Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
If an S Corp donates some of it's property (furniture and
Hi Barbara, if an S Corp donates some of it's property (furniture and fixture type things), does the charitable contribution flow through to the shareholders at the asset's adjusted cost, or the fair … read more
Barbara
Barbara
Enrolled Agent, Paralegal
6,013 satisfied customers
I filed a schedule A w/ a $725 gift to charity based on
I filed a schedule A w/ a $725 gift to charity based on items in their thrift store at the time my donation was very large and many months later when I spoke to the manager she said they had made $700… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I have gains in some stock options calls, can I donate them
Hi I have gains in some stock options calls, can I donate them to a charity and get the deduction like a stock that i would gift?… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Hello! I get a lot of free toiletries from drugstores through
Hello! I get a lot of free toiletries from drugstores through sales and coupons. Once a year or so I donate these toiletries to a domestic abuse shelter. Can I take a tax deduction on the fair market … read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
Charitiable non cash deductions....I have a client who has
Charitiable non cash deductions....I have a client who has a lot of clothing that was bought from high end stores that were given to the Salvation Army and Good Will, most with tags still on them as s… read more
Charles Greiner
Charles Greiner
Owner
Bachelor's Degree
2,436 satisfied customers
I am forming a tax-exempt non-profit corporation designated as a charity.
I am forming a tax-exempt non-profit corporation designated as a charity. There is a commercial property that the non-profit would like to purchase for use as its headquarters. The space is also for l… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
I want to donate a rare baseball card, an antique coffee table,
I want to donate a rare baseball card, an antique coffee table, and some vacant land to charity. How is the dollar amount of my deduction determined? Does the charity give me a a letter with the value… read more
Wallstreet Esq.
Wallstreet Esq.
Tax Attorney
Doctoral Degree
586 satisfied customers
I have a commercial property that I have been unable to sell
I have a commercial property that I have been unable to sell and am considering donating it to a non-profit organization. Can I deduct all of the appraised value? What would be my main concerns? This … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
A corporation purchased 2 years ago computers for $90.000,
A corporation purchased 2 years ago computers for $90.000, for tax purposes expensed the entire amount. what is the tax deduction if given to charity, FMV is $ 40.000… read more
RD
RD
Self Employed
Master's Degree
1,164 satisfied customers
Donated wheelchair. What will be the value I can deduct under IRS?
I donated a used power wheelchair to a qualified charity, and I have a receipt. The value of the wheelchair was appraised by an expert at $5000, and I have that documented. The original cost of the wh… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I have several Fair Market Value (FMV) question variations. 1.
I have several Fair Market Value (FMV) question variations. 1. I buy MS Office specifically for donation to a non-profit ($330 at Amazon). Is the FMV the price that I paid? 2. I win MS Office as a doo… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I have a stock with a nice short term capital gain. I wish
I have a stock with a nice short term capital gain. I wish to donate it to my favorite legal charity. Q1. Do I have to declare the short term gain on my income tax? Q2. Can I write the entire final va… read more
RD
RD
Self Employed
Master's Degree
1,164 satisfied customers
If a donation of an item for a silent auction(ie sports tickets,
If a donation of an item for a silent auction(ie sports tickets, restaurant gift certificate etc) is made to a qualified charity...what is the value of the contribution for tax purposes? The FMV of th… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
what is the allowance for an autimobile, if I give my automobile
what is the allowance for an autimobile, if I give my automobile to a charity and the charity does not sell but uses it as a program car. The retail value of the car is $11,000. My gross income is akp… read more
RD
RD
Self Employed
Master's Degree
1,164 satisfied customers
1. If I go to a moving or estate sale or garage sale and buy
1. If I go to a moving or estate sale or garage sale and buy an item less than Fair Market Value and wait a year and a day to donate to a charity, will I be able to deduct Fair Market Value and not ju… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,605 satisfied customers
Where can I obtain a copy of a brochure that lists dollar ...
Where can I obtain a copy of a brochure that lists dollar amounts for donations. ex(shirts, pants, other clothing, furniture, cookware etc.}… read more
The Geezer
The Geezer
Master's Degree
120 satisfied customers
What is the amount of charitable contributions allowed each ...
What is the amount of charitable contributions allowed each of the following individuals before consideration of percentage limitations? (A) Charlie contributed an inventory item from his sole proprie… read more
RD
RD
Self Employed
Master's Degree
1,164 satisfied customers
i am thinking about donating a 1980 chevy chevette to ...
i am thinking about donating a 1980 chevy chevette to charity as a tax write off and i am wondering if this will be worth it. how can i find out how much of a tax deduction i will get and see if it wi… read more
Guru_Guy
Guru_Guy
Doctoral Degree
1,634 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