Finance

Have finance questions? Ask a financial expert online.

Ask an Expert,
Get an Answer ASAP!

Related Finance Questions
I am looking to superfund my children's 529 accounts (2 kids
Hi, I am looking to superfund my children's 529 accounts (2 kids - 2 accounts) and am evaluating the best way to get the funds. Does it make sense to take long term capital hit to fund these from curr… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,393 satisfied customers
I have a looming $3000 in s/t cap gain & 34,000 in l/t cap
I have a looming $3000 in s/t cap gain & 34,000 in l/t cap gains & $100k in cash from stock sales.Best way to reduce the tax. Can't I take l/t gains over time. My income this year's was about 35K. I a… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
2,800 satisfied customers
I'm a partner in a small business LLC which has been in
I'm a partner in a small business LLC which has been in business for 5 years. We have had continued growth and have decided to sell the business while the revenues continue to climb. There are two members and I believe we file as S Corporation. When a business sells what is the approximate tax rate paid from the sale? … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,666 satisfied customers
Second opinion] I recently liquidated my LLC. I'd like to
I recently liquidated my LLC. I'd like to distribute the cash to my personal account and close the business. … read more
taxmanrog
taxmanrog
Certified Public Accountant (CPA)
Master's Degree
1,482 satisfied customers
I am selling a business for $600,000 I will be getting a
Hi I am selling a business for $600,000 I will be getting a down payment of $275,000 the rest on a contract. My question is there is under $10,0000 in assets, and the rest is well established customer… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
1,989 satisfied customers
Nice to meet you!!, So I have a property in modesto, ca that
Hello Pearl, Nice to meet you!!, So I have a property in modesto, ca that I will be renting out in July or August, cause I currently took a second on it to help pay the down payment on the new house I… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,666 satisfied customers
I am one of the participants of LLC, holding 20% of
I am one of the participants of LLC, holding 20% of participatory interest in such. I want to out, so LLC will buy back my 20% interest in it and subsequently sell to another current owner of such LLC… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
1,989 satisfied customers
I am one of the two members of an LLC, and I am also the
I am one of the two members of an LLC, and I am also the treasurer. We have agreed to pay ourselves $15,000 annually each in guaranteed payments for services rendered to the company. In order to conse… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,393 satisfied customers
I have a question about the tax treatment of a partnership
I have a question about the tax treatment of a partnership and it's effect on a partner who files a personal tax return. Let's assume the partnership makes the following income during the year: 1. Buy… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
6,635 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
27,666 satisfied customers
I own a pharmacy (I own 100% shares of the pharmacy doing
I own a pharmacy (I own 100% shares of the pharmacy doing bussiness as C corporation) for 20 years now I want to sell the the Pharmacy for a chain store, can I choose to get the sell proceeds into to … read more
Rakhi Vasavada
Rakhi Vasavada
Financial and Legal Consultant
Bachelor's Degree
2,609 satisfied customers
A real estate question. I own seven rental properties. I
A real estate question. I own seven rental properties. I want to sell one and use the proceeds to lower my payments on one of the others. My realtor suggests that the $80K that I would realize after e… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
2,222 satisfied customers
I have a property that could be put in my business name. If
I have a property that could be put in my business name. If I sold the property and made a profit could I take the money from that sale and pay off other debt in the company without having to pay long… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
6,635 satisfied customers
I have a question about a partnership - changing of partners
I have a question about a partnership - changing of partners and tax reporting. 2 partners of LLP are retiring. 2 new partners are buying them out, to be paying them over 10 yrs, and paying them for t… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,666 satisfied customers
I started an S-Corp. My general business is a consultant in
I started an S-Corp. My general business is a consultant in the oilfield to oil companies. They pay me a set rate and do not take out taxes I pay my own. My question is if I buy stocks and experience … read more
PDtax
PDtax
Owner
Master's Degree
4,292 satisfied customers
I have a financial advisor that has recently started buying
I have a financial advisor that has recently started buying large numbers of Nokia and the (two) Motorola stocks as part of his investment strategy with the money in my retirement account. If he shoul… read more
Rakhi Vasavada
Rakhi Vasavada
Financial and Legal Consultant
Bachelor's Degree
2,609 satisfied customers
selling my shares back to a check cashing business that i am the secretary of
i am the secretary of a check cashing business and i own 5 shares out of 100,the other 95 shares are owned by my partner.we are incorperated. i want to get out of this business.i also am the only pers… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,666 satisfied customers
I am selling a dental business in indianapolis, Indiana, ...
The only way you can defer taxes on the sale of a business is to enter into a 1031 Exchange and acquire another like-kind business. Not exactly helpful for someone who wants to plan a retirement caree… read more
The Land Advisor
The Land Advisor
Master's Degree
906 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

2,609 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