Tax

Have a tax question? Ask a tax Expert

Connect one-on-one with {0} who will answer your question

Related Tax Questions
Last year I started my consulting business (1/1/2018). I had
Hi, last year I started my consulting business (1/1/2018). I had some start up costs incurred in 2017. Is it ok to include start up costs incurred in 2017 in Tax Return for 2018?… read more
Carter McBride
Carter McBride
LLM
3,295 satisfied customers
I am a real estate agent and looking to purchase a new
I am a real estate agent and looking to purchase a new vehicle and I am confused as to how or what I can deduct for tax write off. … read more
Carter McBride
Carter McBride
LLM
3,295 satisfied customers
I. Started a trucking company in January this year. They
started a trucking company in January this year. They needed a 2290 filed and paid immediately so I complied. In May I received a letter from the IRS that the tax hadn't been paid, so I paid it again,, I realize now that It has been paid twice. what can I do about it? … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,330 satisfied customers
If I have an S Crop and paid an expense personally in 2018
If I have an S Crop and paid an expense personally in 2018 for the company but did not get reimbursed until 2019, does that mean I canot use the deduction on 1120 tax return? … read more
HK Tax
HK Tax
CPA
Master's of Science
376 satisfied customers
Was Obama Care Health Care mandate penalty repealed for
Was Obama Care Health Care mandate penalty repealed for 2018?Is 1099-Misc 2018 Income as a Real Estate Agent and Long Distance Truck Driver considered Qualified Business Income for 20% credit?… read more
Carter McBride
Carter McBride
LLM
3,295 satisfied customers
One of my clients owns trucking company (LLC) so hes filing
One of my clients owns trucking company (LLC) so hes filing Schedule C and including all his deductions as part of his return. He mainly has on deductions since he recently started operating in Septem… read more
Anne
Anne
Master Tax Preparer
2,721 satisfied customers
If an s corp buys 10k stock or mutual funds in 2019, and
If an s corp buys 10k stock or mutual funds in 2019, and hangs on to until 2025 and then sells the stock for 15k and then uses the 15k to pay for expenses incurred in 2025, because 2025 was a slow yea… read more
HK Tax
HK Tax
CPA
Master's of Science
376 satisfied customers
I had Incorporated last year, I do home physical therapy, i
I had Incorporated last year, I do home physical therapy, i contract my work out to 2 companies, I have filled out my company taxes: on a 1065 form, and listed my car milage as an expense, along with … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,262 satisfied customers
Lane: I plan to buy a 2018 Toyota Tundra Crewmax 1794. Here
Hi Lane: I plan to buy a 2018 Toyota Tundra Crewmax 1794 . Here is the truck information: Let assume truck price is about $50,000. - Gross Vehicle Weight (GVW) 6900-7200 lbs - Cargo bed is only 5.5 fe… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,799 satisfied customers
We bought a new truck for the business, can I write off the
We bought a new truck for the business, can I write off the expense of the truck or any part of it on our 1040? In addition we bought a carwash the last week of the year and it was not open, do I clai… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,330 satisfied customers
My question is regarding depreciation for a car/truck using
my question is regarding depreciation for a car/truck using an actual expense method. My business is a single member LLC.my question is do i absolutely have to have a mileage log ?? my car is 100% use… read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,787 satisfied customers
Starting a new small business here. Need to buy a suv for
Starting a new small business here. Need to buy a suv for the work. Does section 179 heavy suv (over 6,000lbs) deduction apply to this calendar year taxes/income if purchased before 1/1/18? Would the … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,992 satisfied customers
I needed a newer car that would qualify so I could be a Uber
I needed a newer car that would qualify so I could be a Uber driver 9/15.Uber let me go 11/15. Can I expense the full cost of the car under Section 179.… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
My wife started a advertising balloon rental business last
My wife started a advertising balloon rental business last year we bought a 2013 Chevy heavy duty truck and depreciated it. In 2014 we traded it for the same truck but a 2014 model with some added fea… read more
Anne
Anne
Master Tax Preparer
2,721 satisfied customers
I own a small staffing company, I want to buy a used Mercedes
I own a small staffing company, I want to buy a used Mercedes SUV and use it for business purposes. Can I write off the cost of the car this year. Also do I have to buy a separate insurance policy for… read more
Anne
Anne
Master Tax Preparer
2,721 satisfied customers
I am starting a business right now, painting and contracting
I am starting a business right now, painting and contracting and supplies. I am about to buy a 6000GWR truck. My husband makes the salary in our house. Can we deduct the amount of this vehicle using 1… read more
Anne
Anne
Master Tax Preparer
2,721 satisfied customers
I run a software consulting business, we are looking at around
I run a software consulting business, we are looking at around 350K in net profits after making all payments. In additional to this we have 220 K in W2 wages between me and my wife. I am S corp what a… read more
Wallstreet Esq.
Wallstreet Esq.
Tax Attorney
Doctoral Degree
586 satisfied customers
A friend told me that their are tax decuctions for ...
A friend told me that their are tax decuctions for purchasing trucks over a certain amount of tons. This doesn't make sense to me. Is it true… read more
Guru_Guy
Guru_Guy
Doctoral Degree
1,634 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

4,937 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

261 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

17,888 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,659 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