Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Barb still confused on how to handle this. An Ohio IT 4708…

Customer Question
Hi Barb still confused on...
Hi Barb still confused on how to handle this. An Ohio IT 4708 was filed on my behalf and I am not paying my portion of the tax owed until 2018 so can I still claim that on the 2017 return for the Pass-Through Entity Credit?
Submitted: 1 month ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 2 minutes by:
3/13/2018
Tax Professional: Barbara, Enrolled Agent replied 1 month ago
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 5,820
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
Verified

Thank you for requesting me.

The 20% deduction does not take effect until the 2018 tax year, which will be filed in early 2019.

Ask Your Own Tax Question
Customer reply replied 1 month ago
I am using Turbo tax and if I put my payment in that I made in Jan 2018 I get a portion back if I don’t put it in it has me paying in again? This is where it asks for the amount of Ohio credit paid in my behalf. Sorry to be such a pain but it is really confusing me because the amount of money made was so small I wouldn’t think I would have to pay twice.
Tax Professional: Barbara, Enrolled Agent replied 1 month ago

If you are talking about an estimated payment you made in January of 2018 for 2017, then you would include the amount on your 2017 tax return.

Ask Your Own Tax Question
Was this answer helpful?
Ask Barbara Your Own Question
Barbara
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 5,820
5,820 Satisfied Customers
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.

Barbara is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

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

4,451 satisfied customers

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

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

56 satisfied customers

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

Robin D.

Robin D.

Senior Tax Advisor 4

15,124 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 >

Related Tax Questions
I sent in an amended return for 2016. My turbo tax
Hi - I sent in an amended return for 2016. My turbo tax information said I would be refunded $1632.00. I just got a check for over $5,000 from the IRS and I'm confused. I think it's a mistake but if n… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I have filed my 2017 return through turbo-tax which was
I have filed my 2017 return through turbo-tax which was accepted by the IRS. I underestimated my health care supplement by $7,000. I paid that in my return & if I opened an IRA for $5,000.00 how would… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I filed my husband and my taxes through Turbo Tax. I went
I filed my husband and my taxes through Turbo Tax. I went back to preview and noticed that my husband's information did not download. The refund has been deposited into our checking account. What do I… read more
Barbara
Barbara
Enrolled Agent
5,820 satisfied customers
Does Turbo tax have a tool for estimating 2018 taxes under
Does Turbo tax have a tool for estimating 2018 taxes under the new Tax Act? … read more
Barbara
Barbara
Enrolled Agent
5,820 satisfied customers
Are you associated with turbo tax. Is there a charge for
is there a charge for this chat since this is what came up under turbo tax … read more
Barbara
Barbara
Enrolled Agent
5,820 satisfied customers
I e-filed my taxes through Turbo Tax on April 6. I have not
I e-filed my taxes through Turbo Tax on April 6. I have not heard anything from them and it is impossible to get hold of them by phone or email. Is there any way I can check if the returns were receiv… read more
Barbara
Barbara
Enrolled Agent
5,820 satisfied customers
I filed my tax through turbo tax and it said I was to get a
I filed my tax through turbo tax and it said I was to get a refund of over $15000. Today I have a notice that I owe them $16468. … read more
Barbara
Barbara
Enrolled Agent
5,820 satisfied customers
Turbo tax says that we cant deduct an an traditional ira
turbo tax says that we cant deduct an an traditional ira because we made over 196,000 We didnt make that much. … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Are hearing aids deductable, no I'm using turbo tax, on my
are hearing aids deductable JA: Have you talked to a tax professional about this? Customer: no I'm using turbo tax JA: Are you using TurboTax online? Or software installed on your computer? Customer: … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,124 satisfied customers
What forms are needed with my tax return. Turbo Tax printed
What forms are needed with my tax return. Turbo Tax printed about 50 sheets and I have not been able to figure out which sheets are needed besides the four tax return forms are necessary. I believe Sc… read more
Barbara
Barbara
Enrolled Agent
5,820 satisfied customers
I filling my tax return from turbo tax. At final, I was
I filling my tax return from turbo tax. At final, I was asked my last year AGI, I m unable to answer due to I lost my document . How should I do? … read more
abci168
abci168
Principal
27 satisfied customers
I electronically filed my 2017 return using Turbo Tax.3
I electronically filed my 2017 return using Turbo Tax.3 weeks later the IRS sent me a letter saying they were reviewing my return. I haven't received any further notice from them and can't get a live … read more
ABC Accounting Group
ABC Accounting Group
Bachelor\u0027s Degree
828 satisfied customers
With the new tax bill what is the impact on pass through
With the new tax bill what is the impact on pass through income for LLC's 2018 income? … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Turbo tax suggested using standard deductions because of
turbo tax suggested using standard deductions because of lack of deductions (return of $1867). I reviewed my deductions and found two I missed, this increased my return to $2963. Some how the standard… read more
Fred Rook
Fred Rook
Corporate Controller
BSBA
125 satisfied customers
We live in California. I'm doing taxes through turbo tax.
We live in California. I'm doing taxes through turbo tax. After putting my husbands information in, he is a deputy for LA county sheriff, it asks to check a box for paid family leave if all or some of… read more
Barbara
Barbara
Enrolled Agent
5,820 satisfied customers
I need to verify that my tax return was filed by Turbo Tax.
I need to verify that my tax return was filed by Turbo Tax … read more
Barbara
Barbara
Enrolled Agent
5,820 satisfied customers
I filed tax Yr 2015 electronically through Turbo Tax and I
I filed tax Yr 2015 electronically through Turbo Tax and I would like to get a copy of my return. How to proceed?… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
20% tax deduction for pass through entities is limited for
Hi there. 20% tax deduction for pass through entities is limited for service providers like doctors. My question is: An S-Corporation provide medical billing services like sending claim, collecting mo… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,082 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.

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