Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
I am a partner in a 1065 partnership in Texas. There were 3
I am a partner in a 1065 partnership in Texas. There were 3 partners, each with 33.3333% since 2007 when we started. As of 01-01-2017 two of us bought out the third partner so we each have 50% and the… read more
Mike-USACPA
Mike-USACPA
President
64 satisfied customers
I am filling my personal taxes and I am believe I am
I am filling my personal taxes and I am believe I am claiming my 1099-k income properly via turbo tax. But I am unsure if i need to and/or how I would filed a 1065 … read more
Barbara
Barbara
Enrolled Agent, Paralegal
9,482 satisfied customers
A friend of mine bought into a partnership (LP) in 2006. At
A friend of mine bought into a partnership (LP) in 2006. At the time there were 4 partners - a GP with 1%, and each individual partner had 33%. On 11/15/2006, one partner transferred his 33% interest … read more
PDtax
PDtax
Owner
Master's Degree
4,878 satisfied customers
I have a 50% partner in my LLC business who I have been paying
I have a 50% partner in my LLC business who I have been paying $300 a month to since we started our LLC in March 2014. He will not be a working member of the business until August , and therefore is n… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
15,685 satisfied customers
Partnership/S Corporation/Late K-1 - Filing Amended Returns
This is a complicated partnership/S corporation tax question. My question relates to refund claims/amended returns arising from a late issued Schedules K-1 from an LLC taxed as a partnership (Form 106… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,630 satisfied customers
I have tax liabilities for yrs filed 2002-06 married joint
I have tax liabilities for yrs filed 2002-06 married joint (K-1s from family biz). 2007-09 are not filed, I will have to filed married separately. 2010-2011 I have already filed married separately (my… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,659 satisfied customers
3 people formed a partnership in July 2011 to purchase a bar
3 people formed a partnership in July 2011 to purchase a bar September 1 2011. Let's say they called the partnership ABC group. Each partner owned 33.3%. Around the last week of August 2011 they neede… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
An S corporation was formed in 2006 and has not filed any Forms
An S corporation was formed in 2006 and has not filed any Forms 1120S yet. The S corporation has losses for 2006, 2007, 2008, 2010, and 2011 but had a profit in 2009. If the S corporation desires to f… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,858 satisfied customers
This question concerns my IRA. I purchase stocks for my IRA
This question concerns my IRA. I purchase stocks for my IRA and on selling them, some have generated a K-1. Do I report this on my 1040 and also report the sale of these particular stocks on Schedule … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,236 satisfied customers
I have been doing an LLC tax return. They have five passive
I have been doing an LLC tax return. They have five passive foreign partners. They do not have/or I was not given ss# XXXXX itin#. For some reason I did not press the LLC managers on the foreign withh… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
I have a SCORP started in 2008 Q4. I just discovered I shorted
I have a 1 person SCORP started in 2008 Q4. I just discovered I shorted my Q4 W2 NET by $150 and need to file an Amended 1120S, K1, 1040 et al. W2 Gross was $7164.00. Can I just use that amount as Con… read more
Chad Oberg
Chad Oberg
Director
Bachelor's Degree
174 satisfied customers
I made an investment in a limited liability partnership five
I made an investment in a limited liability partnership five years ago. To make a long story short, the general partner is in jail in a different state for a conviction NOT having to do with my invest… read more
Jon Andrews
Jon Andrews
CPA
3,038 satisfied customers
Something happened to my $600 government stimulus check and
Something happened to my $600 government stimulus check and I kept thinking I would find it, but haven't. I have some suspicion that it may have been stolen. There is surely some protocol for handling… read more
JKCPA
JKCPA
Certified Public Accountant (CPA)
Bachelor's Degree
1,809 satisfied customers
In 1999 I placed 18000 in an annuity. It lost value until finally
In 1999 I placed 18000 in an annuity. It lost value until finally in 2007 I cashed it out. Reported the loss on my taxes in the wrong place- on schedule D. IRS is now trying to tax the gross distribut… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My situation I havent had any significant income since 2005.
My situation: I haven't had any significant income since 2005. I'm trying to finish my 2007 income taxes (using Turbo Tax Home & Business). I'm not going to owe anything so I haven't been in a real hu… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I need to file an amended 2005 return. I received an incorrect
I need to file an amended 2005 return. I received an incorrect K-1 for 2005 that was blank. It should have had a passive loss of 19k, but it didn't. I discovered the error this year cuz I was expectin… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,858 satisfied customers
Every year since 2001 I have claimed $3000 as a capital loss
Every year since 2001 I have claimed $3000 as a capital loss on line 13 of my 1040. Not being particularly successful in the stock market, I have operated mostly in the red in terms of capital gains. … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My sister and I had a LLC in 2007. We legally dissolved it ...
My sister and I had a LLC in 2007. We legally dissolved it in 2008. We had no income or expenses in 2007. Do we have to file a 1065 and K-1s? If we file them for the LLC, do we have to attach the K-1 … read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,663 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

4,857 satisfied customers

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

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

228 satisfied customers

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

Robin D.

Robin D.

Senior Tax Advisor 4

17,630 satisfied customers

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

Megan C

Megan C

Certified Public Accountant (CPA)

8,659 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