Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
EMAIL ME SECTION 4943(c) of the Internal Revenue Code.
PLEASE EMAIL ME SECTION 4943(c) of the Internal Revenue Code … read more
Barbara
Barbara
Enrolled Agent, Paralegal
15,052 satisfied customers
Lane, I have a client who has a C corp and a Partnership
Hi Lane,I have a client who has a C corp and a Partnership LLC. The partnership has a general partner and a limited partner. The limited partner is going to be transitioned out of the partnership and … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,506 satisfied customers
NY C Corporation ABCD owns real property (called BUILDING)
NY C Corporation ABCD owns real property (called BUILDING) that it bought decades ago for $20,000. ABCD has 4, 25% shareholders: A B C and D A sells its share to X in year 1 for $10,000 B sells its sh… read more
taxmanrog
taxmanrog
Master's Degree
2,932 satisfied customers
If a s-Corp shareholder buys Corp treasury stock at less
If a s-Corp shareholder buys Corp treasury stock at less than the redemption price can he claim a loss on his tax return?… read more
PDtax
PDtax
Owner
Master's Degree
9,534 satisfied customers
I own a small business (and S-Corp) where the only stockholders
I own a small business (and S-Corp) where the only stockholders are me and my husband. How do we transfer shares to our children? Can we transfer shares to them since they are minors?… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,506 satisfied customers
Overseas stock transfer to a us corporation. is any tax
overseas stock transfer to a us corporation. is any tax involved? stocks will be transferred without any money involved.… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,448 satisfied customers
What is the federal tax effect(s) of having a S Corp create an LLC (disregarded entity) an
What is the federal tax effect(s) of having a S Corp create an LLC (disregarded entity) and conducting all business from LLC (100% owned by the original S Corp). The reason for the LLC is to later tak… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,506 satisfied customers
Can an S-Corporation buy back 100% of it's shares from the
Can an S-Corporation buy back 100% of it's shares from the sole shareholder on debt alone (issuing the sole shareholder a promissory note in return)? If the S-Corp can do this, then can it proceed to … read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
4,670 satisfied customers
Question re foreign income & taxes; ABC is a C Corp in USA
Question re foreign income & taxes; ABC is a C Corp in USA - with 100% stock owned by John - a US citizen. XYZ is a corp in Bermuda. John owns 100% of shares in XYZ. ABC signs a contract with XYZ to m… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,506 satisfied customers
what are the advantages/ disadvantages of structuring a company
what are the advantages/ disadvantages of structuring a company as an LLC,S corp or C corp?… read more
taxmanrog
taxmanrog
Master's Degree
2,932 satisfied customers
Can I invest in an IRA -REIT which I am a "principal" ...and
Can I invest in an IRA -REIT which I am a "principal" ...and comply w/ IRS requirements for deductibility… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,448 satisfied customers
I am a co-founder and 50% owner of a small c-corp company.
I am a co-founder and 50% owner of a small c-corp company. I'd like to exit my position but my partner does not have enough money to directly buy my shares and it is unlikely that I can find a 3rd par… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
Majority shareholder provided loans to C corporation (Borrower)
Majority shareholder provided loans to C corporation (Borrower) via a related C corporation (Lender). Loan agreement required real and personal property deeds as collaterial on loan. Borrower C Corpor… read more
L Dietz CPA
L Dietz CPA
Certified Public Accountant
Bachelor's Degree
24 satisfied customers
In the following IRC reg. 11.5 Disqualified Persons
In the following IRC reg.: 11.5 Disqualified Persons Under the IRC. IRC §4975(e)(2) provides in pertinent part: (2) Disqualified person. For purposes of this section, the term "disqualified person" me… read more
BK-CPA
BK-CPA
Bachelor's Degree
972 satisfied customers
A follow up question on related party transactions with this
A follow up question on related party transactions with this scenario: 1. ABC, LLC is a Manager Managed LLC, with a sole owner/member named Bob who serves as the President (officer). The Manager is Ca… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
3 Month old LLC with S corp. option. Initially the manager
3 Month old LLC with "S" corp. option. Initially the manager put $700. into company, and 2nd individual put in $300. The second is not working in the corp. There will be apx. $19,000 profit in the "S"… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I was approached in January 2008 by my two partners and told
I was approached in January 2008 by my two partners and told they wanted to buy me out. Their buyout offer was not acceptable so I retained a lawyer to represent my interests. I paid $2800 for the lay… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
2,158 satisfied customers
Shareholders in a closely held company borrowed funds to ...
Shareholders in a closely held company borrowed funds to buy out other shareholders. What are the tax ramifications for the shareholders who borrowed the funds? Do they adjust their basis?… 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