Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
Changed from a sole proprietorship to an S Corp. All my
Changed from a sole proprietorship to an S Corp. All my taxable income is in the S-Corp #. However my largest deduction is my payroll which is still under the old EIN. I know to change it now, but for… read more
abci168
abci168
Principal
27 satisfied customers
Can i open another s corp even though 1 company was just
Can i open another s corp even though 1 company was just dissolved and now owe irs. … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 satisfied customers
I have been in business decades developing accounting
I have been in business for several decades developing accounting software. Have always used Schedule C tax return methods. This year I restructured to a Subchapter S. I've also hired a payroll servic… read more
PDtax
PDtax
Owner
Master's Degree
1 satisfied customers
WE had a business an S corp. The business fell apart and my
WE had a business an S corp. The business fell apart and my sister who was a 40% shareholder walked away leaving me to close down the business. I paid what debt I could and most diapppeared but we sti… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor's Degree
1 satisfied customers
I ran an s-corp for three years. I put a lot of my personal
I ran an s-corp for three years. I put a lot of my personal money into it. I closed it down on April 15, 2014. I understand I will still have to file the proper tax documents next tax season? Can I or… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
We closed the S-Corp at the end of April 2013. We had no idea
We closed the S-Corp at the end of April 2013. We had no idea that we were supposed to file taxes by the 15th day of the 3rd month after closing the S-Corp. We figured that since the 1120S form is rel… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,605 satisfied customers
I just recently went back to work as a customer service agent
I just recently went back to work as a customer service agent working from home. The company that I work for required that we have either a corp or LLC. Since I already had a S corp, I am using it for… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I have discovered my CPA failed to file Schedule E losses in
I have discovered my CPA failed to file Schedule E losses in 2007 and 2008 that would have carried forward to my 2009 return. He acknowledged that this cost me about $40,000 in taxes. Since it is now … read more
PDtax
PDtax
Owner
Master's Degree
1 satisfied customers
I closed a S Corp. My question is that on the 2011 return,
I closed a S Corp. My question is that on the 2011 return, the balance sheet was off (e.g. I discovered an account for the S Corp that hadn't been included in the 2011 return). Do I need to amend it? … read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
609 satisfied customers
After 20 years operating a c corp, it was audited for two years
After 20 years operating a c corp, it was audited for two years (07 and 08 returns), it was determined that a court ordered settlement of $300,000 was never recorded as taxable by the accountant, alon… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor's Degree
1 satisfied customers
It is time to switch the entity of our company now. We are
It is time to switch the entity of our company now. We are a sole prop. I realized when we set up the company 13 years ago the EIN was set up in my wife's name instead of mine but on the schedule C it… read more
socrateaser
socrateaser
1,031 satisfied customers
Can you undo the final return (1120 S return) for an S corp?
We marked a 1120 S return for an s corp as a final return. However due to some other filing errors on a new corporate we would like to go back and use the old s corp. Can you undo the marking of "fina… read more
Bizhelp
Bizhelp
Certified Public Accountant (CPA)
Bachelor's Degree
638 satisfied customers
Not sure if the old question is on file. I owe some back
Not sure if the old question is on file. I owe some back payroll taxes. I was going to dispute the amount. I'm selling the business. I got letter from the IRS today that was in the name of the person … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
How do I enter this in quickboooks I have closed a business
How do I enter this in quickboooks? I have closed a business that is a s-corp. I started a new business that is a s-corp. I used inventories from closed business into new business. What is the approri… read more
BK-CPA
BK-CPA
Bachelor's Degree
687 satisfied customers
I accidentally used the EIN (on the bank account) for a corporation
I accidentally used the EIN (on the bank account) for a corporation that had been closed throughout the year last year (corporation I had opened in another state which had been closed because of lack … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I am filing my taxes late ,Self employed.I closed one business
I am filing my taxes late ,Self employed.I closed one business 2004 with inventory(ladies clothng) . I opened a new business in 2005(men ). How do I close ,sell,or transfer inventory. Most of the inve… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I closed my old company (S-Corp/Sole Shareholder) and ...
I closed my old company (S-Corp/Sole Shareholder) and don''t know how to treat the debt that was unpaid, the left over inventory and the building. I re-opened up under a different name and business bu… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
no s-corp rtns have been filed for 04/05/06 just filed perso
we had a small business and it was an s-corp and our son was the only owner and he has only filed personal returns for 2004 2005 and has already filed his 2006. He did not file any of the business ret… read more
David Schneider
David Schneider
Tax Accountant
Self disciplined college classes
74 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