Finance

Have finance questions? Ask a financial expert online.

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

Related Finance Questions
I need some advise on 1099/401k and sep ira, no I had my own
no I had my own company and started a job so want to find out my options with regards ***** ***** account … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,649 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, MBA, CFP, CRPS
Doctoral Degree
16,649 satisfied customers
With the new tax law changes would it benefit me to change
with the new tax law changes would it benefit me to change from a sole proprietor to a different entity?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,917 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, MBA, CFP, CRPS
Doctoral Degree
16,649 satisfied customers
If one has to choose between investing in a solo 401K (I
Hi CarterIf one has to choose between investing in a solo 401K (I already have a maxed employee contribution to a 401K via employer) so I know it will only be 20% of net income and taking a legitimate… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,917 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
31,917 satisfied customers
This is a question related to the new tax law in the U.S. My
This is a question related to the new tax law in the U.S. My wife is a psychotherapist sole practitioner. She works about 20 hours a week. Half her practice is essentially cash paid by individuals not… read more
Robin D.
Robin D.
Vocational, Technical or Trade School
18,196 satisfied customers
I own a cleaning service business with my brother. We have
I own a cleaning service business with my brother. We have drawing accounts which are different than the amount of the business's net income. I file jointly. My portion of the companies net income in … read more
taxmanrog
taxmanrog
Master's Degree
1,801 satisfied customers
Can you summarize how the tax bill affects S Corporations
Can you summarize how the tax bill affects S Corporations and if there is anything we need to do, or consider doing before year end due to the new bill?… read more
taxmanrog
taxmanrog
Master's Degree
1,801 satisfied customers
I am looking to start my retirement fund but I'm not sure
Hi, I am looking to start my retirement fund but I'm not sure which one to choose. I am self employed, I have an LLC and work from home as a writer. My income can vary anywhere from around $100,000 to… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,649 satisfied customers
I have a two clients that operate an LLC. They provide
I have a two clients that operate an LLC. They provide advisor services in the medical field. They each have other jobs where they contribute to a 401k. I have advised them they can also set up a (SEP… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,649 satisfied customers
2016 retirement contribution. 401k joint between husband's
2016 retirement contribution. 401k joint between husband's 100% owned C Corp and wife's sole proprietorship. Both age 58. C Corp had a loss, proprietorship had gross receipts of $8000, expenses of $10… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,917 satisfied customers
Income limitations for retirement plan contributions. What
Income limitations for retirement plan contributions. What are the phase out numbers for IRA? Is it different for SEP? Gross or AGI?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,649 satisfied customers
I want more details on how I can maximize my deductions with
I want more details on how I can maximize my deductions with my sole proprietor business. I want to open a solo 401k for myself, and need more info on the calculations.… read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,679 satisfied customers
The instructions 4562 Depreciation and Amortization, line
The instructions for Form 4562 Depreciation and Amortization, line 11, state that for"Individuals" "Also include all wages, salaries, tips, and other compensation you earned as an employee (from Form … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,260 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, MBA, CFP, CRPS
Doctoral Degree
16,649 satisfied customers
Lane and I hope all is well. I converted a number of 100%
Hi Lane and I hope all is well. I converted a number of 100% owned LLC's to S Corp's in 2014. My question is what to do with their SEP's they have in place. This is not my arena so I wanted to ask you… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,649 satisfied customers
I have an S corp and self employed with only my self as employer/employee.
I have an S corp and self employed with only my self as employer/employee. I set up a solo 401 k and I also have ADP as payroll. I intend to have my Employee (me) 401 salary deferral (17500 ) taken ou… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,649 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)

2,224 satisfied customers

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

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

1,975 satisfied customers

More than 5000 online tutoring sessions.

JKCPA

JKCPA

CPA

844 satisfied customers

Bachelors degree and CPA with Accounting experience.

R. Klein, EA

R. Klein, EA

Accountant

490 satisfied customers

TurboTax Expert. QuickBooks Certified Pro Advisor

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

< 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