Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
Can a Hair Salon that has been established as a Texas C
Can a Hair Salon that has been established as a Texas C Corporation maintain its books on a cash basis; or, must books be kept on the accrual basis) for IRS/Tax purposes? What about for GAAP purposes?… read more
Tax.appeal.168
Tax.appeal.168
Principal
5,045 satisfied customers
I have a tax question about contractor I am a sole
Good morning! I have a tax question about contractor I am a sole proprietor LLC and I have several contractor I am preparing 1099s for If contractors invoiced me in 2017, but client paid me in 2018, t… read more
Tax.appeal.168
Tax.appeal.168
Principal
5,045 satisfied customers
I am calculating my employer tax provision (Deferred Income
Hi,I am calculating my employer tax provision (Deferred Income tax , reconciliation between Book-Tax) and I noticed that our prior accountant has always add the "accrued bonus" back to the book income… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,340 satisfied customers
I am a freelance consultant and got my first job. I am
Hi. I am a freelance consultant and got my first job. I am currently on H4EAD....previously I was on H1B. I need to get my salary, but I dont know how to create an invoice of my own. I don't have a co… read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
411 satisfied customers
12 Year small business partner. We are an LLC taxed as an
12 Year small business partner. We are an LLC taxed as an S corp and do aprox 3-4mil/year professional staffing services. I run the operations side of the business and my partner keeps the books/ payr… read more
PDtax
PDtax
Owner
Master's Degree
4,344 satisfied customers
Question: regarding accruing payroll expense. Usually Dec
Question: regarding accruing payroll expense. Usually Dec 31's last payroll is being paid early Jan, say, Jan 2nd. In QuickBooks and I did a search online, it says the principle of Constructive receip… read more
PDtax
PDtax
Owner
Master's Degree
4,344 satisfied customers
Tax treatment of accrued profit sharing: company A sets up
tax treatment of accrued profit sharing: company A sets up profit sharing for eligible employees. in 2014, company A accrued $100K, and the policy is this whole amount of accrual will be paid out to e… read more
ShawnA
ShawnA
CEO
Bachelor's Degree
2,450 satisfied customers
I have a 1 year government contract that spans over 2 years
I have a 1 year government contract that spans over 2 years (2014 & 2015), and the money is all paid out from the government to me in 2014. Can I accrue the expenses related to that grant in 2014? Exa… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,944 satisfied customers
Cash accounting is confusing. This question is forCustomer
Cash accounting is confusing. This question is for taxmanrog. Every year I have problems with some transactions. It was much easier with my previous company that was accrual based. I am an S-Corp on c… read more
taxmanrog
taxmanrog
Master's Degree
1,427 satisfied customers
Please tell me if my invoices are valid for tax return
Hi everyone, I just started an online business however the tax thing made me crazy. I buy something online to resell, however, I am not sure if the invoices I received is valid for IRS tax return by t… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I wonder if I might be able to follow up on your answer with
I wonder if I might be able to follow up on your answer with another question. I spoke with the client today and she said with the exception of inventory they really do keep their books on a cash basi… read more
Charles Markham
Charles Markham
Principal
Masters Science Taxation
755 satisfied customers
I just noticed that a client I took over from someone else
I just noticed that a client I took over from someone else has been checking the cash box for method of accounting on Form 1120S, Schedule B, Line 1, for years, when in fact they have had inventory fo… read more
Charles Markham
Charles Markham
Principal
Masters Science Taxation
755 satisfied customers
Risks regarding placing a lien on a property for a promissory
Risks regarding placing a lien on a property for a promissory note for services rendered but not paid. When can the services be considered an expense to the business? When should I count the income to… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
if my mortgage interest is delinquent at the end of the tax
if my mortgage interest is delinquent at the end of the tax year because my entire mortage is delinquent, can I deduct the interest accrued on the delinquent mortgage given IRC 163 says interest paid … read more
Chad Oberg
Chad Oberg
Director
Bachelor's Degree
174 satisfied customers
Q - If a company recorded accrued salaries expense of $500
Q:- If a company recorded accrued salaries expense of $500 at the end of its fiscal year, what reversing entry could be made? when would it be made?… read more
Chad Oberg
Chad Oberg
Director
Bachelor's Degree
174 satisfied customers
This question is for financial reporting purposes. If an employee
This question is for financial reporting purposes. If an employee started work on June 30, 2007, and the employee earns two weeks vacation after working a year for the company; vacation is only earned… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I have $500 in a Flexible Spending Account that I am going
I have $500 in a Flexible Spending Account that I am going to forfeit at the end of October. I had medical tests done last year that were supposed to have been covered by my insurance. The doctor's of… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
How to account for Income Tax & NICs IN THE 2ND YEAR OF TRADING
MY husbands accounts run from may-april. I completed the final accounts & then completed the self assesment online. This gave me the tax & ni figure to pay, which I did the following January. I know t… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 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:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

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

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< 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