Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
Thank you in advance for any help! Background: I am a
Hello and thank you in advance for any help!Background: I am a self-employed sole proprietor (no employees) with estimated net profit of $115,000 for 2018 and am looking to maximize my tax-deferred sa… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,026 satisfied customers
I have a question. I work in the oilfield on a two week on
I work in the oilfield on a two week on two week off schedule. I contribute to my employers 401k and I contribute 5500 dollars to a Roth every year. … read more
Tax.appeal.168
Tax.appeal.168
Principal
8,682 satisfied customers
I recently changed jobs and my current employer doesn't have
I recently changed jobs and my current employer doesn't have a 401K and I am looking for options to fund my retirement accounts for the 2019 tax year. As I was researching for options, the Solo 401K s… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
6,058 satisfied customers
I recently changed jobs and my current employer doesn't have
I recently changed jobs and my current employer doesn't have a 401K and I am looking for options to fund my retirement accounts for the 2019 tax year. As I was researching for options, the Solo 401K s… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
6,058 satisfied customers
I am self-employed (sole). I am about to open a new IRA
Hi, I am self-employed (sole). I am about to open a new IRA account (Self Employed IRA), but not sure which one would be optimal for my situation (SEP, Solo 401(k) or SIMPLE IRA). Here is one major va… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,980 satisfied customers
I have a tax question. Regarding 401K solo. I understand
I have a tax question. Regarding 401K solo.I understand that a self employed May make him maximum contribution of $18,000 for 2017 If other rules are meant like self-employment income limits etc.There… read more
ABC Accounting Group
ABC Accounting Group
Bachelor's Degree
1,930 satisfied customers
If my employer doesn't offer 401k, what are some other tax
If my employer doesn't offer 401k, what are some other tax deferral strategies I can utilize to lower my taxable income? I make about $80k per year and I'm single.… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,026 satisfied customers
My daughter makes over 200K /yr and I've sugested a SEP IRA
My daughter makes over 200K /yr and I've sugested a SEP IRA because I read she could place up to 54K ,write that of due to deferred status. … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,382 satisfied customers
2016 retirement contributions Husband gross W-2 $190k,
2016 retirement contributions Husband gross W-2 $190k, covered by 403b Wife $10k net from schedule C; no W-2 What are our options for contributions? IRA SEP Can we choose Roth or not for each/either? … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,026 satisfied customers
I started a sole proprietor LLC in 2015. Am I eligible to
I started a sole proprietor LLC in 2015. Am I eligible to set up and contribute to a self-employment 401k? If so, what steps are required to do so?… read more
Anne
Anne
Master Tax Preparer
3,422 satisfied customers
How can I maximize tax savings for 2013 . Husband pays into
How can I maximize tax savings for 2013 . Husband pays into 401K I don't qualify for 401 K so I will contribute to Traditional IRA account for the year . What else can we do to lower tax liability at … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,980 satisfied customers
i own a company and work as self employed and get a 80k salary
i own a company and work as self employed and get a 80k salary this year. Now i have a 401k plan. My company will 25% of the w-2 income to my 401k So my tax deductioin this year is: 1. 20% of w-2 - 20… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,026 satisfied customers
I retired from federal government employment this year. I had
I retired from federal government employment this year. I had been using the Federal Thrift Savings Plan to defer income, which allowed me to defer up to $22,500 per year. Now that I am retired I can … read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
4,670 satisfied customers
Hi Steve! How are you doing? Good I hope. Heres my query:
Hi Steve! How are you doing? Good I hope. Here's my query: Can a Sch C Sole Prop take the maximum Simple 401K allowed AND the maximum to a Roth IRA (or even a Traditional IRA). I believe she can.… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
4,670 satisfied customers
I do not have a 401k at my work, therefore I am considering
I do not have a 401k at my work, therefore I am considering going out on my own as a self employed individual so I can take greater advantage of a sep-ira versus the regular ira tat I can only contrib… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,026 satisfied customers
Hi, I make regular automatic Roth IRA contribution. Last
Hi, I make regular automatic Roth IRA contribution. Last year towards the end of the year, I sold some stocks that bumped up my income bracket substantially, making me ineligible for roth contribution… read more
Bill
Bill
Master's Degree
2,074 satisfied customers
In 2009 I worked as a sole proprietor and established a Solo
In 2009 I worked as a sole proprietor and established a Solo 401K. In 2010 I worked part of the year as a sole proprietor and part as an employee of my new company. The new company did not offer a 401… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,026 satisfied customers
401K question My husband was 100% share-holder of C-Corp.
401K question: My husband was 100% share-holder of C-Corp. As of this year, he terminated the C-Corp. and operating business under the same business name but as sole proprietorship. The C-Corp. have 4… read more
Bill
Bill
Master's Degree
2,074 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