Finance

Have finance questions? Ask a financial expert online.

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

Related Finance Questions
Of a small "C" corporation that I am in the process of
Hi. I am President of a small "C" corporation that I am in the process of dissolving. I have officially dissolved it in September with the State of Idaho where it was incorporated. A form 966 was file… read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,190 satisfied customers
More 1099-DIV related questions. This one is about the TIN
Hi Carter. More 1099-DIV related questions. This one is about the TIN for an individual. One of the shareholders provided a TIN that was in the form of an EIN (ie 12-3456789), and not an SSN (ie###-##… read more
Carter McBride
Carter McBride
Financial Advisor
LLM
9,002 satisfied customers
Just thought of another question related to the 1099-DIV
Just thought of another question related to the 1099-DIV ones I had earlier. One of the shareholders is a resident of the UK. Would I still only need to file a 1099-DIV for their dividends, or would I… read more
Carter McBride
Carter McBride
Financial Advisor
LLM
9,002 satisfied customers
I am listed as a member of a family S Corporation. My dad
My dad sold land for a profit in MS and kept all the proceeds for their living expenses. … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
40,873 satisfied customers
I have a Manufacturing Company that is a C corporation. I
I have a Manufacturing Company that is a C corporation. I want to sell it. Can I switch to a S corporation and sell it to avoid the double taxation immediately. … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
40,873 satisfied customers
Second opinion] An S-Corp is formed to hold farm land. 2
Second opinion] An S-Corp is formed to hold farm land. 2 shareholders - brother and sister. Sister passes and now heirs want to sell land. Other shareholder does not want to purchase land. Does S-Corp… read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,190 satisfied customers
I am a US citizen residing in Israel for the last 2.5 years.
I am a US citizen residing in Israel for the last 2.5 years. This year we sold our S corp (I owned 17.5% of it) in Idaho. I never resided in Idaho. Do I pay state taxes on it? I received $1,750,000 fo… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
40,873 satisfied customers
I am shutting down a C corporation. When filling out form
I am shutting down a C corporation. When filling out form 8949 for each shareholder what should I put for the "cost or other basis" of the shares of the corporation? Will it be the original price paid… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,670 satisfied customers
Lev, S-Corp currently owns approx. 3.5 Mil of rental
Lev, S-Corp currently owns approx. 3.5 Mil of rental properties. 3 commercial bldgs, 1 triplex. The probate appraiser says he must appraise the buildings and appraise the value of the shares. 2 of the… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
40,873 satisfied customers
Can an S-Corporation pay it's share holders in dividends
Can an S-Corporation pay it's share holders in dividends instead of salary? For example, a small S-Corporation that is owed by 2 people (2 share holders) makes $100,000 in profits for the year; can th… read more
PDtax
PDtax
Owner
Master's Degree
6,449 satisfied customers
I have dissolved my C-corp yesterday. I am in the process of
I have dissolved my C-corp yesterday. I am in the process of filling out form 966. I have two questions. Question 1: I am confused about what to write in these two areas on from 966: - (6) Last month,… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
40,873 satisfied customers
This is also an S corp distribution in excess of basis
This is also an S corp distribution in excess of basis question. I know a portion of the distribution reduces the E&P to zero and is a taxable dividend(Is that a 1099Div ?) I also know the distributio… read more
Jonathan Tierney
Jonathan Tierney
MBA
295 satisfied customers
I am a 50% owner in a small company (C corp) and my partner
I am a 50% owner in a small company (C corp) and my partner wants to retire. The company was once very thriving but sales have greatly diminished and in the last couple of years we have been showing a… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
20,724 satisfied customers
I have a corporation, right now I have had to take a job as
I have a corporation, right now I have had to take a job as an employee for a different company, as the industry I work is slow right now. I am looking for the best solution should I dissolve and open… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,153 satisfied customers
Background: we are thinking of forming an S-Corp to run a restaurant.
Background: we are thinking of forming an S-Corp to run a restaurant. We are asking for $100K investments (cash) to start it. Per research, K-1 shows profit allocation and 1099-DIV shows distributions… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
2,225 satisfied customers
client c corporation is owned l/3 by three people. corp distributes
client c corporation is owned l/3 by three people. corp distributes mutual funds it holds to two of the shareholders. What are the tax consequences to s/h/s? What type of 1099 form does the corp issue… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
I am a single member LLC. I have a corporate trading account.
I am a single member LLC. I have a corporate trading account. My brokerage company sent me a letter. The important part reads: "Under the Emergency Economic Stabilization Act of 2008, a new law goes i… read more
Rakhi Vasavada
Rakhi Vasavada
Financial and Legal Consultant
Bachelor's Degree
2,614 satisfied customers
Forms to submit to IRS,state and shareholders for distribution of a cl
I'm closing C corporation. Completed final federal tax return (form 1120-A), and State (form 100) for final tax year starting Dec-1-2004 through Nov-30-2005 has been prepared. Remaining shareholders e… read more
RD
RD
Self Employed
Master's Degree
1,129 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