Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
Can an S-corp own a single member LLC (not a Qsub)? how
Can an S-corp own a single member LLC (not a Qsub)? how would the income/expenses be reported on the S-corp? what about liabilities on the single member LLC's side - are they reported on the S-corp re… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
9,340 satisfied customers
I have a Single Member LLC in Florida (disregarded for
I have a Single Member LLC in Florida (disregarded for federal tax purpose) that is owned by a Delaware LLC who has made the election to file as a Corporation Form 1120. Should we include the Florida … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
22,495 satisfied customers
Tax filings/ structure question: A holding S-corp is a
Tax filings/ structure question: A holding S-corp is a parent of a C-Corp. The subsidiary was declared on form 8869 and was approved. The C-corp was filing 1120 for 2020. Now they will have to file as… read more
Carter McBride
Carter McBride
LLM
9,162 satisfied customers
I have a bunch of related companies in California. They are
I have a bunch of related companies in California. They are owned by one couple. They would like to put them all under one company. They are all S Corps, which means if the parent company became the o… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
22,495 satisfied customers
I have a question where in I want help to decide the entity
I have a question where in I want help to decide the entity structure. Questions I have - 1) if this is a complicate structure and can be simplified 2) if the client doesn't want to simplify the struc… read more
Lev
Lev
Tax Advisor
60,896 satisfied customers
I have a question about deductible business expenses. 2019.
Second opinion] I have a question about deductible business expenses … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
22,495 satisfied customers
A parent S Corp owns a QSub as of 01/01/2018. Before
A parent S Corp owns a QSub as of 01/01/2018. Before becoming a valid QSub, the entity been filing as an 1120S for the past few years. For 2018, the parent S corp would file an 1120S including QSub tr… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
10,915 satisfied customers
Just came across an 1120s that elected a qsub election for 5
Just came across an 1120s that elected a qsub election for 5 subsidiaries in 2016.There was no final return filed for any of the subsidiaries. The subsidisries continue to file separate 1120s returns.… read more
Carter McBride
Carter McBride
LLM
9,162 satisfied customers
Lane, My client is a 100% S-corp owner. He wants to add a
Hello Lane, My client is a 100% S-corp owner. He wants to add a 35% partner and create DBA company with new EIN so to report old S-corp and new entity (with additional partner) activities separately. … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
22,495 satisfied customers
A LLC partnership has two capital accounts for its partners.
A LLC partnership has two capital accounts for its partners. A partner was bought out and now the single partner will be full owner of this LLC. The LLC that was once a partnership will now be a disre… read more
PDtax
PDtax
Owner
Master's Degree
6,722 satisfied customers
One owner has an S corp and an LLC. How to make LLC sub of S
One owner has an S corp and an LLC. How to make LLC sub of S corp. … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
22,495 satisfied customers
I have a client that has 2 LLC's, one is an operating
I have a client that has 2 LLC's, one is an operating business and one is a rental real estate holding company. They are currently being taxed as S Corps for 2015. For 2016, she would like them both r… read more
Lev
Lev
Tax Advisor
60,896 satisfied customers
I am a software engineer recently converting from a W2 employee.
I am a software engineer recently converting from a W2 employee. I found a contract in which I started working in early August, but I did not official incorporate until August 28th. My client is okay … read more
Lev
Lev
Tax Advisor
60,896 satisfied customers
LLC organized by another LLC - what form to use for tax filing.
LLC organized by another LLC - what form to use for tax filing. (LLC member is another LLC)… read more
PDtax
PDtax
Owner
Master's Degree
6,722 satisfied customers
S corp acquires 100% of the stock of an s corp and makes a
S corp acquires 100% of the stock of an s corp and makes a q sub election. When preparing the 1120S the QSub's assets, liabilities, and items of income, deduction and credit are treated as owned by th… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
Calendar year S corp (A) acquires 100% of the stock in a calendar
Calendar year S corp (A) acquires 100% of the stock in a calendar year S corp (T) on 09-30-09. Q-sub election is made 10-01-09. Sub T is deemed to be liquidated tax free into the Parent A under 332 & … read more
BK-CPA
BK-CPA
Bachelor's Degree
919 satisfied customers
can an s-corp invest in an llc. I heard that an s corp can
can an s-corp invest in an llc. I heard that an s corp can only be a member of an llc if the llc does not elect s status. When then do you advise an s election for an llc?… read more
RD
RD
Self Employed
Master's Degree
1,129 satisfied customers
what happen if you have to consolidate financial statements
what happen if you have to consolidate financial statements of a holding company llc other llc and a regular corporation c… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 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

6,077 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

877 satisfied customers

B.A., M.B.A, J.D.

Loren

Loren

Attorney

795 satisfied customers

Over 25 years practicing law

Robin D.

Robin D.

Senior Tax Advisor 4

24,361 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,667 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

< 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