Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
I sold my interest in a business to my business partner in
Hello again! I sold my interest in a business to my business partner in December 2017 for 1.2 million to be paid out over a 4 year period with 300k agreed to be paid before the end of 2017 leaving a b… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I work in TN and live in AL. I was working as a contractor
Hello. I work in TN and live in AL. I was working as a contractor and the company hired me full time last week. They're telling me to rent a PO box or use someone else's address in TN on my W4 because… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,372 satisfied customers
I need the money from my IRA. if I withdraw the total amount
I need the money from my IRA. if I withdraw the total amount (a bit over 150k), how much tax will I pay, both state and fed, in Alabama. I am 60 years old - so no penalty - right? … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
4,994 satisfied customers
I am hoping to cash out my 401K to buy an investment
I am hoping to cash out my 401K to buy an investment property which I will rent out. My company allows me to take $140000 out. I make $110,000 a year as a single person and my taxes are pretty much th… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Hi Lane, new question A florida state resident is selling her
Hi Lane, new question A florida state resident is selling her NYS (Nassau County) vacation home. 1) What would the total capital gains tax be per $100,000 (not in NY city). 2)If she has not kept any b… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,882 satisfied customers
My family also has sold fill dirt to MDOT for a road project.
My family also has sold fill dirt to MDOT for a road project. I am interested in the tax percentage owed to the IRS for the sale.… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I inherited 109 acres of farmland on Oct. 3, 2011 and I am
I inherited 109 acres of farmland on Oct. 3, 2011 and I am in the process of selling it. I may mention that I live in GA and the property is in AL. I had a retrospective appraisal done and it came to … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Hi Randall, I have an issue about my estimated tax payments
Hi Randall, I have an issue about my estimated tax payments i am required to maketo the New Hampshire tax authorities. Blelow is my correspondance with an accountant on Just Answer. Customer: If i mad… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
4,670 satisfied customers
I owned 100% of a C-Corp in 2005, 2006, 2007. Made barely
I owned 100% of a C-Corp in 2005, 2006, 2007. Made barely any money...only a few thousand each year all of which was paid to myself. I didn't file anything for those years to the State for the C-Corp.… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
4,670 satisfied customers
Last year both I and my husband worked as self-employed. This
Last year both I and my husband worked as self-employed. This year I worked in January and then quit my job; he is still working. I want to know how to figure my quarterly payments now that the income… read more
Stephanie B.
Stephanie B.
Accountant
Master's Degree
560 satisfied customers
My salary income in 2010 will be about 220,000. Capital gain
My salary income in 2010 will be about 220,000. Capital gain from sale of residence is 260,000. I expect severance pay of 120,000. Should I go for severance in 2010 or shouldi I postpone it to 2011… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My Mother left me 26,000 dollars in a RCU 401K account and
My Mother left me 26,000 dollars in a RCU 401K account and I want to get in out. How much taxes do I have to pay on this to put it in an account in my bank.… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
A & B own 80% and 20% interest respectively in an LLC. In
A & B own 80% and 20% interest respectively in an LLC. In 2008, A wanted to transfer 40% of his interest to B without incurring a taxable event. How can he do it?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,424 satisfied customers
My mother in law purchased a home 3 months ago for $320k. We
My mother in law purchased a home 3 months ago for $320k. We are buying it from her. We have done all improvements to the house and have 20k in receipts not including labor costs. We would like to buy… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,424 satisfied customers
I work in AL and live in TN. I have done so since Oct of 2007.
I work in AL and live in TN. I have done so since Oct of 2007. When I started, I inquired about whether I needed to pay state taxes and was told no because TN has no state tax. To my surprise, my tax … read more
Anne
Anne
Master Tax Preparer
3,422 satisfied customers
My child is working, but no taxes of any type are being taken
My child is working, but no taxes of any type are being taken from her paycheck. I believe a W-9 was completed. How should we go about making sure that all taxes (state and federal), FICA and Medicare… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
If I pay 67,000 for a rental and sell it for 120,000 and ...
If I pay 67,000 for a rental and sell it for 120,000 and took in 36,000 for rent over the years ive owned it, about what am I looking at for gains tax. Also, I refied adding on 29,000 so the morgage i… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,424 satisfied customers
I purchased a house in 1995 for $83,500. It was my primary ...
I purchased a house in 1995 for $83,500. It was my primary residence until 2004, at which time I rented it out. My tentants have moved out and I was thinking of sell this home. I have taken some money… read more
RD
RD
Self Employed
Master's Degree
5,572 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