Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
Question: How to best handle depreciation in year of change
Question: How to best handle depreciation in year of change from residential rental (27.5) to vacation / commercial (39)? Also, does Form 3115 need to be included? (I think not) Assume this is 5 years… read more
Anne
Anne
Master Tax Preparer
1,328 satisfied customers
I rented a business property i made some lease improvements
I rented a business property i made some lease improvements to the building . I have 5 year lease . Do i depreciate this expense as 5 years ( lease time ) or 15 years? Under IRS rules?? what should I … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,733 satisfied customers
I have remodeled an existing business and put in a paved
Second opinion] I have remodeled an existing business and put in a paved driveway where there was a crushed gravel one before. I need to reduce my adjusted gross income. Can this be a one time only ex… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,733 satisfied customers
I have remodeled an existing business and put in a paved
I have remodeled an existing business and put in a paved driveway where there was a crushed gravel one before. I need to reduce my adjusted gross income. Can this be a one time only expense or do I ha… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,733 satisfied customers
You can probably pull a story in Just Answer ..my email is
My name is ***** ***** probably pull a history in Just Answer for me..my email is***@******.*** have a townhouse placed in service for rental and am tr sorry...that was incomeplete my question is whet… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
My friend is a gh income earner considering the acquisition
My friend is a high income earner considering the acquisition of a commercial building with nominal cash flows. The building needs to be cleaned up and tenants obtained. In the interim if he holds is … read more
Jax Tax
Jax Tax
Senior Tax Attorney
Master's Degree
1,363 satisfied customers
Have a rental property where the sewer line had to be
Have a rental property where the sewer line had to be replaced. Had the contractor break down different aspects in case we could depreciate or write off certain aspects differently. Could you tell me … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,733 satisfied customers
Robin, I bought my house in 1985 and I have done major
Hi Robin, I bought my house in 1985 and I have done major renovations in 2005 and then again in 2013-2014. I would like to make sure I know what documentation I need to have to be able to justify the … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
i have twenty acres of land. i am finacially forced to sell
i have twenty acres of land. i am finacially forced to sell at loss. can i claim septic system installation, well, driveway installation. and do i use purchase price or assesment value to claim loss o… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
49 satisfied customers
Facts: Solely owned S-corp---business is a real estate broker
Facts: Solely owned S-corp---business is a real estate broker office Uses personal home (owned by owner) as broker office for all employees and real estate agents Owner has accountable plan to get rei… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I own a single-family home on a large lot. A friend wants to
I own a single-family home on a large lot. A friend wants to buy about half of the lot, including driveway access and one room of the existing house, to build an attached condo. He's agreed to pay the… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
Can a farmer/rancher deduct 100% for erecting a steel or pole
Can a farmer/rancher deduct 100% for erecting a steel or pole building? If you buy a cattle ranch and it has no home on it can you deduct the cost of building a home.… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Hi its a Form 982 question, I purchased an investment property
Hi it's a Form 982 question, I purchased an investment property (Vacant Land) in 2006 for $250,000 --putting $50,000 down and taking a loan of $200,000. I then spent $60,000 improving the property wit… read more
Anne
Anne
Master Tax Preparer
1,328 satisfied customers
LLC bought & renovated prop. in 2010, put in service in 2011
In April 2010 my wife and I formed an LLC and purchased an office building under the LLC (using our own funds). We made renovations to it from Oct. 2010 through March 2011. We started using it for her… read more
socrateaser
socrateaser
1,031 satisfied customers
I sold my commercial business for 2 million in 2010. However,
I sold my commercial business for 2 million in 2010. However, I owed real estate loan of 1 million and other debt associated with the business of $500.00. The balance of $500,000 is being paid to me i… read more
socrateaser
socrateaser
1,031 satisfied customers
I have a contract on a residential property and will be applying
I have a contract on a residential property and will be applying for "Use Variance" so that I can use it as my office. The question is regarding the best setup for tax purposes. My company is a single… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Sold a duplex 2008 in June, 2008 October my divorce was final
Sold a duplex 2008 in June, 2008 October my divorce was final - I filed taxes 2008 (Single Head of Household - owe Irs 24,000 and State Tax 10,000 - somebody mentioned it to me that I have find all th… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
what exactly is the 30% tax credit for commercial solar ...
what exactly is the 30% tax credit for commercial solar power systems and how is it applied. If i owned a mini-mart, how would i apply this tax credit and how long would i have to use it?… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 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