Tax

Have a Tax Question? Ask a Tax Expert

Ask an Expert,
Get an Answer ASAP!

Tax
This answer was rated:

Hello Experts, I am Fellow expert from over in Computers

Hello Experts, I am Fellow...
Hello Experts,

I am Fellow expert from over in Computers category. I have a tax related question about my earnings from the site. Starting in 2012 I would like to pay quarterly. I am looking for advice on the best way to go about this and make sure the I am getting the proper deductions and of course paying the least I can. I have messed around with turbo tax and find I am lost and do not have the time.

I guess what I am asking is, should I hire a professional to just take care of it for me? I have no idea what they cost so I am not sure if the amount they could save me would be worth it.

Any advice is appreciated.

Thank You
-Chris
Show More
Show Less
Ask Your Own Tax Question
Answered in 1 minute by:
5/1/2012
Stephen G.
Stephen G., Sr Income Tax Expert
Category: Tax
Satisfied Customers: 7,239
Experience: Extensive Experience with Tax, Financial & Estate Issues
Verified

Stephen E. Grizey :

Hi & thanks for using our service. I'll do my best to give you a complete & accurate answer. Please ask me to clarify anything you don't understand.

Stephen E. Grizey :

The first question I would ask is what are your main sources of income?

Ask Your Own Tax Question
Customer reply replied 5 years ago
Hello Stephen.

Hello
Ask Your Own Tax Question

Did you switch out of chat on purpose?
Ask Your Own Tax Question
Customer reply replied 5 years ago
I currently have a full time job and do just answer as well. I am making about the same amount from both places. I would say my full time job is my main source though.

Ok, well, I take it you are an employee at your full time job? In other words, you receive a W2.

As you know, we don't incur a lot of overhead/expenses in connection with JustAnswer.com, however, you can't measure the value of a professional simply by the amount of money they may save you.

For example I can figure out a lot of computer questions, but it would take me a lot of time & effort, so I choose to ask questions of a professional.

The same thing would apply to you; there are several ways to figure your estimated taxes and although you may be able to defer your tax payments until you file your returns, without penalties or interest, you may prefer to pay quarterly as you go, because that fits your budget more closely & is an easier way for you to manage your money.

So, my recommendation is that you hook yourself up with a local CPA & let him advise you on many things across the board; don't expert miracles in terms of tax savings; he's also going to save you a lot of time & effort and keep you in compliance with the regulations, while keeping your tax bill as low as possible without putting you at undue risk.
Stephen G.
Stephen G., Sr Income Tax Expert
Category: Tax
Satisfied Customers: 7,239
Experience: Extensive Experience with Tax, Financial & Estate Issues
Verified
Stephen G. and 87 other Tax Specialists are ready to help you
Ask your own question now
Customer reply replied 5 years ago
I didn't switch out of chat at all that I know of.

Doesn't matter re chat; we're in the Q/A format now.
Ask Your Own Tax Question
Ask Stephen G. Your Own Question
Stephen G.
Stephen G.
Stephen G., Sr Income Tax Expert
Category: Tax
Satisfied Customers: 7,239
7,239 Satisfied Customers
Experience: Extensive Experience with Tax, Financial & Estate Issues

Stephen G. is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

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

1,300 satisfied customers

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

Richard

Richard

Tax Attorney

4,338 satisfied customers

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

Robin D.

Robin D.

Senior Tax Advisor 4

13,980 satisfied customers

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

Megan C

Megan C

Certified Public Accountant (CPA)

8,651 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.

R. Klein, EA

R. Klein, EA

Enrolled Agent

1,839 satisfied customers

Over 20 Years experience

< Previous | Next >

Related Tax Questions
Tax estimate pymt error. Sent check to estimate for 2500.00
sent check to estimate for 2500.00 in item amt field and printed 25.00 in write number field and check cleared at bank for 25.00. how can I check where error occured … read more
abci168
abci168
Principal
27 satisfied customers
I just prrhced the Business turbo tax I it is the wrong one
I just prrhced the Business turbo tax I it is the wrong one for me. I see you have a 60 return policy … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
13,980 satisfied customers
I pay my taxes quarterly for my family support. If I can't
I pay my taxes quarterly for my family support. If I can't pay this coming quarter or be a month late what fine would I get… read more
abci168
abci168
Principal
27 satisfied customers
I was just wondering about the withholding compliance
I was just wondering about the withholding compliance program. I was placed on the withholding compliance program through my employer 1 year ago due to an error, I submitted a new tax exemption form, … read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
I received a withholding compliance letter today and it has
I received a withholding compliance letter today and it has me concerned … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
502 satisfied customers
I have a question about estimated tax filing and 1040-es
I have a question about estimated tax filing and 1040-es form. … read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
1,067 satisfied customers
I have a question regarding the state and local tax
I have a question regarding the state and local tax limitation passed by congress limiting the deduction to $10000. Is this final or is it still being ironed out by the powers that be? My clients are … read more
Carter McBride
Carter McBride
LLM
233 satisfied customers
This is an income tax question. I am thinking of Deducting
This is an income tax question. I am thinking of Deducting next years giving to church this year with pending changes to tax law. As I recall, higher income levels reduce schedule allowable deductions… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
FOR GUILLERMO: What line on the 1040 income tax return is
FOR GUILLERMO: What line on the 1040 income tax return is used to determine the sponsor's income for Form I-864? Is it line 22: TOTAL INCOME? Or, line 37, ADJUSTED GROSS INCOME?… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
My original 2016 1040 return included an estimated tax
My original 2016 1040 return included an estimated tax penalty of $ 26.00 … read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
1,067 satisfied customers
Is the interest one pays on a personal loan a tax deduction?
Is the interest one pays on a personal loan a tax deduction? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,785 satisfied customers
What is the substative regulation pursuant to assessment of
what is the substative regulation pursuant to assessment of income tax, published in the Federal register, according to 26 usc 6323 (1.6323) … read more
Carter McBride
Carter McBride
LLM
233 satisfied customers
I can't find my 2016 Turbo tax return. Help! Dell. None
None since I completed my tax return. All returns from previous years on stored in Documents. … read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,785 satisfied customers
HOW MUCH QUARTERLY TAX WOULD YOU PAY ON 45000.00. CALIFORNIA
HOW MUCH QUARTERLY TAX WOULD YOU PAY ON 45000.00 JA: What state are you in? It matters because laws vary by location. Customer: CALIFORNIA JA: Has anything been filed or reported? Customer: NO JA: Any… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Where can I get the Federal income tax regulation? Where can
Where can I get the Federal income tax regulation? … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I successfully filed my 2016 return with Turbo Tax. Now the
I successfully filed my 2016 return with Turbo Tax. Now the only file references that I find are " Usaved Turbo Tax document" which does not open. Anyway I can get to this doc for use or view? … read more
Stephen G.
Stephen G.
Sr Income Tax Expert
7,239 satisfied customers
Got a question about my quarterly tax payment for this (3rd)
Hi, Got a question about my quarterly tax payment for this (3rd) quarter. I've only made $11,000 so far in 2017. But, I based my estimates for my quarterly's on a potential income of $28,000. I'm a re… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
How do I make quarterly tax payments for my S Corp? That
How do I make quarterly tax payments for my S Corp? … read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
1,067 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.

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