Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
Lev - Situation I've come across and need to verify what I
Lev - Situation I've come across and need to verify what I believe to be correct. Here it goes, a company that is formed and in operation for 3 years - Company A. Business in good standing and develop… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,434 satisfied customers
Have a tax question on a property that my wife owned with
Hey I have a tax question on a property that my wife owned with her brother in an LLC. … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,434 satisfied customers
If I'm a partner in an LLC whose sole business was investing
If I'm a partner in an LLC whose sole business was investing capital in building a townhouse and we sold our interest in the project after 13 months, is this considered ordinary income or is it a long… read more
PDtax
PDtax
Certified Public Accountant (CPA)
Master's Degree
6,124 satisfied customers
I have a client who is a real estate developer. They are
I have a client who is a real estate developer. They are building a residential rental property. They are in an opportunity zone. The developer has spent 80% of the cost of the building so it is not c… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,933 satisfied customers
I paid my son by forgiving a loan I made to his S-corp when
I paid my son by forgiving a loan I made to his S-corp when he did consulting work for me personally. He wants to claim the income in 2016 but we have no proof that I paid him. It did not occur to me … read more
socrateaser
socrateaser
1,511 satisfied customers
I have a friend who I helped with financial advice many
I have a friend who I helped with financial advice many years ago...my advice has made him over 3 billion dollars which is tax free to him. He wants to invest in my company, make me a loan, or gift me… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
I have 2 companies owned by a husband/wife team, a Sub S law
I have 2 companies owned by a husband/wife team, a Sub S law firm, a Sub S one truck moving company Question 1:the law firm has "funded" loans to the truck company which has sold the truck and needs t… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,270 satisfied customers
Is the owner of a Sub S Corp (S) a Real Estate Dealer?
Is the owner of a Sub S Corp (S) a Real Estate Dealer? Facts: 1. S incorporated in 1980 with a variety of assets (real estate, securities, royalties) 2. In 1990 S develops one parcel into 3 home lots,… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,270 satisfied customers
A friend of mine is able to invest equity in his company.
A friend of mine is able to invest equity in his company. He has offered to let me invest with him. My concern however is when the company is sold and equity is paid out, is there a way that I/we will… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,238 satisfied customers
How do you avoid being considered a Real State Dealer by the
How do you avoid being considered a Real State Dealer by the I.R.S.? Do you need a certain type of entity to do quick flips of residential properties?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,238 satisfied customers
I own a Manufacturing company that is a S-Corp and recently
I own a Manufacturing company that is a S-Corp and recently sold (2006) our manufacturing facilities and relocated to Florida. We bought a new building, and have continued manufacturing operations in … read more
PDtax
PDtax
Certified Public Accountant (CPA)
Master's Degree
6,124 satisfied customers
I have a friend who has a S corporation with $40,000 loss,
I have a friend who has a S corporation with $40,000 loss, but has not loaned the company any money. He works 12 hours a day, but the company can't afford to pay him. Is there anyway he can take any o… read more
Anne
Anne
Master Tax Preparer
2,551 satisfied customers
Is there an exclusion for COD on a partnership related to a
Is there an exclusion for COD on a partnership related to a loan to a real estate developer?… read more
socrateaser
socrateaser
1,511 satisfied customers
We have an S corporation (LLC) which is in the business of
We have an S corporation (LLC) which is in the business of developing and publishing software applications. It is owned 50%/50% by 2 shareholders. The company has been extremely profitable and we find… read more
CPAforHire
CPAforHire
Bachelor's Degree
73 satisfied customers
An S-Corp that my spouse and I are shareholders of, signed-up
An S-Corp that my spouse and I are shareholders of, signed-up with a franchise company and bought trade areas to build stores. Unfortunately, we could not keep-up with the development-schedule and the… read more
RD
RD
Self Employed
Master's Degree
1,129 satisfied customers
Im interested in using my S corp (well established and profitable)
I'm interested in using my S corp (well established and profitable) to assist in buying real estate investments. 1.) Can my S. Corp. purchase a real estate investment as a tax deductible expense? 2.) … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,434 satisfied customers
I have s-corp company in WA. I develop websites and advertise
I have s-corp company in WA. I develop websites and advertise on them. This is how I make my regular income. A company has offered to buy one of my websites for x dollars. How do I treat this income? … read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
What are the benefits of setting up a Real Estate Holding company
What are the benefits of setting up a Real Estate Holding company to purchase a building for my software company?… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 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