Finance

Have finance questions? Ask a financial expert online.

Ask an Expert,
Get an Answer ASAP!

Related Finance Questions
Can I claim a loss from s corp on my personal tax return? My
Can I claim a loss from s corp on my personal tax return? My stock basis is 29090 - non deductible expenses $20- separately stated income $10441 = stock basis $18629 … read more
Lane
Lane
JD, CFP, MBA, CRPS
15,527 satisfied customers
4 years into 5 year depreciation, contractor who was using
4 years into 5 year depreciation, contractor who was using computer equipment my C corp owned went out of business and lost the equipment to his landlord. I'm guessing I can write off the balance, but… read more
PDtax
PDtax
CPA, MBA
5,189 satisfied customers
When filling out Schedule L (balance Sheets per books) for a
When filling out Schedule L (balance Sheets per books) for a S-corporation do I include section 179 deductions as depreciation of assets… read more
Lane
Lane
JD, CFP, MBA, CRPS
15,527 satisfied customers
How to add goodwill to exisiting c corp, Selling a business
Selling a business goodwill but have no cost basis on books from prior accountant … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 satisfied customers
I am trying to complete IRS form 1120 and the company assets
I am trying to complete IRS form 1120 and the company assets now are over $250000 so I must complete schedule L. I know a balance sheet is Assets = Liability + Equity. I cannot figure out where the eq… read more
PDtax
PDtax
CPA, MBA
5,189 satisfied customers
It is not about tax issue. It is about presenting the balance
It is not about tax issue. It is about presenting the balance sheet. Three shareholders purchased an S "Corporation for 1.5 million on a stock sale. … read more
Lane
Lane
JD, CFP, MBA, CRPS
15,527 satisfied customers
The deal was for 60 k assets and 300k goodwill. balance
the deal was for 60 k assets and 300k goodwill. balance sheet assets book value 105k how can I report on tax return?… read more
Lane
Lane
JD, CFP, MBA, CRPS
15,527 satisfied customers
I need help filling out the shareholders basis worksheet.
I need help filling out the shareholders basis worksheet. The one shareholder that we are trying to fill it out for is as follows. The Vice President does not work directly for the company. This compa… read more
BK-CPA
BK-CPA
Bachelor's Degree
919 satisfied customers
My name is ***** *****. I have a questions regarding
Hi my name is ***** *****. I have a questions regarding disposition of Section 179 assets and S Corps. … read more
PDtax
PDtax
CPA, MBA
5,189 satisfied customers
Anne, I am preparing a tax return who was a shareholder in
Hi Anne, I am preparing a tax return for client who was a shareholder in an S corp. The S corp is out of business and he received a final K-1. After his share of income and a distribution for 2014, he… read more
Lane
Lane
JD, CFP, MBA, CRPS
15,527 satisfied customers
S corporation shareholder had loans due to the corporation
S corporation shareholder had loans due to the corporation and is terminating his ownership. The loans will not be repaid. How are the loans treated on the 1120S return and taxed to the individual?… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
2,222 satisfied customers
I am dissolving an S corp and the only shareholder. The end
I am dissolving an S corp and the only shareholder. The end of year balances are: Loan from shareholder 6000.00 Capital stock 1000.00 Paid in Capital 2000.00 Retained earnings (3000.00) Net Loss 6000.… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
2,222 satisfied customers
How can I find out if and/or when Washington Mutual Bank stock
How can I find out if and/or when Washington Mutual Bank stock has been declared worthless? I have recieved a distribution of new stock, which I sold in 2012. I need to see if I can use my original co… read more
Lane
Lane
JD, CFP, MBA, CRPS
15,527 satisfied customers
I am preparing a tax return for a client with a new business
I am preparing a tax return for a client with a new business and I have received a K-1 from her CPA for her Sub-chapter S business. There is an entry on line 16 d which is around half of the amount of… read more
Lane
Lane
JD, CFP, MBA, CRPS
15,527 satisfied customers
Discussion Question:9-5. An existing partner wants to
Attachment: 2012-04-10_011623_kassigment.docx Discussion Question: 9-5. An existing partner wants to contribute property having a basis less than its FMV for an additional interest in a partnership. a… read more
Manal Elkhoshkhany
Manal Elkhoshkhany
Tutor
1,933 satisfied customers
How would each of the following items be reported on the balance
How would each of the following items be reported on the balance sheet a) Accrued vacation pay b) Estimated taxes payable c) Service warranties on appliance sales d) Bank overdraft e) Personal injury … read more
Manal Elkhoshkhany
Manal Elkhoshkhany
Tutor
1,933 satisfied customers
1. An organization that has not published accounting standards
1. An organization that has not published accounting standards is the American Institute of Certified Public Accountants. Securities and Exchange Commission. Financial Accounting Standards Board. All … read more
John Mark
John Mark
Finance Manager
Chartered Accountant
172 satisfied customers
$20,000 8% 9-month payable requires an interest payment of $1,200
1) A $20,000, 8%, 9-month note payable requires an interest payment of $1,200 at maturity. True or false? 2) If bonds sell at a premium, the interest expense recognized each year will be greater than … read more
Manal Elkhoshkhany
Manal Elkhoshkhany
Tutor
1,933 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

Megan C

Megan C

Certified Public Accountant (CPA)

2,222 satisfied customers

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

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

1,933 satisfied customers

More than 5000 online tutoring sessions.

JKCPA

JKCPA

CPA

844 satisfied customers

Bachelors degree and CPA with Accounting experience.

Eric

Eric

Financial Manager

559 satisfied customers

Loan servicing, counseling and real estate expert. Foreclosure Expert and Financial Planner.

R. Klein, EA

R. Klein, EA

Accountant

480 satisfied customers

TurboTax Expert. QuickBooks Certified Pro Advisor

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

332 satisfied customers

NASD Licensed Rep, 1997-2001, Business Attorney

< 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