Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
We have a small business ( sole proprietor), my tax advisor
We have a small business ( sole proprietor), my tax advisor at HR&BLOCKs doesn't know, where to report Keogh contributions made for myself and for my employee wife. My question is, where to report it … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I am a sole proprietor. I set up. SEP IRA a couple days ago
second opinion] I am a sole proprietor. I set up. SEP IRA a couple days ago at Scwhab. Based on my earning limit, I can only put $12k into it according to TurboTax,My question is, can my wife also put… read more
ABC Accounting Group
ABC Accounting Group
Bachelor's Degree
862 satisfied customers
I need to optimize my taxes and expenses for both 2017 and
I need to optimize my taxes and expenses for both 2017 and 2018. My wife has a sole proprietorship legal practice in California that started halfway through 2017, but was a w2 employee as well in 2017… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
1,794 satisfied customers
If my employer doesn't offer 401k, what are some other tax
If my employer doesn't offer 401k, what are some other tax deferral strategies I can utilize to lower my taxable income? I make about $80k per year and I'm single.… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I am self-employed and have set-up a 401-K. I currently have
I am self-employed and have set-up a 401-K. I currently have small loan against it. I am allowed to borrow up to 50% of the 401-K asset value. I have $15,000 that I was going to use to pay down a seco… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I have a full time job. Gross 125k/yr. 54 years old. They have
I have a full time job. Gross 125k/yr. 54 years old. They have simple IRA at job. In 2016 I will contribute 15,340. They will add employer match of 3,744. I also have a sole proprietorship. I will gro… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I have a day job that I contribute to a 401K. I contribute
I have a day job that I contribute to a 401K. I contribute the maximum the my 401k. I started a business this year and had a nice profit left over.My question is can I put all or a portion of this mon… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I was self employed Jan - Feb in 2015. In March - August
I was self employed Jan - Feb in 2015. In March - August 2015 I had a W2 job. I don't recall whether my employer offered a 401K or not but if they did I didn't take advantage of it. In August and Sept… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,342 satisfied customers
I am self employed and own an S Corp. I have seven
I am self employed and own an S Corp. I have seven employees. It is my understanding from what I've read that I can't use a SEPIRA for my IRA contributions because I own an S Corp and not a sole propr… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I have a client who are husband and wife. the husband has an
I have a client who are husband and wife. the husband has an incorporated realty trust and the wife has a business that is a sole proprietorship. my understanding is that they can contribute $24k each… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
SEP IRAs. My name is ***** ***** I am currently employ
SEP IRAs. My name is ***** ***** I am currently employ for a company where I maxed out my 401k. Beside my full time work, I also do consulting on the side. My questions to you is: Can I still still co… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
California CPAs or accountants only please. Im currently
California CPAs or accountants only please. I'm currently holding down a day job and also performing contractor services on the side. Let's say that my day job provides me with $12k per month of incom… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
Question regarding Additional Retirement Savings from free
Question regarding Additional Retirement Savings from free lancer side income. I am looking for options to put away more money in tax advantaged retirement account such as SEP IRA or similar. in 2013 … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I have W2 income from a job and also am a partner in a two
I have W2 income from a job and also am a partner in a two member LLC where all income flows through evenly to the two partners. I am covered by a 401k at my job and would like to set up some sort of … read more
PDtax
PDtax
Owner
Master's Degree
1 satisfied customers
want to maximize the amount into 401 K. if I am sole proprietor
want to maximize the amount into 401 K. if I am sole proprietor .. and net about 30,000 per year ... and I want to maximize the amount i put into my retirement ... is there a version of the 401 k ... … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
In April of 2009, I was let go by my company, I had already
In April of 2009, I was let go by my company, I had already made the max contribution (16,500) to my 401k. After being let go I started my own company (self employeed) and net income was over $1mm, th… read more
Bill
Bill
Master's Degree
2,278 satisfied customers
My wife and I made $234,000 in Schedule C income this year
My wife and I made $234,000 in Schedule C income this year (no 1099s). She also made 46,000 in W-2 wages. We were not incorporated and not even registered sole proprietors. We want to set up a self-di… read more
Bill
Bill
Master's Degree
2,278 satisfied customers
401K question My husband was 100% share-holder of C-Corp.
401K question: My husband was 100% share-holder of C-Corp. As of this year, he terminated the C-Corp. and operating business under the same business name but as sole proprietorship. The C-Corp. have 4… read more
Bill
Bill
Master's Degree
2,278 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