Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
When selling our share of an LLC for $0, can we claim our
When selling our share of an LLC for $0, can we claim our loss on our personal tax return? … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
3,286 satisfied customers
I am filing a 1041 for a decedent's estate and have a few
I am filing a 1041 for a decedent's estate and have a few quick questions:1. The estate has a fiscal year of October 2016 to September 2017. Would I use the 2016 1041 form or the 2017 1041 form to mak… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
2,095 satisfied customers
Lane, My mother in law passed away in 2016. We filed a final
Lane,My mother in law passed away in 2016. We filed a final form 1041 for her. We just received a 2017 1099-R for life insurance. The gross distribution was 66K and the taxable amount is 7.7K. Is ther… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,603 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
4,305 satisfied customers
I had a client who had been mis-advised by an earler tax
I had a client who had been mis-advised by an earler tax "pro" who failed to incorporate him when he formed an LLC mid 2016. I did a 2553 election with reasonable cause and filed his tax return in lat… read more
taxmanrog
taxmanrog
Master's Degree
1,353 satisfied customers
S Corporations are note allowed to be members of another S
S Corporations are note allowed to be members of another S Corporation. I have an S Corp. client that invested in another S Corp. in 2016 and just received a K-1 from the S Corp they invested in. I ha… read more
Matthew Breecher
Matthew Breecher
President
MBA (Graduate Legal Studies)
286 satisfied customers
1. My Federal and State (AL) returns were rejected because
1. My Federal and State (AL) returns were rejected because My Adjusted Gross Income on my Federal form was incorrect. I filed last year with Turbo Tax and I have that file still on my computer but sin… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,603 satisfied customers
How can i determine the expiration date of my irs debt? I am
How can i determine the expiration date of my irs debt? I am aware of the tolling from an oic and bankruptcy & the several other things. I want to know the actual date the irs is using. I got my trans… read more
Matthew Breecher
Matthew Breecher
President
MBA (Graduate Legal Studies)
286 satisfied customers
A Texas LLC is taxed as a partnership, if it changes to a
A Texas LLC is taxed as a partnership, if it changes to a Sub S Corporation are there any taxes due?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,808 satisfied customers
Fiona, I re-read your answers. You said from the Federal
Fiona, I re-read your answers. You said from the Federal level the state return does not have to be mentioned. I understand. However, I think the state non-filing notice should be mentioned so the IRS… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
2,095 satisfied customers
I just received a 1099 which was issued to a Sub S Corp that
I just received a 1099 which was issued to a Sub S Corp that I had operated but dissolved. Can I show those on my personal taxes which have not been filed yet?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,603 satisfied customers
I have a Sub S corp client who received a Form 5471 (a
I have a Sub S corp client who received a Form 5471 (a foreign entity that they have about a 1% interest inc) where the reporting entity has a January 1, 2016 year end reported. Do we pick this up on … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,339 satisfied customers
When I filed my 1120s last year I marked final return,
When I filed my 1120s last year I marked final return, because I thought it was.....however I did have some final costs in 2015 that I want to deduct. Does it matter that I marked "final" on lats year… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
6,636 satisfied customers
A spouse resigned as a member of an LLC in 2013 leaving the
A spouse resigned as a member of an LLC in 2013 leaving the other spouse as the sole member of the LLC. The LLC had always filed the 1065 and issued the K-1's to both members. For 2013, the share of t… read more
Barbara
Barbara
Enrolled Agent, Paralegal
6,447 satisfied customers
Where does the IRS store the fact that you're an S-corp, not
Where does the IRS store the fact that you're an S-corp, not a C-corp.? Hello - i lost my 2553 Form electing S status. I did see one piece of correspondence showing '1120S' as my return type. But now … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,603 satisfied customers
I have a client with a sub-chapter S Corporation that stop
I have a client with a sub-chapter S Corporation that stop operating in September 2012. The corporation hasn't been officially dissolved yet. Can he mark the 2012 return as the final or must the final… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,808 satisfied customers
A client has two Sub S corporations - domestic located in California.
A client has two Sub S corporations - domestic located in California. He want to form an LP. He wants to take the assets (a track of land) owned by Sub S ONE and (liquidate, terminate, convert or dist… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
When a shareholder of an S-corp has sold his/her total interest
When a shareholder of an S-corp has sold his/her total interest (stock) in the company is the k-1 marked final for the tax year in which it was sold? If so, is there any documation from the IRS about … read more
Anne
Anne
Master Tax Preparer
2,361 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