Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
The age old question, dividend versus salary. I make about
The age old question, dividend versus salary. I make about 120,000 per year as a salaried employee of another company. I am also President(100% share owner) of a C Corporation. That C Corporation has … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,156 satisfied customers
If I have 3 S corps and take a salary, let's say $20k from
If I have 3 S corps and take a salary, let's say $20k from each over the year, is the IRS going to look at that as too low, or will they look at the big picture (I split my time managing all 3 and the… read more
PDtax
PDtax
Owner
Master's Degree
9,530 satisfied customers
I'm 46 and have $290,000 in my 401k and $50,000 in savings.
I'm 46 and have $290,000 in my 401k and $50,000 in savings. I want to quit my very stressful job and use my 401k to pay off my remaining $175,000 mortgage. After all the penalties for 401k withdrawl w… read more
PDtax
PDtax
Owner
Master's Degree
9,530 satisfied customers
What is the simplest way to evaluate a truck (tractor/18
What is the simplest way to evaluate a truck (tractor/18 wheeler) parts and equipment business?… read more
PDtax
PDtax
Owner
Master's Degree
9,530 satisfied customers
, Can I set up a SEP plan and contribute 25% of profit
Hi, Can I set up a SEP plan and contribute 25% of profit from Schedule C. (I did not take any salary from the self employment though). I'm making estiomated taxc payments on the assumed profits, but n… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
, Lane. I have a question about my business's 401k plan.
Hi, Lane. I have a question about my business's 401k plan. I have a single-member LLC which files tax as a corportation. I set up a 401k plan for small business and put in 20k in the plan. My question… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,882 satisfied customers
In 2014, I held two jobs in the state of Ohio, one in which
In 2014, I held two jobs in the state of Ohio, one in which I was a tipped employee. All of my income for the tipped position was reported, subject to tax, and paid to me via paycheck. Both federal in… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,590 satisfied customers
Hello. I am moving jobs, and the new outcome will be one part
Hello. I am moving jobs, and the new outcome will be one part time position and a position with a variable income, depending on how much I work. I am anticipating working about part time hours at job … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Can the same individual be am employee and 1099 contractor
Can the same individual be am employee and 1099 contractor for the same business entity. For example, regular salary is paid as W2 but commissions are processed as 1099 payments. Is it a red flag for … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,882 satisfied customers
Separate from my full time job, I own and operate with one
Separate from my full time job, I own and operate with one other person a number of real estate properties whereby I earn additional self-employed income. We have no employees. Some of the properties … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,882 satisfied customers
Are capital gains taxes calculated any different if all gains
Are capital gains taxes calculated any different if all gains are used only to pay of 1st and 2nd mortgages, with no profit (for rental)? Example: Property Type: Rental Location: California Purchase p… read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,512 satisfied customers
My sister is getting a check from a co-worker for $50,000 because
My sister is getting a check from a co-worker for $50,000 because he is inheriting about $6 million. She plans on giving me half of the $50,000. Will she have to pay gift tax on the half she is giving… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
As treasurer of our church I prepared a 2011 1099 for our pastor
As treasurer of our church I prepared a 2011 1099 for our pastor who is paid 2x a month with no with-holdings as has been the practice of our church in the past. Our new pastor wants a W2 as well. We … read more
Charles Markham
Charles Markham
Principal
Masters Science Taxation
780 satisfied customers
Hello. im a telecom technician and i was hired by a consulting
Hello. i'm a telecom technician and i was hired by a consulting staffing co,as a full-time w-2 employee in jan/11,after 3 months i switched to become a sole-proprieter/ and created a business debit ac… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,590 satisfied customers
Is it better to charge the corp rent or do a home office?
I have a well-established and profitable one-person S-corporation. I own a house I purchased in 2008 for $525,000. The house will be placed in an LLC as I am considering renting it as a vacation home … read more
Anne
Anne
Master Tax Preparer
3,422 satisfied customers
are correctional officers able to take a per day deduction
are correctional officers able to take a per day deduction for meals or being in a locked facility, without a lunch? if so, what amount and under what section o the tax code is it in… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
A tax litigator suggested that I have my employer amend my
A tax litigator suggested that I have my employer amend my W2's for 2005, 2006, 2007 as "statutory employee" (showing in Publication 17), so I can fully write-off my receipts instead of being held to … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I am married, and make roughly $40,000 a year. I have a ...
I am married, and make roughly $40,000 a year. I have a second job earning $400 a week 9 months of the year. My wife has a part-time job and unemployment benefits giving her income of about $400 a wee… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 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