Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
Lane; this is a clarification question from yesterday. If a
Hi Lane; this is a clarification question from yesterday. If a deceased taxpayer had a joint account with one of her children; can that child withdraw funds from that account as though it was their ow… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,940 satisfied customers
I am the successor trustee to my recently deceased fathers
I am the successor trustee to my recently deceased fathers revocable trust account in Florida for which he was the sole grantor and trustee. There are four daughters all named in the trust as 1/4 shar… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,190 satisfied customers
What is the better way to fund the trust: making the trust
What is the better way to fund the trust: making the trust the beneficiary of one's bank accounts, etc., or changing the name on the accounts to the name of the trust? And what is the difference in th… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
6,024 satisfied customers
I have a portfolio of mutual funds at Fidelity. I worry
I have a portfolio of mutual funds at Fidelity. I worry about the estate tax. Are mutual funds exempt? … read more
Lev
Lev
Tax Advisor
33,994 satisfied customers
I have several questions regarding filing taxes for a
I have several questions regarding filing taxes for a deceased person and specifically, a question on Part II on the Form 1310 "Statement of Person Claiming Refund Due a Deceased Taxpayer." … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,800 satisfied customers
I'm 67 years old and live in Iowa. I know that a nursing home
I'm 67 years old and live in Iowa. I know that a nursing home is in my not too distant future. In order to qualify for state aid, I'm interested in transferring (with minimal tax consequences) the fun… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
My father just passed away leaving my 94 year old mother with
My father just passed away leaving my 94 year old mother with decisions to make about her assets - she held everything jointly so everything has transitioned smoothly, and we are trying to accomplish … read more
CFEPro789
CFEPro789
Fraud Analyst
Master's Degree
1,046 satisfied customers
Which schedule on form 706 do money market accounts go if they
Which schedule on form 706 do money market accounts go if they are POD made out to a daughter?… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,104 satisfied customers
I live in Arizona and my wife will retire in 18 months. She
I live in Arizona and my wife will retire in 18 months. She is currently in a defined benefit pension which allows her to name either myself or our 28 year old daughter as beneficiary in the event of … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,940 satisfied customers
For USTAXADVISING : We file our taxes in USA as married
For USTAXADVISING : We file our taxes in USA as married filing jointly . We are indian citizen living in MN State on US Green Card . Please clarify the below : (1) If i deposit or keep money in the sa… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,670 satisfied customers
I inherited both cash and stock accoutns from my wife who recently
I inherited both cash and stock accoutns from my wife who recently passed. If I put those accounts in both my name and my daughter's name will she be subject to gift tax or any other tax?… read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,512 satisfied customers
My wifes mother passed away last December. Her father pre-deceased
My wife's mother passed away last December. Her father pre-deceased her mom two years before that. Her mother's Will names my wife and her sister as the sole heirs and beneficiaries. Her home is owned… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
MY WIFE DIED RECENTLY, I REPLACED HER AS JOINT OWNER ON SOME
MY WIFE DIED RECENTLY, I REPLACED HER AS JOINT OWNER ON SOME MUTUAL FUNDS WITH MY DAUGHTER. ARE THERE ANY TAX IMPLICATIONS? IF SO, THAN I PLAN TO TAKE MY DAUGHTER OFF JOINT OWNERSHIP AND BECOME SOLE O… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,104 satisfied customers
A client recently added her name on a joint owner to a mothers
A client recently added her name on a joint owner to a mothers account that was in a nursing home, she was power of attorney and thought for some reason she would have better control of the funds. The… read more
Bill
Bill
Master's Degree
2,074 satisfied customers
My daughter is a college student with a job. she made $9600
My daughter is a college student with a job. she made $9600 last year and used her school address for her job. So, her w-2 shows a West Virginia address. I live in New Jersey. 1. Can I still claim her… read more
RD
RD
Self Employed
Master's Degree
5,572 satisfied customers
My mother passed away this past summer and my sister was incharge
My mother passed away this past summer and my sister was incharge if taking care of her estate after her death per her will. The estate value was only around $68,000.00 dollars (cash in her bank accou… read more
RD
RD
Self Employed
Master's Degree
5,572 satisfied customers
my daughter direct deposit her refund check into her ...
my daughter direct deposit her refund check into her boyfriends checking account. He closed the account before the check got there.So when the refund check came though, where he owned money on the acc… read more
Lou
Lou
High School or GED
272 satisfied customers
IF I place my daughter as Beneificiary on a $100,000 ...
IF I place my daughter as Beneificiary on a $100,000 CD and I died what tax would she owe?… read more
Sandi Hargrove, SkyHawks
Sandi Hargrove, SkyHawks
Master Tax Pro and Enrolled Agent
Master Degree
666 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

18,800 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