Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
One more topic! Me and my friends made an investment in one
Hi Barbara: One more topic! Me and my friends made an investment in one of the S Corps. The CEO cum promoter submitted a FS showing profit and issued K-1 ( though profits not distributed) . Me and my … read more
Barbara
Barbara
Enrolled Agent, Paralegal
15,018 satisfied customers
I am a partner in a 1065 partnership in Texas. There were 3
I am a partner in a 1065 partnership in Texas. There were 3 partners, each with 33.3333% since 2007 when we started. As of 01-01-2017 two of us bought out the third partner so we each have 50% and the… read more
Mike-USACPA
Mike-USACPA
President
124 satisfied customers
Has IRS improved their K1 Document Matching Program since
Has IRS improved their K1 Document Matching Program since 2012? I understand that their software was not good at matching at that time, and was not picking out individual taxpayers who were non-compli… read more
Carter McBride
Carter McBride
Certified Public Accountant (CPA)
LLM
1,534 satisfied customers
I was missing a K-1 when I filed last year. I worked with
Hi, I was missing a K-1 when I filed last year. I worked with Turbotax once I got it to fill out a new form, but it showed the K-1 wouldn't have changed the amount. Do I still need to file an ammendme… read more
Patrick Mullis
Patrick Mullis
Masters
38 satisfied customers
1. I received the final K-1 in 2015 but did not calculate
1. I received the final K-1 in 2015 but did not calculate the loss to apply to taxes because I did not have significant income (not tax liability) that year to use the loss against. The K-1 is from an… read more
PDtax
PDtax
Owner
Master's Degree
9,530 satisfied customers
I have a client that received 2 K-1's from an estate for
I have a client that received 2 K-1's from an estate for 2016. One of the K-1's were period 7/1/16 - 12/31/16. For the same estate I also received a K-1 for 2015 for the period 7/8/15- 6/30/16. Can I … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,440 satisfied customers
A non resident alien received his social security number in
A non resident alien received his social security number in 2016, he needs to file 2013, 2014 and 2015 tax returns which are past due. Is it proper to use his current social security number on the pas… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
4,994 satisfied customers
We have a 3 member LLC, that was formed in August 2014. We
Hi we have a 3 member LLC, that was formed in August 2014. We didn't have income in both 2014 and 2015, we however had expenses that we deducted in schedule C, how do we properly file a our business r… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,902 satisfied customers
Stephen,I have an NOL filing question. I have a single
Hi Stephen,I have an NOL filing question. I have a single member LLC who files a ;Schedule C. He has an NOL in 2013 and 2014. I know time has lapsed for filing a 2013 loss carryback. So I plan to file… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,094 satisfied customers
My daughter had a partnership that was dissolved in 2014.
Customer: ***** *****, My daughter had a partnership that was dissolved in 2014. She had a huge loss on her K1 that year. She was a 51% general partnet. The loss was from 3 bakeries that she had opera… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
Preparing 2014 form 1040 and have form k-1 net capital gain
Preparing 2014 form 1040 and have form k-1 net capital gain totaling 4,500 that needs to be reported on form6781 and schedule d as 60% LTCG and 40% STCG. I am okay with 2014 reporting the IRS sec 1256… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,440 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
15,018 satisfied customers
I filed for an extension for 2013 taxes on April 11, 2014.
I filed for an extension for 2013 taxes on April 11, 2014. On April, 14, 2014 i lost my home from a no fault fire. I claimed my losses on my 2013 return when i just filed and it produced a refund of a… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,902 satisfied customers
My s-Corp has been inactive (state of Minnesota) since 2008.
My s-Corp has been inactive (state of Minnesota) since 2008. I have been filing returns with no activity/no dollars starting in 2008 thru 2011. This was in case I wanted to reactivate the corp. Howeve… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,440 satisfied customers
I reside in CA. I was going to move to FL, bought a condo and
I reside in CA. I was going to move to FL, bought a condo and was going to sell my house in CA. That did not work out, and, meanwhile, the real estate market collapsed. I formed a partnership, convert… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,440 satisfied customers
I have a client who had a huge loss in 2006. He elected to
I have a client who had a huge loss in 2006. He elected to have the loss carry forward. We just got an amended K-1 for 2007 that shows more income. This income will use some of the NOL. We also have b… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,440 satisfied customers
I have a K-1 from an S corp showing a 15,310 loss. I have
I have a K-1 from an S corp showing a 15,310 loss. I have entered this into Turbotax and checked that I materially participated in the entity as I am 100% owner. Here's what is confusing me: The S cor… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
I have been sent a cp2000 and they have none of my W-2Gs ...
I have been sent a letter by the IRS they claim I did not claim several gambling winnings. I sent my W-2G''s and the forms by mail as I was instructed because I filed electroniclly. I have the forms e… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 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