Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
Paying quarterly estimated taxes for a 2 member LLC (
Paying quarterly estimated taxes for a 2 member LLC ( Husband and wife ) that is operating as a Partnership and did not elect to be classified as a corporation... Am I understanding correctly that thi… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
CERTIFIED FINANCIAL PLANNER ®, Professional
Master's Degree
2,982 satisfied customers
We want to put 2 people on payroll. However, we do not
Hi Mark. We want to put 2 people on payroll. However, we do not generate enough revenue to pay minimum.Specifically, we want to pay a partner 1500/month, and production manager 400/month.Is this a pos… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
4,994 satisfied customers
I open a car shop last year as Llc in the state of Maryland.
I open a car shop last year as Llc in the state of Maryland. I and my brother run the business . Can we each file a return as self employee? Or do we need to set a partnership if so how do we file?… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
12,108 satisfied customers
I have a single member LLC. I do online sales, as well as
Hi, I have a single member LLC. I do online sales, as well as in-person sales at a market in Washington, DC via the Square app. I have not actually "paid myself" yet from my business checking account.… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
4,994 satisfied customers
I have a 50% partner in my LLC business who I have been paying
I have a 50% partner in my LLC business who I have been paying $300 a month to since we started our LLC in March 2014. He will not be a working member of the business until August , and therefore is n… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,992 satisfied customers
I have a single member California LLC that I would like to
I have a single member California LLC that I would like to dissolve. I have a few questions: 1. I am filing LLC-4/7 form for Certificate of Cancellation of LLC. In this form, the fourth item states "T… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,682 satisfied customers
Thanks again for your help. There another 2 questions: 1.
Thanks again for your help. There another 2 questions: 1. If I open LLC this year, than all my income would go to my LLC, so will get K1 instead of 1099, so i will still fill joining taxes return with… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I started a multi-member LLC (4 members with varying ownership
I started a multi-member LLC (4 members with varying ownership percentages) to buy a small mobile home park this past year (acquired July 2012, formed LLC in May 2012). I wanted to know how taxes work… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
I have a client.....for years they have been borrowing money
I have a client.....for years they have been borrowing money from their LLC #1 and putting it into their LLC #2 for they were building a boat to sell....We booked this money as a loan from the member,… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,360 satisfied customers
Suppose a family of three sets up a family LLC (F), composed
Suppose a family of three sets up a family LLC (F), composed of three LLC's (A, B, and C) that are each owned by solely a different family member. The family LLC is taxed as a partnership, to allow fo… read more
PDtax
PDtax
Owner
Master's Degree
9,538 satisfied customers
On an LLC do partners draw a salary or should they be paid
On an LLC do partners draw a salary or should they be paid as an employee on W2. On Corporations do partners, officers draw a salary or should they be paid as an employee on W2?… read more
DanielleCPA
DanielleCPA
Certified Public Accountant
Bachelor's Degree
984 satisfied customers
I have a Single Member LLC that was formed as regular LLC with
I have a Single Member LLC that was formed as regular LLC with one member. This member also owns a Corporation. (NYS). The Corporation owns the LLC as it is owned by same person. However, LLC papers w… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,494 satisfied customers
Single member LLC (PA) - Estimated tax (state and Fed)
I have a single member LLC in state of Pennsylvania, I am an independent IT contractor. I want to use 1040 scedule c to file my taxes. Please advice as to how should I be making estimated tax payment … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Should I include my business partner -- who is a non-U.S. citizen
Should I include my business partner -- who is a non-U.S. citizen -- as a Member in the Virginia-based LLC we are forming, or will that set us up for trouble when it comes to distributing profits and … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
If Im a owner of a sole propreitorship, LLC and I take monthly
If I'm a owner of a sole propreitorship, LLC and I take monthly draws. Am I suspose to pay taxes on the draw? I was told that if I don't have taxes taken out then it is not considered payroll. I curre… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
If i form a LLC in Oregon and non of the members are oregon
If i form a LLC in Oregon and non of the members are oregon reisidents, do the members have to pay state income tax in oregon or is it based upon where they live… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I have a LLC with S-election in California My partner has ...
I have a LLC with S-election in California My partner has a Nevada LLC with S-election in Nevada We need to setup a LLC (COMMON CORP) in Nevada. How should we set it up as ? Knowing that : - Most of o… read more
GalleAccounting
GalleAccounting
Staff Accountant
Bachelor's Degree
16 satisfied customers
Can earned income be claimed on section 179 of a return?
I have a question about Section 179. Both myselfI and my wife work so we have 2 w2's. The company I work for was acquired and the stock option I had was automatically vested. I received a lumlump sum … read more
Jon Andrews
Jon Andrews
CPA
1,498 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