Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
I have some shares in KNOP company. My Broker listed their
Hi: I have some shares in KNOP company. My Broker listed their Dividend paid as "Partnership distribution". However, the company form "KNOP-2018-Federal-8937" (attached) listed that part of this Divid… read more
DK_CPA
DK_CPA
CPA
Master of Science in Accounting & Taxationb
1,174 satisfied customers
On the summary information page for my brokerage account it
on the summary information page for my brokerage account it shows non qualified income in the data not reported to the IRS. Is this included in the interest income on line 1 of the 1099 int or do I ha… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,249 satisfied customers
Consolidated 1099 - OID is listed as $10,000 under Original
Consolidated 1099 - OID is listed as $10,000 under Original Issue Discount and Adjustments. Below 1099-Int in adjustments , there's nonqualified interest of $12,000. Is the nonqualified interest repor… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,159 satisfied customers
On a client's 1099- under supplemental information not
On a client's 1099-B under supplemental information not reported to the IRS is an amount for Accrued Interest paid on purchases. Where does this get reported on the 1040?… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,842 satisfied customers
I have a Fidelity account that had 1099- Proceeds from sales
Hello Pearl, I have a Fidelity account that had 1099-B Proceeds from sales and purchases of securities. It shows that some were reported to IRS and some that didn't. There were also no Federal Income … read more
Lev
Lev
Tax Advisor
39,685 satisfied customers
I am a attorney in a solo practice. My clients advance funds
I am a attorney in a solo practice. My clients advance funds for court costs which I place in my trust account. Any remaining funds at the conlusion of the case are returned to the client from my trus… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,159 satisfied customers
A client of mine (I am a tax preparer) had a boyfriend that
A client of mine (I am a tax preparer) had a boyfriend that died during 2014 and, according to his will, left her money in a brokerage account. Since my client lived with her boyfriend she received al… read more
Lev
Lev
Tax Advisor
39,685 satisfied customers
I have a consolidated 1099 and there are items under
I have a consolidated 1099 and there are items under adjustments to interest and OID. I am not sure how to include these in my tax return. Also, these were items not reported to IRS… read more
ShawnA
ShawnA
CEO
Bachelor's Degree
2,450 satisfied customers
My consolidated 1099,, My consolidated 1099 from Merrill
Keith, My consolidated 1099 from Merrill Lynch shows in the Non-Reportable Original Discount Section -$1,026 of Market Discount and +$4,918 of "Amount". What am I suppose to do with these? Am I suppose to report it even though it says "Non-Reportable"? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
Broker statement has 'non qualfied interest' of $3,000. This
Broker statement has 'non qualfied interest' of $3,000. This is not part of what is reported as interest income. Where does this get reported if not on Schedule B?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,159 satisfied customers
Need help understanding if I need to report OID on a tax
Need help understanding if I need to report OID on a tax return - No 1099 OID was received.… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
I am looking at a 1099-OID WHFIT holding REMIC's. There
I am looking at a 1099-OID for a WHFIT holding REMIC's. There is no taxable income show in Box 1 or 2, but in the supplemental summary, it shows qualified interest of 117.92. The details of interest p… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
I received my company's common and preferred stock as a
I received my company's common and preferred stock as a bonus in both 2013 and 2014. Part of the stock was sold to cover taxes. The value of the stock was reported on my w-2. I sold the stock in 2014 … read more
Lev
Lev
Tax Advisor
39,685 satisfied customers
If I did not have Constructive receipt and received a 1009
If I did not have Constructive receipt and received a 1009 INT from an insurance company, should I have received a 1099. It was from penalty interest for not paying me my proper benefits, handled by o… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,159 satisfied customers
I loaned a friend money to purchase a property for a rental
I loaned a friend money to purchase a property for a rental (not for his residence). I am holding a Deed of Trust. I am not a business nor do I have a trade. He will deprecite this on his taxes and I … read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,659 satisfied customers
BROKER WAS NEGLIGENT COSTING ME THOUSANDS IN TAXES. I PAID
BROKER WAS NEGLIGENT COSTING ME THOUSANDS IN TAXES. I PAID THOSE TAXES. BROKERS FIRM, AFTER MONTHS OF CORRESPONDENCE AND BECAUSE HE APPEARS TO BE INVESTIGATED BY FINRA GAVE ME A SETTLEMENT NOT TO PROC… read more
Lev
Lev
Tax Advisor
39,685 satisfied customers
My broker sent me a corrected 1099 form after I have filed
My broker sent me a corrected 1099 form after I have filed my taxes. It has $7 more in interest income that comes from WHFIT that I have not reported on my tax return. When I amend my federal tax retu… read more
Jax Tax
Jax Tax
Senior Tax Attorney
Master's Degree
1,394 satisfied customers
our son turned 18 in 2007, a senior of high school. He graduated
our son turned 18 in 2007, a senior of high school. He graduated in June of 2008. His utma account matured 2007. He did not file a return nor his investment was included in our tax return. Now IRS is … read more
Lev
Lev
Tax Advisor
39,685 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

4,937 satisfied customers

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

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

261 satisfied customers

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

Robin D.

Robin D.

Senior Tax Advisor 4

17,888 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