Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
I'm an individual filing a 1040 / Schedule C for Uber
Hi there! I'm an individual filing a 1040 / Schedule C for Uber driving, looking for advice on when to record a loss due to a car accident? Here are the details -- I bought the car in late 2016 explic… read more
PDtax
PDtax
Owner
Master's Degree
4,713 satisfied customers
I am the CEO of The Records. I have a film/photography
My name is***** and I am the CEO of The Haze Records. I have a film/photography department as well called The Haze Studios. I officially open up my label 2/27/2019 but I have been running The Haze Stu… read more
Tax.appeal.168
Tax.appeal.168
Principal
6,384 satisfied customers
To check on your thoughts/ advice, Questions: not the
to check on your thoughts/ advice, Questions:not the intention of the shareholder (long story) of the s-Corp, the tax returns for several years have been un-filed, and thus we're the shareholder perso… read more
Carter McBride
Carter McBride
LLM
2,950 satisfied customers
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
7,249 satisfied customers
My LLC S-Corp Election was approved in September 2018.
My LLC S-Corp Election was approved in September 2018. However, on the letter from the IRS, it says it is effective April 2017. What does that mean as far as all the quarterlies I have not filed and t… read more
Fred Rook
Fred Rook
Corporate Controller
BSBA
434 satisfied customers
I have switched my company to an S-Corporation for 2018.
I have switched my company to an S-Corporation for 2018. Previously I was a single member LLC filing Schedule C. How do the assets get transferred to the S-Corp? What becomes the basis? For example, i… read more
Carter McBride
Carter McBride
LLM
2,950 satisfied customers
Have an LLC in Texas, currently paying myself as a W-2
Have an LLC in Texas, currently paying myself as a W-2 employee. What quarterly federal taxes does the business need to pay? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
I own (100% share holder) a small business, S Corp. My wife
I own (100% share holder) a small business, S Corp. My wife is a teaching assistant in the City School system. I pay myself a salary (W2 $62,565.00), my wife's W2 is $24,111.00 (combined $85,676, marr… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
Here's the scenario: Business was incorporated in 2017 but
Hi! So here's the scenario: Business was incorporated in 2017 but hasn't yet begun business operations. I've found out through my research and various phone calls with the IRS that since the business … read more
Carter McBride
Carter McBride
LLM
2,950 satisfied customers
I have a tax client, who is a multi-member limited liability
I have a tax client, who is a multi-member limited liability company that decided it wanted to apply to file as an S corporation. It was decided to do this mid 2016, well after the required deadline o… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,198 satisfied customers
HSA account held by my wife Rose… Folks I am years old male
HSA account held by my wife Rose… Folks I am 69 years old male currently on Medicare A (Sept-2013) and B (Oct-2015) when I retired in September of 2015 (1st time retired) ... At that time my wife age … read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,001 satisfied customers
I have a C Corp and I own the sole owner. I am now preparing
I have a C Corp and I own the sole owner. I am now preparing my business and personal returns for 2016. I want to pay myself compensation on W-2 which I did not file with the IRS yet nor did I pay pay… read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
949 satisfied customers
Background: In 2016, my business was an LLC (I paid myself
Background: In 2016, my business was an LLC (I paid myself with distributions). In 2017, I got a letter from the IRS that my 2553 form was accepted so the business will be treated like an s-corp (so n… read more
PDtax
PDtax
Owner
Master's Degree
4,713 satisfied customers
I just finished the first year of operating an S-corp (2016)
I just finished the first year of operating an S-corp (2016) and am about to file my personal taxes. The corporate taxes are on extension until September. I asked the IRS to be considered an S-Corp in… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,249 satisfied customers
I have a savings account I call Net Profit in my photography
Hi! I have a savings account I call Net Profit in my photography business, and I want to move that money into my retail company's checking account as an investment. I don't want to take a tax hit on i… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,408 satisfied customers
For the 2016 salary, wire cut off for Wire Out date for 2016
for the 2016 salary, wire cut off for Wire Out date for 2016 is past. If setup a wire at bank today (effective wire date is January 3, 2017). Can this still be claimed in 2016 salary expense? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,001 satisfied customers
Just formed an LLC photography business. A week prior I
Just formed an LLC for a photography business. A week prior I bought $5,000 in cameras for business on my personal credit card. And $4,000 of equipment 8 months ago towards the business. Can I have th… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,198 satisfied customers
I have a home repair web site that use to generate income.
I have a home repair web site that use to generate income. I no longer pursue it but keep it open so people can reference the information. I get a 1099-G every year and pay a monthly hosting fee for t… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 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