Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
Investment real estate properties LLC was formed with 2
Investment real estate properties LLC was formed with 2 members and was filed in 1065. One member is individual and other member is single member LLC. Investment real estate properties LLC received Re… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
Last tax year (2016) Me and my friend setup a Partnership
Last tax year (2016) Me and my friend setup a Partnership 1065. At the end of 2016, I bought my partner out and now I am the only member in the business starting from Jan 2017. So, do I still file a 1… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Single member LLC owned by a Multi-Member LLC. How to report
Single member LLC owned by a Multi-Member LLC. How to report the single member LLC income?… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I left an LLC 2 years ago. In fact, 6 owners or members all
I left an LLC 2 years ago. In fact, 6 owners or members all left with me in 2015. One owner was left, who continued the business for a few months then he put biz into liquidation. Money owed to the bu… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I filed back in March 2016 for an EIN number and to be
I filed back in March 2016 for an EIN number and to be classified as an LLC. well based on the information submitted to the IRS they are stating in the letter i need to file form 1065. This is just a … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 satisfied customers
Tax Experts Client just created single member LLC and want
Tax Experts Client just created single member LLC and want to be taxed as s-corporation. Do we need to file 8823 in addition to 2553 Form or 2553 is enough? Can we do it with 2016 tax return using "ch… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 satisfied customers
An LLC with 2 members (partnership) acquired a real estate
An LLC with 2 members (partnership) acquired a real estate note in 2015 (less than $100,000). The same note is being sold in 2016 at a potential profit. Is the LLC required to file a 1065 for the 2015… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
1,812 satisfied customers
Tax Experts Change from Single member LLC (disregarded
Tax Experts Change from Single member LLC (disregarded entity) to Multi-Member LLC (partnership). My client did register single-member LLC instead of partnership. It was mistake because partnership ha… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I am preparing a tax return sole-proprietor who filed
Hi there. I am preparing a tax return for a sole-proprietor who filed paperwork with the state to become an LLC in 2015. There is only one partner and the gross income was under $15,000 (not sure if t… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I have a two member LLC that was taxed as a partnership in
I have a two member LLC that was taxed as a partnership in 2014. As of January 1 2015, one partner bought out the other. I need this now one member LLC to be taxed as a S corporation. Aside from Form … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
We obtained FED EIN in 2015 with multimember LLC and
We obtained FED EIN in 2015 with multimember LLC and registered as multimember LLC with AZ State as well. After this in DEC 2015, we amended our AZ articles to just a single member LLC. Our question i… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
Susie, and I'm looking on how to report payments made to
Susie, and I'm looking for information on how to report payments made to former partners for their share of the business … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
turbo tax question. Previous years I put our rental property
turbo tax question. Previous years I put our rental property in the rental and royalty section, but we created an llc last year so I put it under business in come and expenses. Is that correct? Doing … read more
fastfile
fastfile
Tax Advisor
Master's Degree
550 satisfied customers
If "LLC Partnership A" owns "LLC Business " 100% as the
If "LLC Partnership A" owns "LLC Business B" 100% as the only "owner/partner" then what tax forms must LLC B file? I know LLC Partnership A files Form 1065 and K-1s.… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
My sister and I have a Nevada based Multi-Member LLC. We are
My sister and I have a Nevada based Multi-Member LLC. We are both Egyptian. We provide construction consulting services to US clients and have US Business bank account in which we receive payments for… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
How do I convert the multi member LLC treated as partnership
How do I convert the multi member LLC treated as partnership into a single member LLC disregarded entity? which forms must be submitted? Do you update the EIN too?… read more
taxmanrog
taxmanrog
Master's Degree
1,193 satisfied customers
My son and I own an LLC. The only assets of this LLC are a
My son and I own an LLC. The only assets of this LLC are a dozen rental properties. We take a very passive role in the actual management of the houses. We contract out all maintenance and the houses a… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
In 2010 an Single Member LLC reported as a schedule C for Federal
In 2010 an Single Member LLC reported as a schedule C for Federal purposes. At 1/1/2011 this LLC became a Multi-member LLC then formed 2 single member LLC owned by this partnership, (basically disrega… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 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