Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
I need help with my Company's tax matters. We have an LLC -
Hi, I need help with my Company's tax matters.We have an LLC - Delaware (MMLLC - 2 foreign and non-resident members - Partnership for tax matters).This year we did not submit a tax return (for fiscal … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
38,653 satisfied customers
I recently opened a new LLC. I have a partner...we are 65/35
I recently opened a new LLC. I have a partner...we are 65/35 split. We have agreed to retain 25% earnings for the business. I need someone to walk me through the taxes. Lets say we bill $100K per mont… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,780 satisfied customers
Income taxes If a student paid school tuition with a school
Income taxesIf a student paid school tuition with a school loan in 2018, can any part of that amount be tax deductible for 2018? (I know maximum is $4K if other conditions are met.) Does the IRS care … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
3,977 satisfied customers
I'm going to sell LLC In February 2019. What 2018 LLC tax
I'm going to sell LLC In February 2019.What 2018 LLC tax documents I need to obtain prior to transfer of LLC to file my personal tax return?My interest is 50% in that LLC.… read more
DK_CPA
DK_CPA
CPA
Master of Science in Accounting & Taxationb
1,095 satisfied customers
I'm pretty sure this is a stupid question, but nevertheless:
Hello,I'm pretty sure this is a stupid question, but nevertheless:As debt on a commercial real estate loan is paid down and thus debt is transferred into equity, Who becomes the owner of that equity? … read more
PDtax
PDtax
Owner
Master's Degree
4,882 satisfied customers
I have created a real estate LLC. I have a financial
I have created a real estate LLC. I have a financial partner, who not a member of the LLC. He loans the capital to purchase. We then split the profit on the back. I have been informed that it would be… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,630 satisfied customers
I loaned my 2 member LLC (a consultant) $4K -up expenses
I loaned my 2 member LLC (a consultant) $4K for start-up expenses and LLC repaid me in 2014. How do I show that on Form 1065?… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
38,653 satisfied customers
I am preparing my companys 1065s and have a couple questions: 1.
I am preparing my company's 1065s and have a couple questions: 1. For the Schedule K-1 - Beginning Capital Account - is this the historical amount starting from the beginning of the partnership? (I th… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
38,653 satisfied customers
If I start an LLC with a partner and he puts in 75% of initial
If I start an LLC with a partner and he puts in 75% of initial capital and I put in 25%, is it possible to pay back those percentages with early earnings and then pay out subsequently at 50/50? Or doe… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,659 satisfied customers
Is it preferable to initially fund a company as a loan or as
Is it preferable to initially fund a company as a loan or as a basis in the company? (to give context, it is a multi-member LLC (4 partners) but only one person (me) is contributing funding while all … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
38,653 satisfied customers
Scenario LLC that sells products produced and manufactured
Scenario LLC that sells product's produced and manufactured by other companies that now (2011) has two members (all paperwork and changes on state paperwork done correctly at the end of 2011) produced… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,237 satisfied customers
I am desperately trying to understand the implications for
I am desperately trying to understand the implications for non-pro-rata distributions of profits in a California LLC taxed as a partnership. I have some investment money to put into the business, and … read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
3,134 satisfied customers
when every buddy was talking go green i had an idea that i
when every buddy was talking go green i had an idea that i thought would save ennergy. so i in vested a lot of money to try and invent my idea and have it built. the company i used to develop my idea … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
38,653 satisfied customers
What is the proper way to file taxes if I am the manager of
What is the proper way to file taxes if I am the manager of the LLC and have investors who have put in money in 2010 (and there have been expenses), but the LLC has still not made the product yet and … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,237 satisfied customers
My husband has been working on an invention for a few years
My husband has been working on an invention for a few years now. He recently applied for a patent and we have lots of patent attorney fees and now the testing phase of the product is beginning. He has… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
38,653 satisfied customers
I had my partner embezzle about $225,000.00 in 2008 and 2009
I had my partner embezzle about $225,000.00 in 2008 and 2009 since then we have split and I have taken over the company. My attorney drew up a payment plan for my ex-partner and I am receiving monthly… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
Two founders of a company (Inc. Delaware) opened a company
Two founders of a company (Inc. Delaware) opened a company a year ago and start spending money for the business using there private credit cards. Now having opened a bank account and ready to get ever… read more
BK-CPA
BK-CPA
Bachelor's Degree
919 satisfied customers
How do I value inventory of a video product that is developed
How do I value inventory of a video product that is developed over time by the owner of an LLC? Would just the physical supplies constitue the cost of the inventory(e.g., video tapes)?… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
38,653 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