Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
At what rate is depreciation recapture taxed in 2018? is it
at what rate is depreciation recapture taxed in 2018? is it just at my ordinary income tax rate, or is there an add on or surcharge. The Cap Gain is 50K the Recapture is 13K, residential Rental held f… read more
Fred Rook
Fred Rook
Corporate Controller
BSBA
255 satisfied customers
As someone who is just starting a small business(PLLC) taxes
As someone who is just starting a small business(PLLC) taxes an S-corp, how should I view the concept of hiring an individual (financially) meaning is their salary reflect a 100% dollar per dollar ded… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
3,289 satisfied customers
I am selling a property For $500,000, no basis. I am in the
I am selling a property For $500,000, no basis. I am in the 15% tax braket. What % of the sale (if any) will be Federal taxable Capital Gain income? … read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,512 satisfied customers
lane,cpa, if a person has an income of 15,000 a year then sells
lane,cpa, if a person has an income of 15,000 a year then sells a non residence property for a capital gain of 200,000 do they pay capital gains taxes since they are in the lowest 2 tiers of income?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,604 satisfied customers
I inherited 120,OOO dollars worth of stocks and cashed out
I inherited 120,OOO dollars worth of stocks and cashed out a month ago. My wife makes aprox 40,OOO per year. There was an insignifigant capitol gains or loss in the time period I had these stocks. We … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,813 satisfied customers
wifes mother died 10 years ago and estate is not settled.
wife's mother died on 03/21/1999 and her brother is the administrator of the estate which is not settled yet but will be settleled by August of 2010. My wife died on 09/08/2009. I have stock worth abo… read more
Gerri A Harrison CFP EA
Gerri A Harrison CFP EA
Financial advisor/Tax preparer
Bachelor's Degree
252 satisfied customers
Re inherited ira cash out tax rate as ordinary income What
Re inherited ira cash out tax rate as ordinary income:What is the rate for recived cash out that I should receive in 2010 for an amount of $760,000.Its from my Mother estate she died in Nov 2009. I ne… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I invested 130k(capital), sold 30% of 40% share after little
I invested 130k(capital), sold 30% of 40% share after little more than 2 yrs for 600k. how much capital gain tax I will pay . will that be the only tax I pay or i have to pay capital gain and income t… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
When determing whether a 401k cashout will put you into a higher
When determing whether a 401k cashout will put you into a higher tax bracket do you look at your adjusted gross income or your taxable income? example: adjusted gross income 61,000 taxable income 34,0… read more
JKCPA
JKCPA
Certified Public Accountant (CPA)
Bachelor's Degree
1,809 satisfied customers
Hi...I writing you to help me to get some answers to some
Hi...I writing you to help me to get some answers to some questions I have. I am thinking of closing out my roll over IRA..because of financial problems. I was in contact with the invest firm that I h… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
My siblings and I recently sold my deceased fathers house
My siblings and I recently sold my deceased father's house for $100K. Is this money subject to inheritance tax and, if so, how much? Should we have it dispersed over time or in one lump sum?… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I have two Franklin High Income Funds Class A, I want to liquidate
I have two Franklin High Income Funds Class A, I want to liquidate them both, I am 85 years of age, what would be my taxes and penalties be?… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
In 2005 my husband and I sold our house for $20,000 less ...
In 2005 my husband and I sold our house for $20,000 less than what we owed. We divorced in 2006. In 2006 we received a 1099-C in both of our names. We filed our taxes seperatly in 2006. I claimed half… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
How can I give deductable money to my kids for collecge
I received a large bonus equal to 90% of my salary and need it for my 3 kid''s college. I''ve maxed my 401K contribution and am in the top tax braket Can I put money in a trust for my kids to pay educ… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,813 satisfied customers
Explain the difference between a tax credit and a tax ...
Explain the difference between a tax credit and a tax deduction? Which would help a 28% tax braket taxpayermost, a $2000 deduction or a $400 credit? Or a to a 15% tax braket taxpayer?… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
Tell me about the future of Capital Gains. I understand ...
Tell me about the future of Capital Gains. I understand that in 2008 capital gains will be eliminated or reduced? Does it stay at 15% for 06 and 07? Does it vary by income?… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
what is the tax rate for nfl players. is it the same as ...
what is the tax rate for nfl players. is it the same as everyone else depending on which tax braket they fall in or is it like i have heard that there is another tax braket for pro athletes?… read more
Joe Madden
Joe Madden
CPA
Bachelor Degree
Can my wife on J-2 visa file as a resident for tax perposes
Hi. My wife is on J-2 visa. Can she file as a resident for tax perposes. If we file as a non-resident alien (1040NR-EZ) we pay twice as much as a resident. Thanks. [email protected] 38167.4903009… read more
Paul Taliefero
Paul Taliefero
Enrolled Agent
Bachelor Degree
110 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