Tax

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

Related Tax Questions
How to record transfer of rental property (Sch E) form
How to record transfer of rental property (Sch E) form personal return in TY 2017 to Wife and Husband (2 member) LLC in TY 2018 i) Do I need to adopt the basis for LLC ( basis shown in personal return… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,346 satisfied customers
I have a client that has had a rental property that was
Second opinion] I have a client that has had a rental property that was purchased personally in 2011 and has transferred the property, via quit claim deed, to an multi-member LLC operating as an S Cor… read more
PDtax
PDtax
Owner
Master's Degree
4,834 satisfied customers
I filed extension for 2018 tax returns. I need to a fill out
I filed extension for 2018 tax returns. I need to a fill out long form financial affidavit for divorce. How do I calculate section 179 dedcution (what all stuff can be dedcuted under section 179???0. … read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
1,053 satisfied customers
In feb of 2018 i bought a 2013 nissan auto. I got married in
In feb of 2018 i bought a 2013 nissan auto. I got married in march of the same year. My new wife put 45000 miles on the car as a ride share driver. We lived together for less than 3.5 months and then … read more
HK Tax
HK Tax
CPA
Master's of Science
376 satisfied customers
My husband brought a house under his name (he has a LLC),
hi, my husband brought a house under his name (he has a LLC), but did not put under LLC. the house is for sale in the future, (he does construction), so he brought it for cheap and fix it and sell aga… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,346 satisfied customers
How to report the end of one company and the start of a new
How to report the end of one company and the start of a new company in turbotax. … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,262 satisfied customers
After I took a section 179 depreciation on a Dump Trunk in
After I took a section 179 depreciation on a Dump Trunk in 2016 of the entire $8500 purchase price, how do I deduct expenses in 2017 and 2018? Can do standard mileage or do I have to use Actual expens… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,262 satisfied customers
My wife are planning to purchase computer hardware for her
Hi, my wife are planning to purchase computer hardware for her self-employed business. She currently has no income yet as this is a preparation. 1. How can these expenses be reported for annual tax re… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,346 satisfied customers
I entered equipment on an LLC 1065 which was purchased
I entered equipment on an LLC 1065 which was purchased during start up in 2017. Will I enter any property listed in the LLC 1065 on my personal return in the partnership section? Such as the deduction… read more
PDtax
PDtax
Owner
Master's Degree
4,834 satisfied customers
Can I take depreciation in the year I started my furniture
Can I take depreciation in the year I started my furniture making business if I do not have a profit? … read more
Carter McBride
Carter McBride
LLM
3,309 satisfied customers
I am doing first 1120 S tax return for former sole
I am doing first 1120 S tax return for former sole proprietor business. I am trying to determine how to handle depreciation on assets that were purchased in sole prop, then transferred to S Corp. … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,894 satisfied customers
Greetings, Hopefully a simple question. I am a 1099
Greetings, Hopefully a simple question. I am a 1099 Independent Contractor and during the course of business last year, I purchased approx. $40K worth of IT hardware on my credit card (the company I a… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,941 satisfied customers
I have a new llc in florida, c 2015, I have a $3000 loss,
I have a new llc in florida, For schedule c 2015, I have a $3000 loss, with documentation. This is operating costs and start up costs. Can I deduct start up costs… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
I'm doing an 1120S two member LLC. Prior to making the
I'm doing an 1120S for a two member LLC. Prior to making the S election in 2014, the client was a single member LLC that filed schedule C. Not sure how to handle opening retained earnings on the 1120s… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,262 satisfied customers
Can I simply expense the medical software I purchased on my
Can I simply expense the medical software I purchased on my s-corp return it was about $4K. the software is an image reading software used in conjunction with the X-Ray equipment I purchased (both at … read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
2,693 satisfied customers
I have a sole prop and I invested $5k in that business by liquidating
I have a sole prop and I invested $5k in that business by liquidating part of my IRA. How do I account for the $5k on my sch-C? it's not gross income...… read more
Wallstreet Esq.
Wallstreet Esq.
Tax Attorney
Doctoral Degree
586 satisfied customers
Fellow JA Expert Here --- I own a computer business that is
(From Moderator: Please leave in Tax category) Fellow JA Expert Here --- I own a computer business that is an LLC in South Carolina. This is the first year as a LLC (in the past I was sole prop). I us… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
OK. My husband and I have had this business for a few years.
OK. My husband and I have had this business for a few years. We started off doing website design, and other computer related stuff... I ended up opening a photography studio (my true love) using the s… 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:

Robin D.

Robin D.

Senior Accountant

17,620 satisfied customers

15 years as a Senior Accountant and Divisional Leader at H&R Block

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.

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