Finance

Have finance questions? Ask a financial expert online.

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

Related Finance Questions
We are a husband-and-wife 50/50 shareholders in our S-Corp.
Hi, We are a husband-and-wife 50/50 shareholders in our S-Corp. We have a solo 401K which we have contributed the maximum for 2020 in salary deferrals ($56,000 as we are over 50 years old) plus employ… read more
NelsonProTax
NelsonProTax
Remote Tax Support Expert
Master's Degree
2,688 satisfied customers
I'd like to put more into a retirement account than the
I'd like to put more into a retirement account than the current individual contribution limits. I have an LLC that's taxed as an S-Corp, can I set up a SEP-IRA? Or what are other tax-advantaged option… read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,416 satisfied customers
Lane, We've discussed this before some but I'm still kind of
Hi Lane,We've discussed this before some but I'm still kind of confused, if you're available for a chat that would be preferable. Questions about KPERS, 457, plus solo 401k with roth contributions. Th… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
25,712 satisfied customers
Small, consulting LLC, husband and wife, selected "S" corp
Small, consulting LLC, husband and wife, selected "S" corp for taxes. Set up a Solo 401k with TD. plan allows for Pre-tax, Roth, After Tax and Employer Electives. … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,532 satisfied customers
Where do i deduct my Individual K employee deduction and my
where do i deduct my Individual K employee deduction and my employer deduction? … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
25,712 satisfied customers
Would I be able to cash out already-taxed retained income
Would I be able to cash out already-taxed retained income from last year, from my S-Corp? - I have an S-Corp in Bay Area, California. I retained some profits into my business account last year, after … read more
DK_CPA
DK_CPA
CPA
Master of Science in Accounting & Taxationb
2,514 satisfied customers
How can I maximize 401 contributions as a small business?
How can I maximize 401 contributions as a small business? I've read you can claim up to $20,000 as a DBA, but is there a way as an LLC you can provide 401k matching? Which way helps you maximize your … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
25,712 satisfied customers
I have a question about optimizing our tax planning using a
I have a question about optimizing our tax planning using a solo 401k plan for my wife's law practice (solo practitioner in California) for 2018. Namely, is it worth setting up an S corp instead of th… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,532 satisfied customers
I own a business (S-Corp) and last year had about $170K in
I own a business (S-Corp) and last year had about $170K in profit, and contributed about $30K to a SEP. For 2017, I'm planning to do the same, HOWEVER, I am also starting a traditional job in Dec in w… read more
Barbara
Barbara
Enrolled Agent, Paralegal
21,270 satisfied customers
I am wondering if you can help me figure out my tax
I am wondering if you can help me figure out my tax situation that I am planning out for next year? It involves me as a sole proprietor (real estate agent / ind contractor) possibly converting to a s-… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,532 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
1,071 satisfied customers
May I ask a question about retirement accounts for a S Corp?
May I ask a question about retirement accounts for a S Corp? If -- 1. I'm the only owner of a S-corp. 2. I've been having a SEP account for myself for couple of years. 3. I plan to open an IRA to cove… read more
Bill
Bill
Master's Degree
3,255 satisfied customers
I am the sole owner of an LLC that is taxed as an S Corp. I
I am the sole owner of an LLC that is taxed as an S Corp. I also have a solo 401K and I want to make sure that I understand the process for contributing to my 401K while maximizing the contribution.I … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
25,712 satisfied customers
Need help understanding what gets counted towards my
Need help understanding what gets counted towards my "Reasonable Compensation" as a shareholder-employee of my S-corp.I have an S-corp which I am 100% shareholder of. Myself and my wife are the only e… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,532 satisfied customers
Thanks Lane. I really appreciate it on the last question.
Thanks Lane. I really appreciate it on the last question. One last thing on the 401k with the pension plan. Lets say the pension plan is in a business along with the 401k being a company plan. With bo… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
25,712 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, CFP, MBA, CRPS
Doctoral Degree
25,712 satisfied customers
Hi, I have my own S-corp and I am the only employee in the
Hi, I have my own S-corp and I am the only employee in the company. I also have a SEP-IRA and I am contributing 25% of salary from my company. Questions: 1. Can I also have SOLO-401k for the company i… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
2,225 satisfied customers
I have an S-Corp and a Solo 401K. Ive been told that you
I have an S-Corp and a Solo 401K. I've been told that you cannot make just employer contributions if employee contributions are zero. You have to make employee contributions and then the employer has … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,775 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

2,201 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