Tax

Have a tax question? Ask a tax Expert

Connect one-on-one with {0} who will answer your question

Related Tax Questions
My client has purchased a Walmart building, land, and lease.
My client has purchased a Walmart building, land, and lease. The contract is stated as follows: $5 million for building, $1 million for land, $7.6 million for lease purchase. The remaining Walmart lea… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
2,214 satisfied customers
A retail store building is in a capital lease arrangement
A retail store building is in a capital lease arrangement with a city in IL. The lease is treated as a capital lease and held by a partnership. The lease terminates April 2019. Management is contempla… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
2,214 satisfied customers
I need help filling out ca form 593c. The sale of my
the sale of my property is in escrow, and they need the form completed. i own a commercial property which i receive rent from a tenant in a building located in the front of the property, in the back is my residence; a single detached apartment located above 3 garages which i also occupy. i have owned and occupied the property since 2006. … read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,278 satisfied customers
A non-resident citizen from Mexico wants to buy an investment
A non-resident citizen from Mexico wants to buy an investment property in Long Beach, CA. Please note: He is physically in the USA approx. 30 days per year only. By investment property is a building t… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I received a 1099-Mis with an amount in box 7 of an
Hi, I received a 1099-Mis with an amount in box 7 for cancelation of an apartment lease. I was in an apartment building and it bought was out by another company. The buying company gave us cash for mo… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I understand a lesser should pay property taxes on a rented
I understand a lesser should pay property taxes on a rented commercial property, however Is it legal for a lessor to collect real estate taxes from a lessee?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,747 satisfied customers
If I have a commercial office that I bought through an LLC
If I have a commercial office that I bought through an LLC for $100,000. The loan payment, taxes and other charges per month are $8000/month. The lease payment received by the LLC is $1400/month. What… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I own an S-Corp.(and currently the only employee) So far this
I own an S-Corp.(and currently the only employee) So far this year we are very profitable. We currently have 100k in bank and would like to purchase a building(250K) along with another investor. what … read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
If a limited partnership which has depreciated all the apartments
If a limited partnership which has depreciated all the apartments on a tract of land net leases the land to a third party who tears down the apartment buildings ;does this in and of itself cause a cha… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,747 satisfied customers
This is for PD Tax. Often leases of business property are
This is for PD Tax. Often leases of business property are in the form of “net leases” which require the tenant to pay not only rent but some specified expenses of the landlord that are directly relate… read more
PDtax
PDtax
Owner
Master's Degree
4,333 satisfied customers
I want to sell my business LLC S-corp but currently the lease
I want to sell my business LLC S-corp but currently the lease does not expire for 4yrs. The landlord will not transfer guarantor do to the buyers financial status vs. mine. Is there a way to structure… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
I have a Property LLC that owns a commercial building that
I have a Property LLC that owns a commercial building that is leased to our other LLC, the operating LLC for our dog training business. The Property LLC bought a building this year. There were around … read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,099 satisfied customers
How would the life lease work - the small amount a month would
How would the life lease work - the small amount a month would be treated as housing allowance??… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
where would you report a lease purchase of a commercial building
where would you report a lease purchase of a commercial building , it is written up on the contract a s a lease purchase , but they also charged interest , on the amount paid , so would you report it … read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
plan to buy a building to open a grocery store. First choice,
plan to buy a building to open a grocery store. First choice, I an borrow money from the bank, interest is 7.86%, second choice I can borrow my family without interest. Which one is better for file ta… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,197 satisfied customers
Moira plans to retire around the beginning of 2010.
I need advice on this tax issue. I plan Moira plans to retire around the beginning of 2010. She had promised a friend that she would sell or lease the business to her. A sales price of 225,000. or a l… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I own a small property management company that manages ...
I own a small property management company that manages residential apartment buildings and commercial buildings. More recently we have started to lease individual homes and condominium units for mostl… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I HAVE A MINI STORAGE WAREHOUSE, I THINK I NEED TO SELL ...
I HAVE A MINI STORAGE WAREHOUSE, I THINK I NEED TO SELL IT. IT HAS BECOME TOO HARD TO MANAGE. I PAID $64,000 IN 1994 THE ACCUMULATED DEPRECIATION IS ABOUT $21,000. I THINK I CAN SELL IT FOR ABOUT THE … read more
Wayne Brasch
Wayne Brasch
Accountant and Business Consultant
Master Degree
718 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