Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
I am planning on selling a home under a VA loan. In 2014
I am planning on selling a home under a VA loan. In 2014 there was going to be a foreclosure but the bank allowed a $260,000 debt forgiveness. The question I have is under a VA loan is that forgivenes… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
Wife passed away 09-15-2015 no info to file individualy.
wife passed away 09-15-2015 no info to file individualy … read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor's Degree
1 satisfied customers
I live in MN and file as Head of Household. My ex-husband
I live in MN and file as Head of Household. My ex-husband and I sold our house (which was "given" to him in the divorce) in January 2015. He lived in the house until October 2013 with his new wife and… read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,512 satisfied customers
I received 3 1099-C properties that were foreclosed in
I received 3 1099-C for 2 properties that were foreclosed in 2009. These 1099-C are from home equity line of credits 2 of the 1099-C is from my 1st primary residence they are 2nd and 3rd positions - t… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,728 satisfied customers
My ex moved out in 2013. Our divorce was finalized in July
My ex moved out in 2013. Our divorce was finalized in July of 2014. She now wants to claim mortgage interest on my house for half of 2014. Can she do that? She has not lived here or paid anything on o… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
, My question relates to cancellation of debt. I am
Hello, My question relates to cancellation of debt. I am looking into the exclusions. The debt that was forgiven was related to the primary residence(LOC for improvements). However, It looks like CA h… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,728 satisfied customers
i was dismissed from chapter 13 bankruptcy in 2014. cannot
i was dismissed from chapter 13 bankruptcy in 2014. cannot afford to stay in my home. would there be a tax liability if i am foreclosed on or if i do a short sale in 2015? i owe 360000. and it will sh… read more
abci168
abci168
Principal
27 satisfied customers
My daughter is a disabled veteran (ARMY). She has a house in
My daughter is a disabled veteran (ARMY). She has a house in El Paso, Texas. She is divorced and living on VA disability with my assistance (father). She has moved back to California and we are explor… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
Hi, I am in processing of doing short sale for a rental
Hi, I am in processing of doing short sale for a rental property I have. If it is approved, bank will have to forgive the reminder of the loan. I understand that they will issue 1099c for the forgiven… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
Husband and wife divorce. Wife moves out of home to live in
Husband and wife divorce. Wife moves out of home to live in another location and has lived ther for over two years. Wife is still listed on the title of the home in which the husband remains, (the ori… read more
fastfile
fastfile
Tax Advisor
Master's Degree
550 satisfied customers
I had a short sale go through in October 2011 for what used
I had a short sale go through in October 2011 for what used to be my primary residence. My ex-wife and I got divorced in early 2010 and the property was in both of our names. She remained in the prope… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,728 satisfied customers
Hello. I just finished a session with someone and just realized
Hello. I just finished a session with someone and just realized another question - - I am in an underwater mortgage and currently have approx. 50k in credit card and car loan debt, and have a student … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,728 satisfied customers
I am going through a divorce in California. My wife was temporarily
I am going through a divorce in California. My wife was temporarily awarded our house after the initial divorce hearing. Shortly thereafter, she let the house mortgage go into foreclosure. (The mortga… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,728 satisfied customers
I am doing a HAFA short sale, meaning the bank would forgive
I am doing a HAFA short sale, meaning the bank would forgive my debt. I will be forgiven 180 thousand dollars. Now with the IRS is will be excempt if I file bankcrupsy or declare insolvent. I dont thi… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
60 satisfied customers
I am getting divorced. My husband filed for ch 7 bankruptcy
I am getting divorced. My husband filed for ch 7 bankruptcy and we are trying to short sale our home. will i be stuck with the difference in the shortsale price and owed mortgage? Will we both receive… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,728 satisfied customers
Short Sale $500,000.00 Tax Liabilty Question Spousal Exemption Deed Taxes
My wife and I are going to short sell our home. The shortage will equal almost $500,000.00. We have had the home as our Homesteaded Florida Residence for the last 9+ years. The mortgage balance was a … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,728 satisfied customers
My fiance has a house in Las Vegas, Nevada that he still owns
My fiance has a house in Las Vegas, Nevada that he still owns with his ex-wife because they have not been able to sell it for several years. They are now facing foreclosure. I am told that if the bank… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,728 satisfied customers
I just sold my secondary home as a short sale. I know I need
I just sold my secondary home as a short sale. I know I need to do a 1099. If I am/was insolvent when I sold the property, is there any way to not be responsible for that tax. If so please explain so … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,728 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