Finance

Have finance questions? Ask a financial expert online.

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

Related Finance Questions
I have an S corp. It stopped operating 3 years ago. I sold
I have an S corp. It stopped operating 3 years ago. I sold the assets and have been receiving monthly payments. That is the only thing that has been happening for 3 years. I would like to shut the cor… read more
PDtax
PDtax
Owner
Master's Degree
6,602 satisfied customers
I have a client that is selling her business which is a
I have a client that is selling her business which is a franchise restaurant to daughter. Is it possible to do this on an installment sale and recognize gain over 10 years? The assets are equipment an… read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,788 satisfied customers
I'm selling a delaware c corp I wanted to understand tax
Second opinion] I'm selling a delaware c corp I wanted to understand tax implications of selling the delaware c corp it it's an asset sale? What are the general costs associated with selling the busin… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,989 satisfied customers
How to properly disolve a S corporation and what happens to
how to properly disolve a S corporation and what happens to assets that are still finnanced under company name that are personally guranteed by share holder?… read more
Matthew Breecher
Matthew Breecher
President
MBA (Graduate Legal Studies)
283 satisfied customers
I have 2 stockholders in an S corp with a piece of land. The
I have 2 stockholders in an S corp with a piece of land. The cost basis is $200,000 and the FMV is $4,000,000 ( no debt). One stockholder wants to buyout the other by purchasing his stock in the corp … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,989 satisfied customers
My real estate development S corp sold its last major real
My real estate development S corp sold its last major real estate property in 2016 for a $200,000 loss. All debts were paid off and all cash in the S corp was distributed to me, the sole shareholder, … read more
PDtax
PDtax
Owner
Master's Degree
6,602 satisfied customers
Would this be a new question or an extension of the old
Would this be a new question or an extension of the old question? … read more
PDtax
PDtax
Owner
Master's Degree
6,602 satisfied customers
I have dissolved my C-corp yesterday. I am in the process of
I have dissolved my C-corp yesterday. I am in the process of filling out form 966. I have two questions. Question 1: I am confused about what to write in these two areas on from 966: - (6) Last month,… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,989 satisfied customers
Have a 2 step business sale. one business is buying another
have a 2 step business sale. one business is buying another (step 1), then trying to sell as a group to another entity (step 2). trying to avoid STCG treatment as much as possible as it relates to the… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,989 satisfied customers
I am a 50% owner in a small company (C corp) and my partner
I am a 50% owner in a small company (C corp) and my partner wants to retire. The company was once very thriving but sales have greatly diminished and in the last couple of years we have been showing a… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
26,635 satisfied customers
HiI am trying to dissolve an s corp and I am coming across
Hi I am trying to dissolve an s corp and I am coming across so many difficult instructions, until I found your answers. I need help understanding why the balance sheet is off and whether or not I need… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
26,635 satisfied customers
I was part owner in a S CORP family business. We recently sold this
I was part owner in a S CORP family business. We recently sold this BIZ and it was an asset sale (not a stock sale). My portion of the sale was $720K. My CPA said that this would be taxed as regular i… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,989 satisfied customers
Lane: I have a question about Washington Mutual, and you
Lane: I have a question about Washington Mutual, and you seem to be the resident expert here. So here goes... Washington Mutual, Inc. ("WMI") was the bank holding company. It filed for BK protection. … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
26,635 satisfied customers
I purchsed shares of GM before it filed for BR. Now I own stock
I purchsed shares of GM before it filed for BR. Now I own stock in a liquidation company I've never heard of. The shares yesterday were worth 9 cents per share. GM just sold 10 billion at 33.00 per sh… read more
Eric
Eric
Financial Analyst / Trader
Bachelor's Degree
1,552 satisfied customers
You own an oil well that will pay you $25,000 per year for
You own an oil well that will pay you $25,000 per year for 8 years, with the first payment being made today. If you think a fair return on the well is 7%, how much should you ask for if you decide to … read more
John Mark
John Mark
Finance Manager
Chartered Accountant
232 satisfied customers
My sister & I have a small family corporation (we have all
My sister & I have a small family corporation (we have all the shares, I am President, she is Secratary and VP)(it is a C Corp in Colorado). We are in the process of dissolving it. The corp has severa… read more
Milan Vaishnav
Milan Vaishnav
Consulting Technical Analyst
Bachelor's Degree
536 satisfied customers
I recently sold a company for 100K, what should I do to limit
I recently sold a company for 100K, what should I do to limit my income tax hit. I will probably buy a house in 6 mths… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
42,989 satisfied customers
I am forming a closely held C corp to purchase a business.
I am forming a closely held C corp to purchase a business. I am going to "pay in" $100,000. Is it better, for example, to allocate $10,000 as common stock purchase and the remaining $90,000 as a loan … read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 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

2,316 satisfied customers

More than 5000 online tutoring sessions.

Megan C

Megan C

Certified Public Accountant (CPA)

2,225 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