Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
My son's Special Needs Trust had income of $384 in 2017. It
My son's Special Needs Trust had income of $384 in 2017. It looks like it can take an exemption of $4050 or is it $5490? He had dental expenses of $5870. How do I handle this? … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Thank you I purchased a FNMA STRIP zero coupon bond and paid
hi thank you I purchased a FNMA STRIP zero coupon bond and paid taxes on the income every year .. last year I sold it and how do I report it on my 1099B so that I don't have to pay tax on the entire g… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor's Degree
1 satisfied customers
I have a few questions regarding a trust can you assist? My
I have a few questions regarding a trust can you assist? … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,275 satisfied customers
Continue with the previous question. This is relate to the
Hi Steve,Continue with the previous question. This is relate to the same trust I mention early. There is another FOrm 1099 INT with Tax-exempt OID $276 (see attach) and on Adjustment to interest and O… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor's Degree
1 satisfied customers
Form 1041 questions Where do you enter the 2k bond
Form 1041 questionsWhere do you enter the 2k bond premium-tax-exempt obligations on Form 1041. the 2k is shown on Form 1099-INT under Adjustments to interest and original issue discount… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor's Degree
1 satisfied customers
2 questions: my mother passed away last may. i am trustree
my mother passed away last may. i am trustree of her trust. i need to file a 1041 per the trust agreement. ihave the EIN nad tax ID. other question is i assume i need to file her partial 2016 personal taxes, however i have been unable to obtain 1099's etc. can i file without them and do i need to? … read more
PDtax
PDtax
Owner
Master's Degree
1 satisfied customers
I sold a investment property in 2016 for a capital gain of
Hi, I sold a investment property in 2016 for a capital gain of 45,000. I have a personal adjustable tax bracket of 7,000. I am trying to calculate the tax i will owe … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
My parents set up a life estate in ny state. My two brothers
My parents set up a life estate in ny state. My two brothers and myself are remainderman. Mom is 89 and i want to sell my 1/3 ownership to my brother. What factors does tge irs use to calculate my cap… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I got an EIN online today revocable trust thinking
Hi! I got an EIN online today for my revocable trust thinking that now I was required to have one. But I see websites explaining that if the grantor/sole trustee(me) is alive, then that is not necessa… read more
CFEPro789
CFEPro789
Fraud Analyst
Master's Degree
369 satisfied customers
Do I need to file a 1041 estate tax if the estate is not settled?
Do I need to file a 1041 estate tax if the estate is not settled? Is there an amount that the estate has to be worth to require taxes be filed and lastly do I need to file K-l on all the beneficiaries… read more
abci168
abci168
Principal
27 satisfied customers
I am preparing a 1041 snt (trust) I basically have the
I am preparing a 1041 for a snt (trust) I basically have the following items, which I have recorded on the 1041: line 1-interest income $1,880 line 2a/2b ord/qual div $21,923 line 4 capital gain $49,1… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor's Degree
1 satisfied customers
If someone claims married and 3 on the income and they make
If someone claims married and 3 on the income and they make 1395 per month, what will the deduction amount, or the % taken out amount be. Thank you… read more
Stephanie B.
Stephanie B.
Accountant
Master's Degree
451 satisfied customers
Now what happens to the tax rate on the taxable income - looking
Now what happens to the tax rate on the taxable income - looking at the form 1041 I understabd that there will not be any deduction for standard deduction and one personal exemption, (which will be ta… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
My dad and mom gave me 9 acres in 1993 with a quit claim deed
My dad and mom gave me 9 acres in 1993 with a quit claim deed and I paid $1.00 for it. I now wish to sell the property. It has not been improved and is just farm land. What sort of taxes should I expe… read more
Stephanie B.
Stephanie B.
Accountant
Master's Degree
451 satisfied customers
My aunt set up a trust for my son. She is deceased and I am
My aunt set up a trust for my son. She is deceased and I am the trustee. Every year I file a trust tax return. I would like to prepare the tax return myself. I have one question. On Schedule 1 form 10… read more
ezcpa
ezcpa
19 satisfied customers
My total adjusted gross income which comes from Pensions only
My total adjusted gross income which comes from Pensions only comes to $ 20,645.00 I am single with no dependents and 72 years of age. I have moved here from the UK so don't know about personal exempt… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
529 Tap Program If you take money out of the Tap program to
529 Tap Program:If you take money out of the Tap program to pay for qualified educational expenses, do you get to take the educational credits?… read more
Stephanie B.
Stephanie B.
Accountant
Master's Degree
451 satisfied customers
I received monies from an Aunt s estate in 04-05 ,
I received monies from an Aunt’s estate in 04-05’, totaling well under $1,000,000. The estate attorney subsequently mailed a schedule K-1 (Form 1041, 04’) with line item amounts much smaller and… read more
Jon Andrews
Jon Andrews
CPA
2,926 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