Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
My friend have created LLC for property management, but our
My friend have created LLC for property management, but our a few properties does not transfer the titles to the LLC. Since our llc is two memebers (husband and wife). Can we file the 1065 partnership… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
6,042 satisfied customers
I own an office rental complex in NY under a LLC, I am
I own an office rental complex in NY under a LLC, I am renovating a home that is my personal residence. Can I use accountants, funds, credit cards and checks from my LLC to pay for material and labor … read more
Barbara
Barbara
Enrolled Agent, Paralegal
15,122 satisfied customers
I converted my rental property to llc. what is the best way
I converted my rental property to llc. what is the best way whether to include in my return or file separate llc return not to effect my future lending loan to income ratio? … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,108 satisfied customers
I'm a regular W-2 employee with high income living in
I'm a regular W-2 employee with high income living in California. I have one rental property and am thinking of getting more in the future but I'm concerned about the passive be income being taxed at … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,490 satisfied customers
My client has an llc which he uses rental properties. he
my client has an llc which he uses for several rental properties. he loaned one of the properties $500000 at 8%. the property pays $10000/mo rent to the llc. the owner than issues a check to himself f… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I have a LLC that is a property management company in Georgia.
I have a LLC that is a property management company in Georgia. I have a four unit in GA and a single house in Michigan that I rent. I actively participate with my rental properties. I have no other jo… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I currently own a rental property in North Carolina (in my
I currently own a rental property in North Carolina (in my own name) and I'm thinking of expanding my portfolio of rental properties. I am also considering flips (buying, remodeling, and selling). Bec… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,490 satisfied customers
This is again tax planning question I am managing my wife's
This is again tax planning question I am managing my wife's medical tiny out-patient practice. This is a VA state LLC. Attached are high level income and expenses. Based on the spreadsheet I am seeing… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,490 satisfied customers
I currently live in one unit of a four-plex I own. I live in
I currently live in one unit of a four-plex I own. I live in California. To better protect my assets in the event of a future marriage, I want to put the property into an LLC that is owned by a trust.… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I currently run a publishing business under an LLC. I am also
I currently run a publishing business under an LLC. I am also a real estate agent. Additionally I am a rental property owner with 10 investments. I don't run the rental business under an LLC. I recent… read more
taxmanrog
taxmanrog
Master's Degree
2,946 satisfied customers
Tax question : My wife had a home based business in managing
Tax question : My wife had a home based business in managing part time real estate for last 4 years. Last year we opened an LLC in joint partnership and purchased another property. Can we still file S… read more
Barbara
Barbara
Enrolled Agent, Paralegal
15,122 satisfied customers
I would like to sell a house in Virginia which is rented out
I would like to sell a house in Virginia which is rented out and use the money to buy a house in Texas. If the house in Virginia is sold for a profit is the profit taxable if using the money towards b… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
I own a business (S Corporation), which already max out section
I own a business (S Corporation), which already max out section 179 deduction last year. I am also a part time employee for another company. My gross income is about $200,000 a year. I have been doing… read more
DanielleCPA
DanielleCPA
Certified Public Accountant
Bachelor's Degree
984 satisfied customers
I have a client who is buying multiple rental properties through
I have a client who is buying multiple rental properties through an LLC. He now has about 50 of them....is it better to just complete individual schedule E for this or set up an S corp or and flow it … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,490 satisfied customers
Tax law IRS question. I currently owe over 12000 in taxes origina
Tax law IRS question. I currently owe over 12000 in taxes originating from 2007 till present. I've set up a payment plan and currently pay 244.00 per month. Last years taxes were done but were done an… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
2,290 satisfied customers
A husband and wife who are Australian citizens have moved to
A husband and wife who are Australian citizens have moved to live and work in New York. He will be getting a green card shortly. He is looking to buy a family home to live in in New York as well as a … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,490 satisfied customers
I have a short term capital gain in stock for 142000 this year.
I have a short term capital gain in stock for 142000 this year. I have a rental property income of $1450x12=$17400. I also draw a EDD payment of $1800x12=$21600. My wife as a part time income of $6000… read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,512 satisfied customers
Is it better to charge the corp rent or do a home office?
I have a well-established and profitable one-person S-corporation. I own a house I purchased in 2008 for $525,000. The house will be placed in an LLC as I am considering renting it as a vacation home … read more
Anne
Anne
Master Tax Preparer
3,422 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