Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
My partner and I purchased an apt building. We both
My partner and I purchased an apt building. We both contributed equal amounts of money but agreed to a 65/35%(me 65, partner 35) cash flow and equity split because I would be managing the property. Ou… read more
Mark Anderson
Mark Anderson
Attorney
Doctoral Degree
10 satisfied customers
Lev, I am doing a final corporate tax return for a C
Good evening Lev, I am doing a final corporate tax return for a C corporation and the business had a carryover NOL from prior years. This year was a final year and short year for the 100 percent share… read more
Lev
Lev
Tax Advisor
33,730 satisfied customers
How much tax would I have to pay on a 1/2 million medical
How much tax would I have to pay on a 1/2 million medical settlement( Hip replacement gone wrong? … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Can a lawyer who make $500K in a year incorporate as an S
Hi,Can a lawyer who make $500K in a year incorporate as an S Corp and allocate 70% of the annual company income thru a W2 and the rest as K1?My concern is that the IRS may classify the entire $500K as… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 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.
1,767 satisfied customers
My fiancé did not file taxes years 2014 or 2015. He
My fiancé did not file taxes for tax years 2014 or 2015. He works, he's not married, no kids, does not own a house. He does own commercial property that he rents out. Well technically his father owned… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I lost my Stepfather last year in April. I had been s full
I lost my Stepfather last year in April. I had been his full time care giver, we had been living off of his SS and 100 % service connected benefits from the VA. He handed me 2300 a month for our bills… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor's Degree
1 satisfied customers
TAX QUESTION:CAPITAL GAINS My cousin will transfer a
TAX QUESTION:CAPITAL GAINSHI! My cousin will transfer a condominium in my name,thru quit claim deed.But for a symbolic price of $1. He purchased the property in March 2012,and had used it as a rental.… read more
Lev
Lev
Tax Advisor
33,730 satisfied customers
We voted to dissolve our 2 person s-corp so we can retire
We voted to dissolve our 2 person s-corp so we can retire (age 76 & 70). We filed Articles of Dissolution with WA State & effective date is 10/23/15. We have 2 months and 15 days from that date to fil… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I'm a Freelance Theatrical Designer and my husband is a
I'm a Freelance Theatrical Designer and my husband is a salaried full-time employee. I gross about 35k/year and can write off about 20k/year in actual expenses. He grosses 75K. We own (paying a new mo… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I am married file jointly and am in the 15% tax bracket, I
Hello, I am married file jointly and am in the 15% tax bracket, I have a second home, its never been rented I would like to sell it, the base value is 40,000 and I think I can sell it for $200,000, ho… read more
Lev
Lev
Tax Advisor
33,730 satisfied customers
I have a client of mine that has an C corporation with an
I have a client of mine that has an C corporation with an apartment as an investment. in 2014 the other accountant close the c corporation with 104K of accumulated loss and quick claim deed the proper… read more
Lev
Lev
Tax Advisor
33,730 satisfied customers
A little over my head here. I'm ready to tip accordingly. :)
A little over my head here. I'm ready to tip accordingly. :) A client closed their business (restaurant) after many years. The last few years were poor. They have been setup as a C-Corp since day one.… read more
Jonathan Tierney
Jonathan Tierney
MBA
295 satisfied customers
Foreign oorp Sold apt in 2013 $18 million and dissolved NYS
Foreign oorp Sold apt in 2013 $18 million and dissolved NYS corp after sale in 2014. Paid all related taxes for form1120F, NYS Form CT3, and NYC Form 3L in 2013 as final tax returns. Question : NYC se… read more
Lev
Lev
Tax Advisor
33,730 satisfied customers
In April of 2013, I liquidated my sons UTMA account in order
In April of 2013, I liquidated my son's UTMA account in order to pay for college tuition. When I did this, he was 3 months away from his 18th birthday. At the time, we were seriously concerned about t… read more
Lev
Lev
Tax Advisor
33,730 satisfied customers
Hey Steve! hope youre staying cool out there. I have a dissolved
Hey Steve! hope you're staying cool out there. I have a dissolved S corp. One shareholder with no stock basis. Almost all the assets at the date of dissolution were fully depreciated, but have some FM… read more
taxmanrog
taxmanrog
Master's Degree
1,175 satisfied customers
I am asked to answer a question for home work and I do not
I am asked to answer a question for home work and I do not understand how to calculate the after tax yields on the foregoing investments. This question is online, however, I do not want to copy the an… read more
Dr Arthur Rubin
Dr Arthur Rubin
Doctoral Degree
24 satisfied customers
We are do to get an inheritance in the next few months ..
We are do to get an inheritance in the next few months .. it is estimated at 2.4 million . we were told that if one of the houses were kept and not sold for cash that would lower the tax we are being … read more
Lev
Lev
Tax Advisor
33,730 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