Tax

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

Related Tax Questions
My husband and I would like to add someone to the deed of
My husband and I would like to add someone to the deed of our house. We want to avoid tax, as the individual we want to add has made payments on our mortgage. There is a mortgage outstanding. It looks… read more
Tax.appeal.168
Tax.appeal.168
Principal
6,607 satisfied customers
I would like to confirm that when gifting 1/2 of my home to
Hello, I would like to confirm that when gifting 1/2 of my home to an adult child, I can use IRS form 709 United States Gift (and Generation-Skipping Transfer) Tax Return to exclude paying taxes on th… read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
1,053 satisfied customers
We are selling a house and would like to give our daughter
We are selling a house and would like to give our daughter some of the proceeds toward the purchase of a house. Is there a way to do this without incurring a large gift tax. I have several possible sc… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,839 satisfied customers
I was on line with regarding a tax question.Can we be
I was on line with Barbara regarding a tax question.Can we be reconnected? … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,036 satisfied customers
IRS Tax Question: Related to gift tax: 1. Will the donee
IRS Tax Question: Related to gift tax: 1. Will the donee ever have to report the gift? How can it be arranged for them to pay the gift tax (will it still reduce the exclusion)? 2. Are there any States… read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,830 satisfied customers
Will my daughter be taxed if I wire money to her checking
Will my daughter be taxed if I wire money to her checking account so she can buy a new car? … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,262 satisfied customers
My daughter wants to buy my house as I am no longer able to
My daughter wants to buy my house as I am no longer able to make the payments. She plans to get a new loan to cover what I owe on the house. She is a first time home buyer and this will be her residen… read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,830 satisfied customers
I am trying to advise a friend of why purchasing a home from
Hi Barbara,I am trying to advise a friend of why purchasing a home from her father in law is a bad idea (but maybe I am wrong?). In this instance, lets say the fair market value of the house is 500k n… read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,830 satisfied customers
How does this work? when you have an answer you'll ask for a
How does this work? when you have an answer you'll ask for a credit card or something? … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,036 satisfied customers
A couple wants to apply to a health care facility. They are
A couple wants to apply to a health care facility. They are 82 & 83 years old respectively. Their total income is approximately 65,000 & their total assets are 600,000. They are in good health so they… read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,830 satisfied customers
If I give my daughter money for a down payment on a mortgage
If I give my daughter money for a down payment on a mortgage will she have to pay taxes on that money? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,830 satisfied customers
I w/d money from my traditional ira to give to my daughter
I w/d money from my traditional ira to give to my daughter for a down payment on her first home do I still pay taxes and is there any break for making it a gift? What is the form 709 used for? Do I ne… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
We general contracted a house for my daughter to live in.
We general contracted a house for my daughter to live in. Costs were $260,000. We financed it with equity from our house. We now want to get a $140,000 mortgage on the house. To do this, we have to ad… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I have an uncle who has been hiding money from his wife for
I have an uncle who has been hiding money from his wife for years by stashing cash in a safe deposit box. He decides to use this money to make a loan to another family member. He doesn't want his wife… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
How much money can I gift to my daughter without a tax consequence Can
How much money can I gift to my daughter without a tax consequence? Can I open a savings, money market, etc account with a 6 figure deposit and add her to the account from the outset and use her ss# X… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
How can i give forgive my daughter of a mortgage that i do
How can i give forgive my daughter of a mortgage that i do owner finance without it costing her so much in taxes?… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,663 satisfied customers
are there tax penalties to give a house to another ...
are there tax penalties to give a house to another person as a gift? Do you get taxed to give a house to someone?… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
My ex-wife and I have a legal agreement that we each ...
My ex-wife and I have a legal agreement that we each declare 1 of our two children, that I pay her child support, who live full time with her. I always declared my daughter and she my son just to keep… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 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