Tax

Have a tax question? Ask a tax Expert

Connect one-on-one with {0} who will answer your question

Related Tax Questions
My mother died in 2019 and her home sold wth the money being
My mother died in 2019 and her home sold wth the money being split between four children. How do we prevent paying taxes on this money. About 35;000 dollars … read more
Rick
Rick
MBA
3,909 satisfied customers
A friend and I own a rental property. We are remodeling and
A friend and I own a rental property. We are remodeling and are splitting the expenses We are not a Corp but we are just partners in a venture. Can we split any income and expenses on our individual t… read more
DK_CPA
DK_CPA
CPA
Master of Science in Accounting & Taxationb
2,508 satisfied customers
My fathers home was passed down to his three children from a
My fathers home was passed down to his three children from a living trust. It was stipulated in the trust that his partner would live in the home until she passed. Our father died in 2011 and his part… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,723 satisfied customers
My father passed away recently and he willed equally, to my
My father passed away recently and he willed equally, to my two sisters and me, 19 quarters of Kansas farmland, along with some other stocks & assets. Eight of these quarters are in one large tract of… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,723 satisfied customers
Can I write a check to widow of ex-business partner who died
Can I write a check to widow of ex-business partner who died intestate for his half of the total in our joint checking account? He was sick and we dissolved everything else in the partnership during t… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
50,007 satisfied customers
My husband was a partner in an LLC which was placed in our
My husband was a partner in an LLC which was placed in our trust. I am the sole trustee and want to know how to calculate my BEGINNING stepped up basis in the event of a sale. I had the shopping cente… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,723 satisfied customers
CPA ONLY….. There is a Withholding Tax timing issues (28%) Partners
CPA ONLY….. There is a Withholding Tax timing issues (28%) Partners A and B did a joint investment, and for example they earned $100,000 in year 2015. The investment was in A name only. The Payout Com… read more
PDtax
PDtax
Owner
Master's Degree
5,963 satisfied customers
my mother-in-law owned mineral rights on 113 acres. She sold
my mother-in-law owned mineral rights on 113 acres. She sold part of those rights in the year she died, retaining a 50% non-participating partner's interest in royalties, which my wife inherited. last… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
50,007 satisfied customers
I am in Chapter 7 Bankruptcy. I have turned over all of the
I am in Chapter 7 Bankruptcy. I have turned over all of the required assets. One of the assets was my 50% ownership in an LLC. The LLC has physical assets. My wife owns the other 50%. My wife doesn't … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
50,007 satisfied customers
Partner A who had a 25% interest , as well as, an additional
Partner A who had a 25% interest , as well as, an additional 25% usufruct in the partnership, died in October 2013. The partnership makes a distribution on the 1st of each month to all partners. In No… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
50,007 satisfied customers
Hi - this question is regarding a IRC §83(b) election. So,
Hi - this question is regarding a IRC §83(b) election. So, if my business partner A gifts to me 24 shares of his stock there is no tax liability to me whatsoever, correct? The IRC §83(b) is only in re… read more
taxmanrog
taxmanrog
Master's Degree
2,162 satisfied customers
Hi, I have a Delaware LLC established for the purposes of
Hi, I have a Delaware LLC established for the purposes of consolidating and managing family investments. I am manager and me, my wife and grown children are members. In light of the attractive tax-fre… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
50,007 satisfied customers
I have a partnership with 3 partners. One partner dies and
I have a partnership with 3 partners. One partner dies and there is a section 754 step-up on the partnership assets as the partners' interest is now owned by his estate. Later, the Estate has 1/2 of i… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
50,007 satisfied customers
Deduction for donating domain name to charity Years ago,
Deduction for donating domain name to charity? Years ago, I registered the ".NET" version of the Internet domain name of a national not-for-profit organization. I configured this domain to point to th… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
21,808 satisfied customers
partnership with capital ($$) and profits ... with different
partnership with capital ($$) and profits ... with different percentages. I believe we can list the capital contributions on our partnership based upon real value and each get their real value contrib… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
I am a Florida resident. I have a real estate partnership
I am a Florida resident. I have a real estate partnership in South Carolina, We have one vacant condo. As of 12/31/09, the building has a tax basis of $94,309 less accumulated depreciation of $37,260 … read more
William Ellis, CPA
William Ellis, CPA
Master's Degree
241 satisfied customers
My sister and I have received our property from our Mothers
My sister and I have received our property from our Mother's will after her second husband has died. He had a "life estate" and had the house rented. The "Rental Agent" has told us that she was told b… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
50,007 satisfied customers
In 1969 a person died and willed some land to Richard,
In 1969 a person died and willed some land to Richard, my father-in-law, for his use during his life. Upon Richard''s death the land was to be shared equally by Richard''s children. Richard passed awa… 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

5,914 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

673 satisfied customers

B.A., M.B.A, J.D.

Loren

Loren

Attorney

555 satisfied customers

Over 25 years practicing law

Robin D.

Robin D.

Senior Tax Advisor 4

21,808 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,666 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

< 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