Finance

Have finance questions? Ask a financial expert online.

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

Related Finance Questions
Is it possible to write off taxes/depreciation on a
Is it possible to write off taxes/depreciation on a purchased e bike for delivery purposes? How to determine amount used for business?… read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,441 satisfied customers
I have a small pet grooming business. We bought three
I have a small pet grooming business. We bought three vehicles and two trailers for the business in 2020. We paid cash and own them free and clear. I bought and sold one vehicle in 2020. And we sold a… read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,441 satisfied customers
I purchased equipment for my business last year. I might
Hello, I purchased equipment for my business last year. I might want to sell some of the equipment. How would I account for that? … read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,441 satisfied customers
I want to buy a computer for my S Corp, and finance it with
I want to buy a computer for my S Corp, and finance it with a bank loan. The loan rates are better if I purchase it and take the loan in my personal name. Can I still treat it as a business asset in t… read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,441 satisfied customers
Sale of personal property to corporation. Oregon. Business
Recently converted from sole prop to C corp. Insurance Agency with Digital Ad focus… read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,441 satisfied customers
I set up several asset accounts for some business equipment
I set up several asset accounts for some business equipment we bought. On our 1120S the previous year, I took the Section 179 deduction for them, since each item was under $2500, and several accountan… read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,441 satisfied customers
We own a mobile home park. If I purchase a mobile home and
We own a mobile home park. If I purchase a mobile home and rent it to a tenant, is the purchase price tax deductible? We do itemize our tax return. … read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,441 satisfied customers
I have a small businsss tax question. No, Yes. I need them
Yes. I need them to know about Section 179 depreciation for businsss vehicles.… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,614 satisfied customers
I have an scorp in florida with 2 other shareholders. We are
I have an scorp in florida with 2 other shareholders. We are starting to make quite a bit of income and are looking into real estate to offset our income. Should we open another llc or corp and buy re… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,269 satisfied customers
I have an llc construction company that elected to be A sub
I have an llc construction company that elected to be A sub s elect in 2013. I have a large project we are currently finishing And will be collecting approximately 200k at the last week Of this year. … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,269 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
Owner
Master's Degree
6,530 satisfied customers
I bought new car solely purpose and this own new company in
I bought new car solely for business purpose and this for my own new company in Aug 2015. I registered my new company s corp in Sep 2015. I use car for the new company. I wanted to use actual car expe… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,614 satisfied customers
In 2010 we had one final item to file business that was
In 2010 we had one final item to file for our business that was sold. It was a left over 30000 attorneys fee that we have not paid. We were under the assumption we could not file the return intil we p… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,269 satisfied customers
I need help filling out IRS form 4797, regarding sale of a
I need help filling out IRS form 4797, regarding sale of a business truck that was purchased in 2013, used a section 179 deduction for it for full purchase price, and then sold in 2014 when the busine… read more
PDtax
PDtax
Owner
Master's Degree
6,530 satisfied customers
I've just discovered I incorrectly recorded a fixed asset as
I've just discovered I incorrectly recorded a fixed asset as an expense in 2014, how hard is this to fix in Quickbooks?… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
3,228 satisfied customers
In 2010 I personally purchased a motor yacht with the intention
In 2010 I personally purchased a motor yacht with the intention of using it primarily for business purposes. As it turned out, I used it 100% for business purposes - as a field office in Maryland for … read more
Isaac, Esq.
Isaac, Esq.
Attorney at Law
Doctoral Degree
765 satisfied customers
Sec 179 Expening and Macrs Depreciation. Ted is in the rental
Sec 179 Expening and Macrs Depreciation. Ted is in the rental real estate business. During 210, ted purchased and place in service the folowing assets: A) What are ted's total depreciation deductions … read more
DanielleCPA
DanielleCPA
Certified Public Accountant
Bachelor's Degree
798 satisfied customers
Hello, I have an S-Corp and have sold some equipment that has
Hello, I have an S-Corp and have sold some equipment that has been depreciated ahead and want to know what my options are for handling the situation as far as possibly deferring the taxes or making a … read more
Taxtom
Taxtom
Accountant
Bachelor's Degree
1,306 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

4,556 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

2,201 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