Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
I filed a company as a LLC with the state of New Jersey. I
I filed a company as a LLC with the state of New Jersey. I am now on the IRS website, to apply for a EIN number. When I went to get one, I received this message (see attached).Please let me know what … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Just a quick question - just formed an LLC in California. We
just a quick question - just formed an LLC in California. We want to be classified as S Corp - so do I only need to file form 2553 to note that? Or do I have to file both 2553 AND 8832?? There are onl… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,464 satisfied customers
Can 3 single member llc's file on a single form 1120-s? What
can 3 single member llc's file on a single form 1120-s? … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
4,994 satisfied customers
Can I begin filing my LLC, which for the prior three years
Can I begin filing my LLC, which for the prior three years filed as a partnership tax return, as an S Corp by simply filing form 2553?… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,522 satisfied customers
I have LLC partnership with 3 partners and have been filing
I have LLC partnership with 3 partners and have been filing 1065 for 2015 & 2016 Client intends to convert the LLC in to C Corp with effect from 01 01 2017 Question: Can it be converted from 01 01 201… read more
PDtax
PDtax
Owner
Master's Degree
9,538 satisfied customers
I've had an inactive single member llc since October 2016. I
I've had an inactive single member llc since October 2016. I didn't file the election to make it an s-corp. I am now preparing to operate under the llc. Is it too late for me to make it an s-corp? … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,522 satisfied customers
I have California LLC with two partners total. Can I file
I have California LLC with two partners total. Can I file 2016 return as S Corp without having ever filed form 2553?… read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,512 satisfied customers
I have a maybe odd situation and am using you as a side
I have a maybe odd situation and am using you as a side check. I have a client who wanted to form an S Corp in Jan 2016 and instead formed an LLC in CA. His tax pro was a licensed tax preparer and did… read more
Michael Hanley
Michael Hanley
Managing Partner
BBA
56 satisfied customers
I have a single member LLC that i use to file with my
I have a single member LLC that i use to file with my personal tax return using Schedule C. I have NOT filed any information for this LLC for years because I was NOT using it. It is still considered a… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,464 satisfied customers
On 3/31/16 An S corp had shares purchased by another Sub S,
On 3/31/16 An S corp had shares purchased by another Sub S, thus terminating the Sub S status. As of 3/31/16 we should file a form 1120S and check the terminated box? Then file a 1065 for 4/1/16-12/31… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
On 10/19/2015 a disregarded entity was started as an LLC in
On 10/19/2015 a disregarded entity was started as an LLC in Arizona. On 3/31/16 a Sub S partner bought into the business and forming a partnership. A previous Sub S Election on Form 2553 had been file… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
4,994 satisfied customers
I have a client that set up a single member LLC but wants to
I have a client that set up a single member LLC but wants to file for treatment as an S-Corp what do I need to do to correct the 1120-S filing? Amend as an LLC or file a form 2553?… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,104 satisfied customers
RE: LLC makes an election on Form 8832 to be a "c" corp. Then
RE: LLC makes an election on Form 8832 to be a "c" corp. Then Form 8832 to terminate the "c" election and be classified as a Partnership or flow to 1040. Looks Like form 8832 can be used both ways for… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,464 satisfied customers
Morning, I have a client that has been a Single Member LLC
Morning, I have a client that has been a Single Member LLC filing a "0" Schedule C (he tells me) since 2009. He had no transactions or income during those years. However, he obtained government contra… read more
Phillip B, EA
Phillip B, EA
Tax Advisor
Bachelor's Degree
1,326 satisfied customers
What's first for a new open company: send form ss-4 or file
What's first for a new open company: send form ss-4 or file form 8832 ? Company is LLC and has one owner, but would like to be as corporation. Is it possible to show on form ss-4 that company will be … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,522 satisfied customers
Good Morning Lev. Question on Entity Change. A sole ownership
Good Morning Lev. Question on Entity Change. A sole ownership LLC would like change entity and become a S-Corp. The LLC has an active EIN and my understanding form 2553 can be used to make that entity… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,464 satisfied customers
For tax year 2011, can a 1065 be changed to an S-Corp with
For tax year 2011, can a 1065 be changed to an S-Corp with the attachment of a Form 2553. What is the deadline to file this return then? March 15 or April 17? I need to change an existing husband/wife… read more
socrateaser
socrateaser
43,144 satisfied customers
Client is an Texas LLC. It files as a partnership form 1065.
Client is an Texas LLC. It files as a partnership form 1065. They want to switch to a sub chapter s election. Would they file the form 8832 and the 2553. They want to continue to use the LLC as their … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,464 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