Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
Recently purchase a vehicle $121658.50 and have a loan which
Recently purchase a vehicle $121658.50 and have a loan which I will pay $12951.82 in interest. … read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,512 satisfied customers
I need assistance in Quickbooks (“QB”), accounting for bond
I need assistance in Quickbooks (“QB”), accounting for bond securities transactions. Specifically, I am having difficulty figuring out how properly account for the Accrued Interest and OID. 1. What Ge… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,218 satisfied customers
I have recently taken over the books for a restaurant, and I
I have recently taken over the books for a restaurant, and I am struggling with the journal entries for the 6 months prior to my taking over. The previous bookkeeper booked all receipts (cash,visa/mc,… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,218 satisfied customers
How do you record a fixed asset (computer) that was
How do you record a fixed asset (computer) that was purchased on credit using the cash basis accounting. … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
30,022 satisfied customers
I now need to create the journal entry on the books of the
for Lane Only, I now need to create the journal entry on the books of the LLC which is making the payments to the wife of the deceased partner to record Imputed Interest. What do we have to do?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
30,022 satisfied customers
JE for tips, We need to know the DR and CR for tip
JE for tips JA: The Accountant will know how to help. Please tell me more, so we can help you best. Customer: We need to know the DR and CR for tip reporting. JA: Is there anything else important you … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
4,994 satisfied customers
I own a small business and last year we sold an Asset (a
I own a small business and last year we sold an Asset (a Yacht). In the course of selling the boat we had to pay a broker commission and a processing fee. When I created the journal entry for the sale… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,108 satisfied customers
When you owe federal income tax calendar year 2014 but you
when you owe federal income tax for say calendar year 2014 but you pay them in 2015, do you have to go back to 2014 and book them for that year if they are not very much...(easier to close before all … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
30,022 satisfied customers
What is the accounting entry for performance bond?
I am a contractor and paying a performance bond $150 wkly up to $3,000 (Performance bond is for ($3,000). How is the accounting entry for this wkly payment, which is deducted out of our payment? We ca… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
How do I enter a tax liability that has not been paid. Sales
How do I enter a tax liability that has not been paid. Sales tax has accrued for the month but has not been paid. I believe this would be accrued sales tax under liabilites which will show on balance … read more
DanielleCPA
DanielleCPA
Certified Public Accountant
Bachelor's Degree
984 satisfied customers
Deposit/Sales/Petty Cash issue: Our shop charges 51.75 for
Deposit/Sales/Petty Cash issue: Our shop charges 51.75 for a product and most of the time people pay with Visa but sometimes pay cash. The deposits have been $52.00 to over simplify. After much though… read more
IRS Solutions
IRS Solutions
24 satisfied customers
We are a 501c3 non-profit organization. We have many government
We are a 501c3 non-profit organization. We have many government grants where equipment is purchased on the grant and fully expensed at the time of purchase and not depreciated. There has been a change… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,342 satisfied customers
I am having trouble understanding the adjusted journal entries,
I am having trouble understanding the adjusted journal entries, my question that was purposed to me is as follows: ABC Company on 12/31/2010 the company's yearend. Now I need to indicate the type of a… read more
JKT
JKT
Self-employed
Master's Degree
10 satisfied customers
if my payroll booked the wrong amount for general liability
if my payroll booked the wrong amount for general liability and I need to adjust, what account do I credit and what account do I debit… read more
BK-CPA
BK-CPA
Bachelor's Degree
972 satisfied customers
I work with rental properties. Sometimes we sell or flip the
I work with rental properties. Sometimes we sell or flip the properties. I use quickbooks and have each property set up as fixed assets with loans set up as other current liabilities. I apply principa… read more
Chad Oberg
Chad Oberg
Director
Bachelor's Degree
126 satisfied customers
What would the journal entry be if a company incurred an ...
What would the journal entry be if a company incurred an expense? What would the journal entry be when the check was processed? If a sale was made by a company what would the journal entry be?… read more
Wayne Brasch
Wayne Brasch
Accountant and Business Consultant
Master Degree
718 satisfied customers
My company sells packing supplies for resale. Once a
The company I work for company sells packing supplies for resale. Once sold we pay sales tax for the items that were sold. What is the correct type to call this. Is this an expense? The lady who used … read more
Brad
Brad
Bachelor's Degree
122 satisfied customers
This is not a tax question, but one of practicality and ...
This is not a tax question, but one of practicality and GAAP. I have a client start-up company in the thermoplastics industry with the intentions of going public as soon as they have established thems… read more
RD
RD
Self Employed
Master's Degree
5,572 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

1,342 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