Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
If I filed business bankrupcy do can I waive the penalties
Hi. If I filed business bankrupcy do can I waive the penalties and interest in payroll taxes and just pay civil penalties … read more
Jill Flinton
Jill Flinton
Owner
Master's Degree
44 satisfied customers
I had a restaurant business close in 2016. In 2017 I had to
I had a restaurant business close in 2016. In 2017 I had to pay a penalty to the lender/bank related to the existing principal on the loan. I believe this, plus the retainer fee I paid to a lawyer to … read more
PDtax
PDtax
Owner
Master's Degree
4,759 satisfied customers
TAX ATTORNEY OR CPA ONLY - In closing a business down, after
TAX ATTORNEY OR CPA ONLY - In closing a business down, after having a formal appraisal done, preceding distribution of assets, what should and shouldn't be added to Quickbooks? For instance, should ba… read more
PDtax
PDtax
Owner
Master's Degree
4,759 satisfied customers
My business has been barely profitable, but I am absolutely
My business has been barely profitable, but I am absolutely burned out. It has become a burden to me and my family, and I would like to change direction in my life.Me and my wife own it 50/50 and it's… read more
PDtax
PDtax
Owner
Master's Degree
4,759 satisfied customers
I own two homes free and clear, in Hammond ind, they
I own two homes free and clear , in Hammond ind , they together net 1250 $ A month, after taxes ins, maint. I am trying to create a scaleable bussniess , starting with these two homes with 150-175k eq… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,726 satisfied customers
If a friend uses my Paypal account to do retail online
If a friend uses my Paypal account to do retail online selling (so my paypal account receives online payments, and I transfer all of the payments to his bank account), and I understand Paypal isues a … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
Taxpayer is a 100% s corp shareholder Taxpayer also owned
Taxpayer is a 100% s corp shareholder Taxpayer also owned 100% in a rental LLC in 2012 the taxpayer walked away from the rental property in the llc. Debt forgiveness was reported along with a resultin… read more
PDtax
PDtax
Owner
Master's Degree
4,759 satisfied customers
I just received a 1099C from citi mortgage. my house was
I just received a 1099C from citi mortgage. my house was discharged in bankruptcy in 2009. in box 5 it is checked which is saying I am personally liable. I don't understand what this means.… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,659 satisfied customers
Lev I am a non resident alien single owner of an LLC in Delaware.No income is from a
Hi Lev I am a non resident alien single owner of an LLC in Delaware.No income is from a source within the U.S.I do Have a registered agent and they issued an EIN number.I understand that as a disregar… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,726 satisfied customers
, I have a question regarding schedule C. I have an
Hello, I have a question regarding schedule C. I have an LLC (ABC LLC) which is a disregarded entity for income tax purposes. The LLC has a dba (trade name XYZ). The dba is acting as a division of the… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,393 satisfied customers
Im in a tax repayment plan LLC. I am about to be evicted
Im in a tax repayment plan for my LLC. I am about to be evicted from my location of my business. If I dil bankruptcy, how will that effect my LLC? How will effect my repayment plan?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,393 satisfied customers
I have a sub S corp. that no longer does business and we are
I have a sub S corp. that no longer does business and we are attempting to sell the real estate in a short sale with forgiveness of forebearance. Will I still be responsible to the IRS for capital gai… read more
PDtax
PDtax
Owner
Master's Degree
4,759 satisfied customers
I now have a note on a property with a bank that does not want
I now have a note on a property with a bank that does not want to renew the note because one of the partners have filed bankruptcy. We have tryed to get financing but the realestate value has gone dow… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
does a guarantor on a business loan have any tax benefit if
does a guarantor on a business loan have any tax benefit if llc she signed for goes out of business...bankruptcy???… read more
Jax Tax
Jax Tax
Senior Tax Attorney
Master's Degree
1,394 satisfied customers
Filed Chapter 7 2010, kept residence (allowable asset) let
Filed Chapter 7 2010, kept residence (allowable asset) let go by foreclosure of previous residence (rented as a result of failure to sell), and presumed we had a clean start. Chase Bank submitted a 10… read more
Wallstreet Esq.
Wallstreet Esq.
Tax Attorney
Doctoral Degree
586 satisfied customers
I am a co-borrower on a bank loan to a partnership/LLC. Last
I am a co-borrower on a bank loan to a partnership/LLC. Last year, the loan was restructured to interest only after the property (commercial condo office building) was re-appraised. (Surprisingly, the… read more
socrateaser
socrateaser
1,506 satisfied customers
We have been approved for a short sale. This involves two
We have been approved for a short sale. This involves two banks, one with the large loan and then one with a small loan. The small loan is going to report the left over amount owed as income. Since th… read more
BK-CPA
BK-CPA
Bachelor's Degree
919 satisfied customers
I need some professional tax advice on a possible short sale
I need some professional tax advice on a possible short sale in lieu of foreclosure sale due 27 apr. in state of Wisc.(Sherrif sale).There is a note due lender of $356,00 with short sale offer of 225,… read more
socrateaser
socrateaser
1,506 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

60,580 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