Finance

Have finance questions? Ask a financial expert online.

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

Related Finance Questions
RE: • S-Corp to LLC • Discarding an Entity, and notifying
RE: • S-Corp to LLC • Discarding an Entity, and notifying the IRS • Business Name Change without Federal Tax ID changeDear *****, Few questions: 1. What are the required steps and/or form to designate… read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
2,452 satisfied customers
Hope you're having a great week end. One of your answers
Hello Stephen, Hope you're having a great week end. One of your answers made me think that perhaps I've made a mistake. You answered that I must report the LLC in Texas in a Schedule E. I've never rep… read more
Stephen G.
Stephen G.
Sr Financial Expert
9,540 satisfied customers
I am an officer in a California S-Corp. I am going being
Hi. I am an officer in a California S-Corp. I am going being paid a salary as a W2 employee with my company. However, I do also own an LLC for my consulting business. Is it possible to get paid by my … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
36,795 satisfied customers
I am self-employed and I have a single member LLC since
Hello,I am self-employed and I have a single member LLC since 2017. I reinvest heavily into the business, keeping my taxable income low while I grow the business. However, I don't know what strategy t… read more
Barbara
Barbara
Enrolled Agent, Paralegal
16,944 satisfied customers
I've just setup an LLC (June) but want to recognise revenue
Hi there, I've just setup an LLC (June) but want to recognise revenue generated since Jan 2019 - how do I do that? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
16,944 satisfied customers
To claim double declining method of depreciation, does an
to claim double declining method of depreciation, does an asset (truck) have to be in a business name?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
36,795 satisfied customers
I have an S-corp which owns 30% of an LLC that offers design
I have an S-corp which owns 30% of an LLC that offers design services.Since both of these companies will flow to my Schedule E Part II. Shall i single out the LLC as its own line or lump it into the S… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,718 satisfied customers
I have been running Company A - an electronics design
Hello there -- I have been running Company A - an electronics design company for the last 15 years or so. Its a LLC, I am the founder/CEO and own 100% of the company. Basically, a one man show, I hire… read more
Matthew Breecher
Matthew Breecher
President
MBA (Graduate Legal Studies)
283 satisfied customers
ANY CPA TAX PROS OUT THERE? I am about to form an LLC and
ANY CPA TAX PROS OUT THERE?I am about to form an LLC and have some questions that I could use help on. I have an attorney to do the LLC but he suggested I speak to someone in the tax industry about my… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
22,005 satisfied customers
If a C-corporation owns 100% of an LLC (a subsidiary), are
If a C-corporation owns 100% of an LLC (a subsidiary), are all the LLC's P&L, Balance sheet reported on the parent c-corporation's 1120 form as if the corporation directly generates those income and a… read more
Jonathan Tierney
Jonathan Tierney
Certified Public Accountant (CPA)
MBA
323 satisfied customers
I have a small business that I have been working on for 2
Hello! I have a small business that I have been working on for 2 years. I am funding it myself, using proceeds from the sale of another company. I am now trying to get funding for the company and am r… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,539 satisfied customers
I have a simple but probably unusual accounting question I
I have a simple but probably unusual accounting question I am an American citizen and I'm interested in setting up an offshore LLC (like a Nevis LLC) to manage my personal investments (in stocks and bonds held in offshore brokerages) and also some consulting work that I do (consulting work is in the US). I would be the sole member. I understand that if I elect to be considered a disregarded entity (in form 2553 and/or form 2883) on my personal income tax return, I would report all income from the Nevis LLC on my Schedule C, but my understanding is that tax returns with Schedule C returns have a much higher risk of being audited (than returns with income on Schedule E, like income from an S Corp) - so as an American citizen is there any way to have a single member offshore LLC and report its income on my tax return like an S Corp's income (Schedule E) would be reported? If no, then if I had a multi-member offshore LLC, could I then report the offshore LLC income on Schedule E? Or is the tradeoff of owning an offshore LLC that the income gets reported on Schedule C and therefore increases the audit risk? … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,718 satisfied customers
I've been running my business with a DBA for several years.
I've been running my business with a DBA for several years. I just received my LLC paperwork back, but I'm wondering if it wouldn't be a better idea to wait until January 1, 2017 to begin operating un… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,718 satisfied customers
Need Advice URGENTLY- just did an employee buy out of small
Need Advice URGENTLY- just did an employee buy out of small business, need to register business with state. Trying to figure out the best filing structure. It's a little tricky. I'm a single mother of… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
22,005 satisfied customers
I am working with an individual who is a 100% owner in two
I am working with an individual who is a 100% owner in two business - one is a single member LLC, and the other is an S-Corp. Both companies report on cash basis. The LLC buys parts and then sells the… read more
PDtax
PDtax
Owner
Master's Degree
5,961 satisfied customers
Question.- Im a tax preparer have a client that does
question.- Im a tax preparer have a client that does cleaning on houses and during the entire year she deposit $45817.00 but of course she only had like $3500.00 in expenses but did not pay herself a … read more
Robin D.
Robin D.
Vocational, Technical or Trade School
22,005 satisfied customers
hello, I am buying a massage center which has been running
hello, I am buying a massage center which has been running for several years, and has three massage therapists working who are paid commission based (50%). I will be managing this business and would l… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,718 satisfied customers
Tax implication on rental property ownership Hello, I have
Tax implication on rental property ownership Hello, I have a rental property that is currently owned by me as an individual. I am considering transferring the owner to a LLC for asset protection. I am… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,718 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)

2,225 satisfied customers

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

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

2,162 satisfied customers

More than 5000 online tutoring sessions.

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