Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Pearl. I'm trying to calculate the tentative total tax and…

Customer Question
Hi Pearl. I'm trying...

Hi Pearl. I'm trying to calculate the tentative total tax and total payments and credits and I don't know what I need to put for either of them.

Accountant's Assistant: The Accountant will know how to help. Please tell me more, so we can help you best.

I'm filing the extension for for 7004

Accountant's Assistant: Anything else I can tell the Accountant before I connect you two?

It's for partnership income 50/50

Submitted: 2 years ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 12 minutes by:
4/16/2016
Tax Professional: Lane, JD, CFP, MBA, CRPS replied 2 years ago
Lane
Lane, JD, CFP, MBA, CRPS
Category: Tax
Satisfied Customers: 14,446
Experience: Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
Verified
Hi, I can help here ... If you give me your income for the year, how you file (joint vs single, etc), and whether you have dependents I caan run a projection that will give you a good estimate of your tax owed (which is what IRS means by "tentative tax") .. and then payments just means any estimated payments or withholding from paychecks for the year....Finally, I can also project any credits you might have coming, by running this projection and asking you a few questions....Let me know, and we can go from there...lane......I hold a law degree (JD, Juris Doctorate), with concentration in Tax Law, Estate law & Corporate law, an MBA, with specialization in finance & tax, as well as CFP® and CRPS designations. - I’ve been providing financial, Social Security & Medicare, estate, corporate & tax advice since 1986.
Ask Your Own Tax Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a tax professionalLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Lane Your Own Question
Lane
Lane
Lane, JD, CFP, MBA, CRPS
Category: Tax
Satisfied Customers: 14,446
14,446 Satisfied Customers
Experience: Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986

Lane is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

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 >

Related Tax Questions
Is FICA and medicare considered part of federal income tax?
is FICA and medicare considered part of federal income tax? … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
1,047 satisfied customers
Tax Question. Texas. It is a federal estimated tax question.
It is a federal estimated tax question. We have an unusually high income year due to withdrawal from our IRAs to pay off our mortgage. We know we have met the safe harbor requirements through a combination of taxes withheld from the withdrawals and withholding from our pensions using the 110% rule of last year's tax because our income is over $150,000. The questions are: 1. Can we skip the rest of the estimated tax payments through the rest of 2018? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Client expansion led to somewhat extensive partnership
Client expansion led to somewhat extensive partnership structure. We revoked two company S elections effective 1/1/18 so partnerships could own one another.In the past, we've paid wages to the owners … read more
Lane
Lane
JD, CFP, MBA, CRPS
14,446 satisfied customers
Income tax for single person, no dependents standard
income tax for single person, no dependents standard deductions only … read more
Lane
Lane
JD, CFP, MBA, CRPS
14,446 satisfied customers
Do I have to file Fed Income Tax forms if the income of my
do I have to file Fed Income Tax forms if the income of my corporation is less than $5000 per year? … read more
Carter McBride
Carter McBride
LLM
1,152 satisfied customers
I declared my mother in law as a dependent for the first
Good morning. I declared my mother in law as a dependent for the first time and our jointly filed returns were returned because IRS said that she was deceased. We had given the correct SS# ***** DOB. … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
An accountant filed a tax extension for me and my husband
An accountant filed a tax extension for me and my husband but he's not answering our phone calls and we need to file our taxes. Can we still do this ourselves now that he filed the extension?… read more
abci168
abci168
Principal
27 satisfied customers
Our tax preparer filed an extension for the first time for
Our tax preparer filed an extension for the first time for us (seems he is behind); can we go to another preparer to file our taxes once an extension is filed? … read more
Brian Michels
Brian Michels
Partner, CPA
Bachelors of Business Administration
199 satisfied customers
I'm trying to file for an extension. My April 18th extension
I'm trying to file for an extension. My April 18th extension was rejected and I have until today. when I clicked on the "fix my extension button," I was sent to the file my return site. … read more
taxmanrog
taxmanrog
Master\u0027s Degree
975 satisfied customers
How I can file for an extension to file the tax return for
How I can file for an extension to file the tax return for 2017. … read more
Dr Arthur Rubin
Dr Arthur Rubin
Doctoral Degree
24 satisfied customers
Looking for estimated tax rate for 500,000 income in 2017.
looking for estimated tax rate for 500,000 income in 2017 … read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,512 satisfied customers
If I'm filing an extension on my tax individual tax return
If I'm filing an extension on my tax individual tax return and don't know my tax liability, payments, balance due, or amount I'm paying for 2017 on the "Part II Individual Income Tax" section - what s… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,277 satisfied customers
In order to file an extension (I'm way behind) for my tax
Hi again, In order to file an extension (I'm way behind) for my tax return, If I don't know my estimated tax (first year in biz) will they allow me to extend without any payment if I file electronical… read more
Marcia Mitrano
Marcia Mitrano
MBA
62 satisfied customers
I have an IRS tax law question regarding forms need to file
I have an IRS tax law question regarding forms need to file an extension on filing a form 1041. Need a tax professional from California to respond. … read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,277 satisfied customers
I forgot to file form 7004 for extension of form 1065. I
I forgot to file form 7004 for extension of form 1065. I tried to file the extension after 3/15/18 but it was rejected by IRS. What penalties will I incur? … read more
abci168
abci168
Principal
27 satisfied customers
I am doing a partnership return and extension is needed and
I am doing a partnership return and extension is needed and the partners seem unable to come up with their EIN. Is there a way I can get extension without EIN? Can I plug in managing partners SS # or … read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,277 satisfied customers
Since my withholding changed with the new tax law should I
Since my withholding changed with the new tax law should I continue to pay that amount to prevent a large tax bill next Ap 2018? … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
As ...instead of filing partnership forms, can I make it as
As a follow up...instead of filing partnership forms, can I make it as a business loan from her to the business my sole proprietorship. At that point she's in the business of loaning money so that she… read more
Lane
Lane
JD, CFP, MBA, CRPS
14,446 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.

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