Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
I inherited a UTMA for my daughter a few years ago. I became
Hello. I inherited a UTMA for my daughter a few years ago. I became the custodian after my mother passed away. Our daughter became rebellious and wasn't making good choices, and last spring, when she … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
My granddaughter is deaf. She has 2 children, one of which
My granddaughter is deaf. She has 2 children, one of which is deaf. Her fiancé, the kid's father, died last May. She receives SSDI income for her for being deaf, and the kid's receive benefits because… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
I created a UGMA daughter in 1990. It was set up by
I created a UGMA for my daughter in 1990. It was set up by me c/o my daughter. It was explained to me that I had control over the account. I only contributed to the UGMA for a couple years and stopped… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
My ex opened an UGMA account daughter several years
My ex opened an UGMA account for our daughter several years ago. Is this account considered an asset to the minor? (IE for medical and therapy bills etc as she is a special needs child) Are there any … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
My fiancés mother opened an UGMA account when he was like 7 years old in Pittsburg
My fiancés mother opened an UGMA account for him when he was like 7 years old in Pittsburgh, PA. She JUST revealed this account to him last year, when he was 34! I know it was with INVESCO, it was clo… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
I have a friend that she does her taxes and claim her daughter..
hi I have a friend that she does her taxes and claim her daughter.. but her daughter worked and made $4298 and federal withheld was $275... her daughter does not need to file taxes correct??… read more
ShawnA
ShawnA
CEO
Bachelor's Degree
4,726 satisfied customers
I had some money saved in a UGMA Trust with American Century
I had some money saved in a UGMA Trust with American Century for one of my kids. We had about $7,000 saved. We took out $2000.00 to help her . She was starting college. She had a part time job making … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Daughter is 17 and a dependent. She earned approx $3800 via
Daughter is 17 and a dependent. She earned approx $3800 via part time jobs in 2012. CAn she get any or all of the income tax witholding she paid (approx $275.00)?… read more
Shane-CPA
Shane-CPA
CPA, PFS, CGMA
508 satisfied customers
its after midnight on 12/31. Can my kids still deposit the
it's after midnight on 12/31. Can my kids still deposit the gift checks given to them (and written) on 12/31 and still have it apply for 2012 gift tax exclusion? or...do i try to open one online in ha… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
I want my kids (7 and 9 yr old to learn how to save their money,
I want my kids (7 and 9 yr old to learn how to save their money, mainly for college. Instead of a saving account with 1% interest, I wanted to put their money in an investment account. I am looking at… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
We have a UTMA for our college-aged daughter which we have
We have a UTMA for our college-aged daughter which we have been liquidating to pay her college expenses. We are now being taxed on her capital gains from these sales. According to FTB 3800, because sh… read more
Zip Taxes
Zip Taxes
Senior Tax Preparer / Realtor
Associate Degree
116 satisfied customers
My wife and I started a UGMA saving account for our child many
My wife and I started a UGMA saving account for our child many years ago to be used for college. In 2007 the UGMA was rolled over to a 529 college savings using the same company. Recently my child was… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
529 fiduciary responsibility of parent - my ex-wife is the
529 fiduciary responsibility of parent - my ex-wife is the Account Owner for each child's (3) 529 VCSP/College America account also in their names. Child 1-stepdaughter from previous marriage. settlem… read more
Bill
Bill
Master's Degree
2,074 satisfied customers
I am the custodian for my daughters UGMA account, established
I am the custodian for my daughter's UGMA account, established when she was a toddler (she is now 17). I filed returns on it dutifully till 2001 and then I stopped. I realize that was dumb. In the yea… read more
Bill
Bill
Master's Degree
2,074 satisfied customers
I am a custodian on my minor daughters mutual fund account.
I am a custodian on my 17-year-old daughter's mutual fund account. I recently sold the mutual funds due to a downward spiral and she has both long and short term losses. Can I claim those loses on my … read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
2,290 satisfied customers
I sold a UGMA account in August and moved the proceeds to a ...
I sold a UGMA account in August and moved the proceeds to a NY state UGMA/529 account. I have a capital loss to report from this transaction, but my 13-year old daughter has no other income. Is there … read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
We sold a UGMA account in June 2007 after being notified by ...
We sold a UGMA account in June 2007 after being notified by the investment company that our daughter had exceeded the allowable age for a UGMA in our state. Our intent was to reimburse ourselves for e… read more
Jon Andrews
Jon Andrews
CPA
1,498 satisfied customers
My husband is the custodian of my sons UGMA. We ...
My husband is the custodian of my son's UGMA. We recently withdrew money from the UGMA to pay for my son's string bass, computer and counseling sessions. How do we report this sale on our income tax? … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 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