Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
Our home sustained 78,000 in damages due to the Great
Our home sustained 78,000 in damages due to the Great Louisiana Flood in Aug. 2016. Our insurer issued a check for 78,000 to my husband and our mortgage holder. Due to the significant amount of damage… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Our home sustained 78,000 in damages due to the Great
Second opinion] Our home sustained 78,000 in damages due to the Great Louisiana Flood in Aug. 2016. Our insurer issued a check for 78,000 to my husband and our mortgage holder. Due to the significant … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I had a renovation loan for my personal residence in 2017
I had a renovation loan for my personal residence in 2017 and all of the work was completed in 2017. The loan proceed checks were all made out in my name and the GCs name. The total amount of the loan… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I have a question about my company taxes, we use QuickBooks
Hi, I have a question about my company taxes, we use QuickBooks Online, I have a lot of subcontractors in my Construction company, so I pay them weekly, half in check and half in cash, per example, 20… read more
PDtax
PDtax
Owner
Master's Degree
1 satisfied customers
I recently did some work for a family member at the end of
I recently did some work for a family member at the end of 2016. He is a subcontractor and does remodeling. On the jobs that I worked on I also spent fairly large amounts of money on partially funding… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor's Degree
1 satisfied customers
MY husband took out a conventional rehab mortgage loan to
MY husband took out a conventional rehab mortgage loan to purchase a primary residence. $40,000 (ish) of that mortgage was held in escrow for repairs. The bank then released those funds to the contrac… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,748 satisfied customers
I just started using QuickBooks Pro and i'm confused about
I just started using QuickBooks Pro and i'm confused about expenses vs cogs. … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
1,794 satisfied customers
As a Construction Contractor in Ireland. I am acting a
I am Self Employed as a Construction Contractor in Ireland. I am acting a subcontractor to a larger company on a particular project. I am however subcontracting part of this out to my own subcontracto… read more
Barbara
Barbara
Enrolled Agent, Paralegal
6,000 satisfied customers
I have a question concerning the same General Contractor
I have a question concerning the same General Contractor that I previously asked the question concerning the sound proofing. This same GC had his subcontractor install 3 windows for me. All 3 windows … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
G, I am a contractor and did work on an insurance paid house
Steve G, I am a contractor and did work on an insurance paid house fire. The checks paid from the bank were in the homeowners and my name. I endorsed the check but handled non of the finances. I put t… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,748 satisfied customers
I am in the process of purchasing and repairing a home using
My name is Steve. I am in the process of purchasing and repairing a home using an FHA 203k loan. My dad is the contractor. He is not getting paid to do any work. He is, out of the greatness of his hea… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor's Degree
1 satisfied customers
My friend was issued a 1099 full amount of a Construction
My friend was issued a 1099 for the full amount of a Construction Loan (he was considered the General Contractor for the purpose of the loan, but actually only did some carpentry work on the remodel) … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,748 satisfied customers
I made a verbal agreement (with parents) to buy a ski condo:
I made a verbal agreement (with parents) to buy a ski condo: they were to put it in my name: they did not after we made the deal and I gave them 27K down and remodeled the place at a cost of 113K. Now… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,748 satisfied customers
I own a New Jersey based LLC (Smart Home Integration LLC).
I own a New Jersey based LLC (Smart Home Integration LLC). We are registered resellers of home automation products. We have a Sales & Use Tax certificate in both New Jersey and the City of Flagstaff i… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Difference between subcontractor vs. independent contractor?
Could you please help me understand the difference between the designations of subcontractor vs independent contractor vs contract/labor?… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I work for an S-Corp in MN. I am paid as an employee (W2) and
I work for an S-Corp in MN. I am paid as an employee (W2) and I also receive payments as a subcontractor (1099). I do the bookkeeping for the company and want to make sure I enter all in Quickbooks pr… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,165 satisfied customers
We used my brothers name as a contractor name to release ...
We used my brothers name as a contractor name to release funds on our garage loan from the bank. The checks were made out to him with my and my husbands name on it too and my brother signed off on the… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,165 satisfied customers
I am a texas based business. I subcontracted a job in ...
I am a texas based business. I subcontracted a job in california. I purchased materials in texas that were shipped to california. The materials were for resale and used for the contracted job. What , … read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 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