Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
Could i get someone to help me assess how much I should be
Hi could i get someone to help me assess how much I should be pulling from S corp as salary and distribution - I am the only shareholder … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,260 satisfied customers
In a company I am making monthly payments to the owner's
In a company I am making monthly payments to the owner's ex-wife according to a divorce agreement, this agreement specified that all the payments are not taxable. So my question is do I have o give he… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,283 satisfied customers
S corp has one shareholder (wife) and I did not pay her
S corp has one shareholder (wife) and I did not pay her salary in 2018? What can I do? Can I remove her from the corp?… read more
Alexander Efros
Alexander Efros
Financial Planner/Tax Specialist
Masters of Business Administration (MBA)
864 satisfied customers
I have a question on form 1120S Line 16D has to do with
Hello...I have a question on form 1120S Line 16D has to do with Distributions....I'm looking at my last years return and cant quite figure out how the accountant got the amount that was entered. Dont … read more
Carter McBride
Carter McBride
LLM
3,234 satisfied customers
Lane have a client who paid their spouse who works for her
HI Lanehave a client who paid their spouse who works for her husband's company $18K through payroll so she could contribute $18k to a solo 401K she has with her husband. She received a W-2 from ADP wh… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,649 satisfied customers
My wife is a real estate agent and we're thinking about
My wife is a real estate agent and we're thinking about setting up a new entity for her -- we've been guided to set up a PLLC taxed as an S-Corp. I have a high personal income from my employer so we'r… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,408 satisfied customers
My wife does extra work for a hospital and she reports the
My wife does extra work for a hospital and she reports the extra income as a self-employee in Schedule C. If she forms a business entity can the tax liability on the extra income be reduced? If yes, w… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
My sister and I have a S corp. She is 52% shareholder and I
My sister and I have a S corp. She is 52% shareholder and I am 48% shareholder. She controls the finances. I receive a K-1, 1099 Misc and W-2. Is this legal?… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,260 satisfied customers
I have a NV S-Corp, income 2015 about 100k. Desire to pay
I have a NV S-Corp, income 2015 about 100k. Desire to pay myself and wife payroll of $22,050 to provide for another SS qualified income year. So far I have taken cash distributions but have not issues… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,719 satisfied customers
I recently gained a client who is an S-corp, and under my instruction,
I recently gained a client who is an S-corp, and under my instruction, the previous accountant got the owner (who materially participates in the business) set up to receive a salary and distribution. … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,260 satisfied customers
I am working/ living in texas. My wife is working living in
I am working/ living in texas. My wife is working living in california. If we do a joint federal tax return is me texas income taxable in California state tax return? I have been advised half of my in… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,260 satisfied customers
Receive multiple 1099s for medical services. Have an S Corp.
Receive multiple 1099's for medical services. Have an S Corp. Do I claim the 1099 under personal and offset with all of the expenses in the S Corp or do I just claim each of the deposits in the S Corp… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,260 satisfied customers
I need some help with tax calculations. Here is my story - I
Hi I need some help with tax calculations. Here is my story - I took up a job in Seattle, WA. Its through a company that and i am on 1099 - I registered my S-corp and the pay check is coming to my com… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,719 satisfied customers
I own a business (S Corporation), which already max out section
I own a business (S Corporation), which already max out section 179 deduction last year. I am also a part time employee for another company. My gross income is about $200,000 a year. I have been doing… read more
DanielleCPA
DanielleCPA
Certified Public Accountant
Bachelor's Degree
567 satisfied customers
my duaghter just rtecd a 1099 for 14k college grant. I s this
my duaghter just rtec'd a 1099 for 14k college grant. I s this taxable ? where do I put it? can i take any deductions?… read more
Dmastcpa
Dmastcpa
Partner
Master's Degree
21 satisfied customers
My wife owns a farm business. Income and expenses are reported
My wife owns a farm business. Income and expenses are reported on Schedule F, and the net income carries forward to our joint return. In 2010, she decided to install a solar PV project on a barn, for … read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
My wife sold her business (DBA). The business is still under
My wife sold her business (DBA). The business is still under her name and tax ID. As a new owner how should the taxes be handle. Their is only one employee (new owner). If extra help is required contr… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My wife is currently an at-home mom. She plans to open a ...
My wife is currently an at-home mom. She plans to open a Chiropractic office soon that we know will lose money for the first few years. I make between $215K and $315K per year and would like to know i… read more
Merlo
Merlo
Tax Consultant
558 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