Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
The identity of my client (business) was stolen. The theft
The identity of my client (business) was stolen. The theft got a lease for a truck under the business name. The payments for this lease were coming from the business checking account ( I guess the the… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,382 satisfied customers
Just Answer, I have a question concerning Sec 179 expenses
Hello Just Answer, I have a question concerning Sec 179 expenses and want to see if I have something right. I've got a tax client (husband and wife) who own an LLC with an S-Corp election. Can the S-C… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
4,994 satisfied customers
My Client uses personally owned trucks -100% use. He leases
My Client uses personally owned trucks -100% for business use. He leases the trucks back to his own LLC (owned 100% by him and his wife, taxed as a partnership). Can he lease a work truck to his own L… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
NY, S-Corp, Can I lease my Pickup truck to my S-corp ? I
NY, S-Corp, Can I lease my Pickup truck to my S-corp ? I have a very small S-corp, (I rent party tents & equipment in the summer months). I have just purchased a new pickup truck to use for making del… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I leased trucks to my business. How do I report this income
I leased trucks to my business. How do I report this income in my personal tax return file?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,472 satisfied customers
What are the tax advantages of selling my landscaping
What are the tax advantages of selling my landscaping equipment to a third party company that I own, and then leasing that equipment back to my landscaping company?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I am leasing (I do not have title to the vehicle) an automobile
I am leasing (I do not have title to the vehicle) an automobile (not a truck) in January 2015 in the name of my 100%-owned S Corp and use it 100% for business (I have another vehicle for personal use)… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,472 satisfied customers
Ok so if I become a share holder of the s corp, the title would
Ok so if I become a share holder of the s corp, the title would be in my name until the truck is paid off? Whose name would it be registered and insured under, the company? Would he have to put commer… read more
Barbara
Barbara
Enrolled Agent, Paralegal
15,104 satisfied customers
My husband and I have a truck financed under my name, not paid
My husband and I have a truck financed under my name, not paid off. My husband mainly uses it for work and would like his business to pay for it. His credit is poor and can't be added to the loan. Can… read more
Barbara
Barbara
Enrolled Agent, Paralegal
15,104 satisfied customers
I am the sole shareholder and employee of an S-Corporation.
I am the sole shareholder and employee of an S-Corporation. I have a vehicle I leased in my own name, and use a portion of it for business. I maintain mileage logs and all the necessary documentation.… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,972 satisfied customers
I own an s corp in Florida. I go to residences to do wrok
I own an s corp in Florida. I go to residences to do wrok in my truck and would like to know how I can legally get my company to pay my loan on my truck. I bought my truck personally about 4 months ag… read more
CFEPro789
CFEPro789
Fraud Analyst
Master's Degree
1,046 satisfied customers
I have a client who bought a big truck personally, then set
I have a client who bought a big truck personally, then set up an S corp. For some reason I do not understand, the S corp leases the truck from him. He drives the truck for the S corp and receives wag… read more
Phillip B, EA
Phillip B, EA
Tax Advisor
Bachelor's Degree
1,326 satisfied customers
I have an S corp, its a computer consulting /staffing business.
I have an S corp, its a computer consulting /staffing business. I am wondering if I can buy a comapny vehicle and write it off for 2012 tax year. I really do need a good vehicle to go and meet clients… read more
Phillip B, EA
Phillip B, EA
Tax Advisor
Bachelor's Degree
1,326 satisfied customers
My wife and I own an S-Corp in California. We are the shareholders
My wife and I own an S-Corp in California. We are the shareholders 50/50. It is a childcare center with over 100 kids. My wife ran the business as a sole proprietor for 10 years. We started the S-Corp… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,650 satisfied customers
We formed a LLC, with the option to be treated as an S corp.
We formed a LLC, with the option to be treated as an "S" corp. in Sept. We will be doing service work and will be purchasing a used truck, that has a weigh of 6,550 lbs. Should the vehicle be purchase… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,472 satisfied customers
I am considering leasing a truck to use in my business
I am considering leasing a truck to use in my business rather than purchase. I understand the lease payments are treated generally as operating expenses for tax purposes. My question has do deal with … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,472 satisfied customers
I work at my in-laws business. It route work so ...
I work at my in-law's business. It route work so there is a lot of driving involved (over 30,000 miles in 2006). They bought a new light truck for this task in Aug. 2004 and are making payments, so th… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,472 satisfied customers
Client who has an S Corp has leased a 2005 Pickup, on which ...
Client who has an S Corp has leased a 2005 Pickup, on which he was paying notes, to a partnership, in which he is also a partner. The partnership is paying the notes on the pickup directly to the bank… read more
RD
RD
Self Employed
Master's Degree
5,572 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