Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
If I sold a house as a short sale in August 2017 in
If I sold a house as a short sale in August 2017 in California will I have to pay taxes on the cancellation of debt if that property was discharged in my bankruptcy in 2010? … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
I rcvd a 1099C for forgiven student loan debt due to perm.
I rcvd a 1099C for forgiven student loan debt due to perm. disability for $40,000. I also recvd this past year a disability settlement for $22,000. Do I have to claim the disability settlement towards… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
My education loan for my Son was waived! Do i pay taxes on
My education loan for my Son was waived! Do i pay taxes on the loan? … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
I receive Social Security Disability Income. I don't pay any
I receive Social Security Disability Income. I don't pay any income tax on that.This year I got Interest Income from money that was found in Massachusetts from an old Insurance policy. I also had a Ca… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I just got a letter from the IRS that I owe more money from
Hi I just got a letter from the IRS that I owe more money from last year's taxes due to a 1099C that I did not include. I never received this 1099 which was the result of my now wife having a car repo… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I am receiving a 1099c form (cancellation of debt) and I
I am receiving a 1099c form (cancellation of debt) and I wanted to know if social security counts that cancelled income towards wages earned? I am only aloud to make about $1000 roughly a month workin… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
4,994 satisfied customers
Canceled debt, that if paid by a cash basis taxpayer, would
Canceled debt, that if paid by a cash basis taxpayer, would be deductible What does this mean … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Received a 1099C today mortgage loan balance that was
Received a 1099C today for a mortgage loan balance that was cancelled debt. Totally confused about how to handle this. I was a cosigner on a mobile home loan for my s-daughter back in 1998. She filed … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
Ed, , My son passed on 9/26/14 - he was 25. I rec'd a
My son passed on 9/26/14 - he was 25. I rec'd a lot of 1099-Cs as I sent his death cert and it was forgiven. Do I need to do an tax return for him? He was passed all of 2015 - obviously. Also, I took out a Parent Plus loan for him and I rec'd a 1099-C for $15,000...I wanted to see if there is any way I don't have to claim as income as he never finished the 2 year program. … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
I received a letter from the IRS ref my 2013 return. I had
I received a letter from the IRS ref my 2013 return. I had filed using the form 982 because I had debt I didn't pay and the IRS found $9,691 (which I did claim) they said I didn't claim? Now they incr… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,388 satisfied customers
I just received a 1099C from citi mortgage. my house was
I just received a 1099C from citi mortgage. my house was discharged in bankruptcy in 2009. in box 5 it is checked which is saying I am personally liable. I don't understand what this means.… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
In 2011, our house was foreclosed on. We had a 2nd mortgage
In 2011, our house was foreclosed on. We had a 2nd mortgage on the house at the time, and at the time of foreclosure we were insolvant. In December 2013, we settled the 2nd mortgage by paying back 32%… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
Bank informed me today that I will receive a 1099 Form –C for
Bank informed me today that I will receive a 1099 Form –C for the principal, but not for interest and penalties of a sizeable credit card debt that I am unable to repay. I do not intend to contact the… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
on a mortgage foreclosure (1st mortgage under a securitzation)
on a mortgage foreclosure (1st mortgage under a securitzation) in Florida and the bank takes back my home, does the bank typically give me a 1099A and or a 1099c or ?… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,543 satisfied customers
I received a 1099c from the Department of Education for debt
I received a 1099c from the Department of Education for debt discharged due to permanent and total disability. As one of the terms of the original loan was this provision, to forgive the loan if death… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
What do I do? I have a $14,500 debt and agreed 1/2 to settle.
What do I do? I have a $14,500 debt and agreed 1/2 to settle. Forgot the 1099-c part. When I call them back to talk about this what do I tell them about it. Should they send me a new e-mail with the w… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
I am a disabled vet and never have income to report...i am
I am a disabled vet and never have income to report...i am getting a 1099c due a settlement on a balance of nonpayment on a credit card. the amount will be on the 1099c $10,400 dollars WHAT WILL I OWE… read more
DanielleCPA
DanielleCPA
Certified Public Accountant
Bachelor's Degree
984 satisfied customers
a creditor claiming a debt occurred between 1994-2001 of 2900.00
a creditor claiming a debt occurred between 1994-2001 of 2900.00 says that he will send me a 1099c and that the irs will come after me for the entire amount but i haven't worked since sept 2007 due to… 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

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