k i have a question regarding LLC company and an S corporation company , this are my questions.-If i have a client that has an LLC and this company made $2500000.00 gross receipts and from those 250… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,993 satisfied customers
Lane and I hope all is well. I'm not sure what happened
Hi Lane and I hope all is well. I'm not sure what happened on Saturday but I ordered a phone call, paid $39 and never heard anything back from JustAnswer on how to proceed. We got everything figured o… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,786 satisfied customers
I have a client who wants to contribute to a SEP. He is the
I have a client who wants to contribute to a SEP. He is the sole owner of an S-Corp which he has a projected salary amount of $75,000.00 for 2014. He wants to his Corporation to contribute the maximum… read more
PDtax
PDtax
Owner
Master's Degree
6,579 satisfied customers
My question is a two part Question 1. What is better
My question is a two part Question: 1. What is better to purchase a Roth or IRA...I understand the Roth you pay tax on it now so later on when you retire and draw from it you aren't taxes..but my thou… read more
Bill
Bill
Master's Degree
3,255 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:

Rakhi Vasavada

Rakhi Vasavada

Financial and Legal Consultant

2,614 satisfied customers

Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

2,305 satisfied customers

More than 5000 online tutoring sessions.

Megan C

Megan C

Certified Public Accountant (CPA)

16,632 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

JKCPA

JKCPA

CPA

844 satisfied customers

Bachelors degree and CPA with Accounting experience.

Dave CPA

Dave CPA

Accountant

231 satisfied customers

I'm a CPA with over 10 years of experience

ConceptsCoach

ConceptsCoach

Certified Public Accountant (CPA)

171 satisfied customers

Chartered Accountant and MBA

sgriffin26

sgriffin26

Loan Officer

93 satisfied customers

Licensed RE Agent, Loan Officer, and NMLO. I have been in residential lending for over 10 years.

< 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