Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
I have "engineers" who's responsibility is to go to clients
I have "engineers" who's responsibility is to go to clients to address issues. However, when NOT going to a client, they come into the home office or work from home. About half of these employees have… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
2,106 satisfied customers
TAX ATTORNEY OR CPA ONLY - In closing a business down, after
TAX ATTORNEY OR CPA ONLY - In closing a business down, after having a formal appraisal done, preceding distribution of assets, what should and shouldn't be added to Quickbooks? For instance, should ba… read more
PDtax
PDtax
Owner
Master's Degree
4,306 satisfied customers
Mastros. I am the managing partner of a Photography &
Hello, my name is***** am the managing partner of a Photography & Graphic Design business that was recently formed with 2 other owners. Any business done since being formed has been performed by mysel… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,606 satisfied customers
Assume the members of ABC, LLC are either S Corps or an LLC
Assume the members of ABC, LLC are either S Corps or an LLC which are each owned 100% separately by three guys running ABC, LLC. Can the three guys draw salaries as employees of ABC, LLC. Can the memb… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,814 satisfied customers
I need advice. I work in the medical industry. years, I was
I need advice. I work in the medical industry. For several years, I was an independent contractor and have an LLC in the state of Texas. However, a couple of years ago, I was changed to a W2 salaried … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
how do you treat a corp owner company provide vehicles for
how do you treat a corp owner company provide vehicles for tax purposes. I'm asking do the owners need anything added to their w2 when the company provides a vehicle… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,814 satisfied customers
If company auto is purchased and its for one of the shareholder-owners,
If company auto is purchased and its for one of the shareholder-owners, can we claim hybrid car tax credit only on particular owner's car/write off any other expenses? Or if we already put it as a fix… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,814 satisfied customers
I currently have a doctors office with chiropractic and naturopathic
I currently have a doctors office with chiropractic and naturopathic doctors, that is an LLC. For other legal reasons I am going to dissolve the LLC and form two new businesses. One will be the naturo… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I have a Texas DBA for oil and gas marketing. I am interested
I have a Texas DBA for oil and gas marketing. I am interested in a LLC for liability and tax purposes. Is this the best way to go for a one person company. I generate on average 150,000-500,000 per ye… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,814 satisfied customers
I am a Florida resident working for a C-corporation established
I am a Florida resident working for a C-corporation established in every state including Florida, I am able to work (as employee, W2) via Internet and do go to other states while working for various r… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
3,104 satisfied customers
I started an LLC about two years ago. I am the sole "employee"
I started an LLC about two years ago. I am the sole "employee" of my company and I hire contractors ( here and overseas) to do the programing for my products. This year the company grew so much and I … read more
winktax
winktax
Enrolled Agent
Master's Degree
425 satisfied customers
LLC-Basis-Loss Carry-forwards. Help me better understand
LLC-Basis-Loss Carry-forwards. Help me better understand LLCs. Owner took draws of $200k(shown on balance sheet not included in below profit amount) in 2011 and corporate loans increased by $50k. Owne… read more
William Ellis, CPA
William Ellis, CPA
Master's Degree
241 satisfied customers
We are a husband and wife small business owner of an LLC, filed
We are a husband and wife small business owner of an LLC, filed as an S corp I believe. Husband is 95% owner of company and I'm 5% owner. (I've just recently began working with my husband as I was emp… read more
Stephanie B.
Stephanie B.
Accountant
Master's Degree
556 satisfied customers
What is the best way to write of business vehicle expenses
What is the best way to write of business vehicle expenses? First as an LLC -- too new to have credit to buy truck but is for the business -- can the LLC make the loan payments, pay for fuel and maint… read more
Jax Tax
Jax Tax
Senior Tax Attorney
Master's Degree
1,394 satisfied customers
Just started an LLc in sc..insurance ( been reporting personal
Just started an LLc in sc..insurance ( been reporting personal on Sch C ) ..am I better to take a small salary..say 25K( or smaller )....pay the taxes,medicare etc and report qtr to irs..or take divid… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,814 satisfied customers
Need to set up an entry on my salary check (I am a greater
Need to set up an entry on my salary check (I am a greater than 2% owner in an S corp)to have my health insurance premiums I pay show up in Box 1 of my W2 without showing up in boxes 3 or 5 and with a… read more
BK-CPA
BK-CPA
Bachelor's Degree
919 satisfied customers
I have a new subS corp this year 2009. I am the sole shareholder
I have a new subS corp this year 2009. I am the sole shareholder and the only employee. I have an SEP IRA setup to receive any retirement contributions. Can the subS write a check to the retirement ac… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Lets say the S-Corporation or LLC makes a small profit, but
Let's say the S-Corporation or LLC makes a small profit, but the owner of the S-Corporation or LLC doesn't make enough money to pay a reasonable salary. How should the owner handle the issue of paying… read more
RD
RD
Self Employed
Master's Degree
1,164 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