Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
I filed a company as a LLC with the state of New Jersey. I
I filed a company as a LLC with the state of New Jersey. I am now on the IRS website, to apply for a EIN number. When I went to get one, I received this message (see attached).Please let me know what … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
My husband and I are in the process of starting up a
My husband and I are in the process of starting up a trucking company for a for hire trucking company. need some help on s corp vs llc. … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,814 satisfied customers
Filed a 1065 last year for my wife's business. We had been
Filed a 1065 last year for my wife's business. We had been reporting income on 1065, but I left the LLC. We checked the Box for a Final Return. As I have left the LLC, leaving her … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
If a person owns a corporation or an LLC both from just one
If a person owns a corporation or an LLC both from just one owner and after a certain time of operation decides to sell it, the new owner can continue using the same name and EIN under the same condit… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
3,289 satisfied customers
We are a foreign corporation (“A”) electing to be treated as
we are a foreign corporation (“A”) electing to be treated as a partner ship on IRS Form 8832, Part 1 Election information, #6 Type of entity, Checking box e, 'a foreign eligible entity electing to be … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,818 satisfied customers
A multi member LLC converted to a SMLLC. I am filing the
A multi member LLC converted to a SMLLC. I am filing the final 1065 (partnership) return. The LLC will continue but as a disregarded entity. Do I need to file Form 8832 letting the IRS know that the L… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
3,289 satisfied customers
I have a tax question. I have an LLC that is a sub "S." I
I have a tax question. I have an LLC that is a sub "S." I want to form another LLC and want the most simple way to address taxes and ownership of this LLC. It will be owned and managed by the same two… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
3,289 satisfied customers
If I own an llc in 100%, can I bill it for my consulting
If I own an llc in virginia 100%, can I bill it for my consulting time. The scenario is I will be employed by another company until I transition to the LLC and would be working on IP and patents to be… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
3,289 satisfied customers
LLC in State of Florida elected to be taxed as an S-Corp.
LLC in State of Florida elected to be taxed as an S-Corp. The LLC Charter, should it be a LLC or S-Corp? The binder that is purchased to keep the minutes, shareholders % of ownership certificates...et… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,339 satisfied customers
My fiance is a independent contractor, made it an LLC. His
My fiance is a independent contractor, made it an LLC. His father previously owned it a couple years back and did not file any taxes at all. Now the IRS is after my fiance. He wants me to take over th… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
3,289 satisfied customers
RE: LLC makes an election on Form 8832 to be a "c" corp. Then
RE: LLC makes an election on Form 8832 to be a "c" corp. Then Form 8832 to terminate the "c" election and be classified as a Partnership or flow to 1040. Looks Like form 8832 can be used both ways for… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,814 satisfied customers
Holding Company [subchapter S Coporation]owns a single member
Holding Company [subchapter S Coporation]owns a single member LLC ["SMLLC"]. The SMLLC had elected S Corporation status. 1) Can Holding Company be a member in a SMLLC that has made the Subchapter S el… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,818 satisfied customers
Hi, I am preparing a LLC that was just incorporated in February,
Hi, I am preparing a LLC that was just incorporated in February, should I indicate a short year by listing fiscal year beginning as the incorporation date and treat 12/31/2012 as fiscal year ending? T… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
Our NJ LLC purchased the assets of a company on 6/15/11. There
Our NJ LLC purchased the assets of a company on 6/15/11. There are 6 investors who contributed the funds for the purchase in the form of loan notes with interest. What tax returns and schedules should… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
i currently have my own LLC, i lost over 60K in 2011 and this
i currently have my own LLC, i lost over 60K in 2011 and this will be the first time i am filing my taxes under my LLC... will i be covered for my losses?… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
my partner and i started an LLC in maryland. We are still
my partner and i started an LLC in maryland. We are still struggling to get started and have not actually starting doing business yet. What will I be expected to file with the irs and the state of mar… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
I have a client who set up an LLC parnership...they were very
I have a client who set up an LLC parnership...they were very loose with their operating agreement and have not really formulated one. When we started doing the return, they said that there was 1 pers… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
Last March my wife filed a single-member LLC. She was required
Last March my wife filed a single-member LLC. She was required to get an EIN for opening a bank account so she got one from IRS. It automatically classified her entity as "sole-proprietorship" for tax… read more
Jon Andrews
Jon Andrews
CPA
3,038 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