Finance

Have finance questions? Ask a financial expert online.

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

Related Finance Questions
We (my spouse and I) are preparing to register an LLC in CO,
We (my spouse and I) are preparing to register an LLC in CO, for our recently formalized business. We're trying to determine our best organizational options for tax purposes, given our specific scenar… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,421 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
Tax Preparer
Bachelor's Degree Equivalent
40,398 satisfied customers
Have a question on what kind of business type I should
Have a question on what kind of business type I should choose for rental property … read more
Lev
Lev
Tax Preparer
Bachelor's Degree Equivalent
40,398 satisfied customers
I own and run a marketing business, organized as an LLC in
I own and run a marketing business, organized as an LLC in Ohio. I am the only owner/shareholder. I'm considering electing Subchapter S status with the IRS and paying myself a lower (but "reasonable")… read more
Lev
Lev
Tax Preparer
Bachelor's Degree Equivalent
40,398 satisfied customers
If I bought my house for 3 million dollars and it sold at
If I bought my house for 3 million dollars and it sold at foreclosure auction for 2 million dollars, then do I record a capital loss of one million dollars.… read more
Lev
Lev
Tax Preparer
Bachelor's Degree Equivalent
40,398 satisfied customers
I need to decide between LLC and C-corp for my business. I
Hello, I need to decide between LLC and C-corp for my business. I don't have employees and i am the only owner no partners. i am in the rental car business. I know C-corp is going to cost me more to s… read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,383 satisfied customers
I have about 5 or 6 questions that I'd like to speak with a
I have about 5 or 6 questions that I'd like to speak with a CPA about in california for my small business I recently started. … read more
ABC Accounting Group
ABC Accounting Group
Bachelor's Degree
954 satisfied customers
I have an LLC and I am not sure if I should file 8832 to
Hi there, I have an LLC and I am not sure if I should file 8832 to elect Corporation status. I am single member LLC now … read more
Carter McBride
Carter McBride
LLM
3,110 satisfied customers
I have a investment property with my bother. We are thinking
I have a investment property with my bother. We are thinking about putting it in a LLC but would like to know the tax benefits of doing so if there are any?? In the past we just split all the income a… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,408 satisfied customers
Which is better when setting up a business, a S-CORP or a
Which is better when setting up a business, a S-CORP or a C-CORP? The business is planned to do 1 Million in gross, and let say 700K in net profits. I plan to have just contractors (1099-MIS) includin… read more
Rakhi Vasavada
Rakhi Vasavada
Financial and Legal Consultant
Bachelor's Degree
2,614 satisfied customers
Which is better when setting up a business, a S-CORP or a
Which is better when setting up a business, a S-CORP or a C-CORP? The business is planned to do 1 Million in gross, and let say 700K in net profits. I plan to have just contractors (1099-MIS) includin… read more
Rakhi Vasavada
Rakhi Vasavada
Financial and Legal Consultant
Bachelor's Degree
2,614 satisfied customers
What tax implications should we consider when my husband
What tax implications should we consider when my husband switches from a full-time job to an independent contractor (1099) in CA? What kind of company (s-corp, c-corp, etc) is better for him to set up… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,421 satisfied customers
I have a business which is being forced to switch to accrual
I have a business which is being forced to switch to accrual basis this year for the first time 2014 taxes. Here is my question as I do not completely understand how income is figured and taxed. At 20… read more
BK-CPA
BK-CPA
Bachelor's Degree
919 satisfied customers
I currently have a S Corp. I pay myself 250k a year. I net
I currently have a S Corp. I pay myself 250k a year. I net around two million/yr after all expenses. If I change to a LLC (partnership), will I have to pay the medicare surtax? I assume yes and I assu… read more
PDtax
PDtax
Owner
Master's Degree
4,762 satisfied customers
Client is a memeber of LLC that has qualified non-recourse
Client is a memeber of LLC that has qualified non-recourse debt. His share of that debt is 1.5 million and his capital account is negative 718,000. He is being offered a buyout of 338,000 in installme… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
2,224 satisfied customers
My company has gross sales about 1 million and net profit after
My company has gross sales about 1 million and net profit after tax about 100,000, How much I should sell me company?… read more
DanielleCPA
DanielleCPA
Certified Public Accountant
Bachelor's Degree
567 satisfied customers
1) LLC vs S Corp for taxes on 1.4 million net income? What
1) LLC vs S Corp for taxes on 1.4 million net income? What type will pay less in the state of California? 2) Wife part of LLC (not active; just an investor). Does she need to pay SE? Can she also rece… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,421 satisfied customers
For a small business (est. $2.5M annual revenues, 10 employees)
For a small business (est. $2.5M annual revenues, 10 employees) with a single owner that is currently structured as a C-corp, and has been operating as a C-corp for 15 years... does it make sense to s… read more
Milan Vaishnav
Milan Vaishnav
Consulting Technical Analyst
Bachelor's Degree
536 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