Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

If a business is penalized by the dept of labor in , can…

Customer Question
if a business is penalized...
if a business is penalized by the dept of labor in KY, can the business file bankruptcy to avoid penalties
Submitted: 3 years ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 9 minutes by:
6/25/2015
Tax Professional: PDtax, Certified Public Accountant (CPA) replied 3 years ago
PDtax
PDtax, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 5,123
Experience: 35 years tax experience, including four years at a Big 4 firm.
Verified
Hi from Just Answer. I'mCustomer and can assist.
Ask Your Own Tax Question
Tax Professional: PDtax, Certified Public Accountant (CPA) replied 3 years ago
Can you expand on the type of tax charged, and the penalties? Also the type of business (self-employed, corporate, etc.
Ask Your Own Tax Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a tax professionalLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Wallstreet Esq. Your Own Question
Wallstreet Esq.
Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 586
586 Satisfied Customers
Experience: 10 years experience

Wallstreet Esq. 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

1,338 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 >

Related Tax Questions
I live in Ohio and managed a region of the United States. I
I live in Ohio and managed a region of the United States. I was hired 11 years ago with a company based in Kentucky. I was recently notified by my company that they had been taking LOCAL taxes out not… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I need to find out how to avoid early IRA deduction if can
I need to find out how to avoid early IRA deduction if can be justify for financial distress 2014… read more
Peter Griesch
Peter Griesch
264 satisfied customers
I HAVE A CLIENT WHO LIVES IN AND HAS A SINGLE MEMBER LLC
I HAVE A CLIENT WHO LIVES IN KY AND HAS A SINGLE MEMBER LLC BUSINESS IN INDIANA. DOES HE HAVE TO FILE FORM 725 FOR KY, EVEN THOUGH THE BUSINESS IS NOT IN KY AND NO SALES TO KY ARE MADE. AND WHAT ABOUT… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I just found out that I the IRS has penalized me $7500 for
I just found out that I the IRS has penalized me $7500 for not filing tax returns on my LLC. I did not file because the LLC did not have any income and was told by a tax attorney that I didn't need to… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I owned a busiess that closed Dec. 2010. It was Incorporated.
I owned a busiess that closed Dec. 2010. It was Incorporated. I am personally receiving notices and liens from SC Department of revenue and IRS for the unpaid taxes from the business. It includes with… read more
TaxWhisperer
TaxWhisperer
Principal
Master's Degree
24 satisfied customers
As a small-business owner, I was required to forward a monthly
As a small-business owner, I was required to forward a monthly sales tax return and payment to the Georgia Dept. of Revenue with a deadline of the 20th of the following month. In October of 2010, The … read more
Jax Tax
Jax Tax
Senior Tax Attorney
Master's Degree
1,363 satisfied customers
I ran into money problems last year. was able to negotiate
I ran into money problems last year. was able to negotiate a settlement payment on my then creditcard w usbank. They recieved 3500 from me, then they wrote off 23k dept. Now when i went to do my taxes… read more
Wallstreet Esq.
Wallstreet Esq.
Tax Attorney
Doctoral Degree
586 satisfied customers
I am a licensed DRE and NMLS Mortgage Loan Originator in California.
I am a licensed DRE and NMLS Mortgage Loan Originator in California. I rent my own office space and pay for all of my work related expenses, everything. Due to HUD Guidelines - My Mortgage Banker requ… read more
socrateaser
socrateaser
1,031 satisfied customers
Hello, Im a LLC and I use a employment agency for my labor
Hello, Im a LLC and I use a employment agency for my labor needs, the agency is a corporation and it does not require a 1099. my question is: how do i report this expense under schedule "c" I have 2 d… read more
socrateaser
socrateaser
1,031 satisfied customers
In 2001 we made loans from the owners share of their profit
In 2001 we made loans from the owners share of their profit sharing plan to the Company to help through a very rough time. The loans were made in such a way to preclude the other participants from exp… read more
socrateaser
socrateaser
1,031 satisfied customers
I am with a roofing company that did work for a woman who is
I am with a roofing company that did work for a woman who is now filing bankruptcy. The roof was paid for by her insurance company, but she took the money and spent it elsewhere. Do I have any recours… read more
socrateaser
socrateaser
1,031 satisfied customers
was told if i pulled money form 401 in case of divorce to help
was told if i pulled money form 401 in case of divorce to help build ex wife new home for her and kids it was not subject to penalities and taxes… read more
socrateaser
socrateaser
1,031 satisfied customers
I am a 56 yr old male who has worked and contributed into the
I am a 56 yr old male who has worked and contributed into the system since I was 16. The last 6 years I was considered an officer of a small business in forming the corporation. We were forced to clos… read more
socrateaser
socrateaser
1,031 satisfied customers
I intend to file Chapt 7 shortly since, I have very large debts
I intend to file Chapt 7 shortly since, I have very large debts to creditors following losing my job in 2002, and will be filing when the time period needed to have a Federal tax dept by the bankruptc… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I was named benificary of life insurance policy of my ...
I was named benificary of life insurance policy of my ex-husband who died accidently in the State of Ky... I am not named in his will, but was given the full account(over $50 thou) by trustee.And am t… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
what are the tax benefits of farming I am considering ...
what are the tax benefits of farming? I am considering buying an orchard, can I use my 401K money? Do I incur a penalty?… read more
GARY ELLIS
GARY ELLIS
Tax professional
Bachelor Degree
74 satisfied customers
in the state of kansas, when does past due tax become un- ...
in the state of kansas, when does past due tax become un- collectable(how many years)? can they be discharged in bankruptcy?… read more
Jean
Jean
Associate Degree
How much sales tax to charge for a renovation job in Georgia
I am a small business under the General Contractors heading. I refinish floors as part of my business. I am unsure in Georgia where the business is and was performed just how much sales tax I should c… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 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