Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
My mom just gave my sister and brother $21,000 checks as
My mom just gave my sister and brother $21,000 checks as part of their “inheritance” just want to know who pays taxes. I believe it would be mother and it's a substantial amount because I don't think … read more
Barbara
Barbara
Enrolled Agent, Paralegal
6,440 satisfied customers
Can one accounting firm do a regular tax return for an
can one accounting firm do a regular tax return for an individual for 2017 and another accounting firm do a gift tax return for the same individual for 2017 or is the gift tax return part of the regul… read more
Tax.appeal.168
Tax.appeal.168
Tax Accountant
5,294 satisfied customers
Citizen. My daughter Is not USA citizen. She resident of
Hello! I am US citizen. My daughter Is not USA citizen. She resident of Italy. She asking me to help her to buy a property in Italy . and I did transfer to her some money about $200 000.00. Now, Do I … read more
Tax.appeal.168
Tax.appeal.168
Tax Accountant
5,294 satisfied customers
I had some errors on my 2015 Form 709 Part 2 line 7, .I
I had some errors on my 2015 Form 709 Part 2 line 7, … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
2,095 satisfied customers
My mother gifted me $125,000 down payment on a home. Will
Hello! My mother gifted me $125,000 for a down payment on a home. Will she have to pay a gift tax on this amount?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
My wife and I received an amount of money from my mother in
My wife and I received an amount of money from my mother in law which is to be used to take care of her as she has an illness and her daughter is now her legal caretaker (not my wife but her sister) T… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
3,285 satisfied customers
I inherited property and then gave the shares to my son. The
I inherited property and then gave the shares to my son. The property has been sold.Is this considered inherited property for income tax and what forms need to be filded?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Hi, my mother wants to gift me a building she own, it is worth
Hi, my mother wants to gift me a building she own, it is worth about $350.00. what are the tax consequences for her and me. Do I or my mom owes any taxes and is there a special forms needs to be fille… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
6,636 satisfied customers
Hi, my Mother is selling her house. She wants to give her
Hi, my Mother is selling her house. She wants to give her two daughters $75,000 each from the sale of the house. How can she give (gift) them this type of money while avoiding taxes. My father lives w… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,595 satisfied customers
If I gift my child $500,000, which is above the annual limit
If I gift my child $500,000, which is above the annual limit but want to claim exemption under the unified lifetime gift and estate limit of $5.12M, what form do I file and what are the deadlines?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
My father passed away last year listing me as primary beneficiary
My father passed away last year listing me as primary beneficiary on his life insurance policy. My parents were divorced, but he accidentally listed my sister as a secondary beneficiary instead of a c… read more
Shane-CPA
Shane-CPA
CPA, PFS, CGMA
251 satisfied customers
Can my mother give her two sons more than 13000.00 a year without
Can my mother give her two sons more than 13000.00 a year without paying a gift tax. It would be less than 175000.00 each.… read more
JKCPA
JKCPA
Certified Public Accountant (CPA)
Bachelor's Degree
1,809 satisfied customers
Hello, If my elderly Dad that lives with me wants to pay my
Hello, If my elderly Dad that lives with me wants to pay my mortgage loan off directly with money from his bank account, is that ok? Or does the IRS need some sort of reporting that he gave me money??… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,663 satisfied customers
I am in the process of purchasing in condominium in Mammoth
I am in the process of purchasing in condominium in Mammoth Lakes, CA. If I pay cash for this condominium ($157,000) do I have declare the cash on my 2009 income tax return? The funds are coming from … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I received a gift from my mother in June of approximately 900,000.
I received a gift from my mother in June of approximately 900,000. I am now preparing my as well as her quarterly taxes. I have used most of the income for her support do I declare all of the income f… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I have an uncle who has been hiding money from his wife for
I have an uncle who has been hiding money from his wife for years by stashing cash in a safe deposit box. He decides to use this money to make a loan to another family member. He doesn't want his wife… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
for what reason would a gift tax return need to be filed by
for what reason would a gift tax return need to be filed by jan. 31st? Someone filed a gift tax return a while back to forgive a loan I had w/them. In early jan. of that year they sent me a copy of th… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My mother is terminally ill and sold my brother her house ...
My mother is terminally ill and sold my brother her house for my half. She is then going to give the money to me. Do I need to pay any estate or gift taxes on it? SHe is on disability and does not fil… read more
Guru_Guy
Guru_Guy
Doctoral Degree
1,634 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