Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
Lane i guess i'm down to my last question! it revolves
hello again lane i guess i'm down to my last question! it revolves around this crazy situation where they won't let me use a debit card, which itemizes every expenditure demonstrating where the money … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,300 satisfied customers
I'm preparing a k-1 for an LLC. The contribution was 25,000
Hello. I'm preparing a k-1 for an LLC. The contribution was 25,000 in 2018. The individual would like to take the 25,000 as a loss on their 2018 return. Is that counted as a withdrawal/distribution wh… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,300 satisfied customers
Lev, I have a general question and then a more specific that
Hello Lev,I have a general question and then a more specific that you may not be able to answer;1 How is it that as the square footage of the portion of the house that I use goes down my federal retur… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,491 satisfied customers
I am a tenant in a building. The landlord provided me with a
the landlord provided me with a 350,00 build out allowance. … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,966 satisfied customers
Originally i invested 200,000 in my restaurant of which I
originally i invested 200,000 in my restaurant of which I put in 20k and 180k was from a family member.in year 1 and 2 business loss 50k each year and family member lent 50 k each year,in year 3 it ma… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,966 satisfied customers
I need help with my tax return. I own a Tax Franchise. I
Hi, I need help with my tax return. I own a Tax Franchise. I would like to know how to properly fill out my tax return for next year.I have Gross Fees of $370,310. ($183,852) in discounts. Net fees of… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,300 satisfied customers
Yes, I have a similar question concerning the IRS form 982
Yes, I have a similar question concerning the IRS form 982 where it states "Interest in 401K" I've asked multiple sources and get conflicting answers. I'm a civil service employee and we have the TSP … read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
i pulled out 19K from my 401K as a hardship for a down paymnt on a home loan and we just l
i pulled out 19K from my 401K as a hardship for a down paymnt on a home loan and we just learned we were denied due to a new rule that came out on 10/1 and our score was below 700 and have cards maxed… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,300 satisfied customers
I have been running a tailoring business for over 25 years.
I have been running a tailoring business for over 25 years. I had to put my business down due to health issues. I didn't make any money in 2013. Is there any tax breaks for a businss that goes under?… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,659 satisfied customers
My parents just sold their home and received $44,000 out of
My parents just sold their home and received $44,000 out of the sale. I'm going to buy my parents an $85,000 condo (under my name and mortgaged by me). They are providing $30,000 for the down payment.… read more
CFEPro789
CFEPro789
Fraud Analyst
Master's Degree
369 satisfied customers
What is the minimum applicable rate I can charge an "almost
What is the minimum applicable rate I can charge an "almost family" member for a loan of $5,165 ($5,000 plus the sales charges I incurred for liquidating mutual fund shares). Time was short, the weath… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,659 satisfied customers
I took a cash advance out of my personal credit cards to put
I took a cash advance out of my personal credit cards to put the money in my S-corp business over the years. I showed the money as capital contributions to my business. However, I have been making the… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,491 satisfied customers
I have an S-corp (2 yr startup) where I am 100% shareholder.
I have an S-corp (2 yr startup) where I am 100% shareholder. I also have a W2 f/t job where I'm claiming "99" allowances blocking all federal/state taxes so I can have the funding needed to run the bu… read more
Jax Tax
Jax Tax
Senior Tax Attorney
Master's Degree
1,394 satisfied customers
My husband received a 1099-R from a life insurance for $118,117.72
My husband received a 1099-R from a life insurance for $118,117.72 because Our Life policy didn't have enough value to afford the premuim so they ran a loan up on the policy and the interest plus the … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,491 satisfied customers
This may be too in depth of a question for this service, but
This may be too in depth of a question for this service, but I am unable to get in to see my cap for awhile and was hoping to be able to get the answer here. Her goes... I started a new company under … read more
BK-CPA
BK-CPA
Bachelor's Degree
919 satisfied customers
Help please could be hard on family how to write off loss of
Help please could be hard on family how to write off loss of investment in a business I had a stone quarry buisness I took out a loan for exploring to find stone 150000 my mother inlaw put up her annu… read more
Anne
Anne
Master Tax Preparer
2,551 satisfied customers
I recieved an Employee Forgiveable Loan as an upfront ...
I recieved an Employee Forgiveable Loan as an upfront bonus and had the interest of $9088.33 added to my W-2. Since I didn''t have to really pay this interest it was added as income. My company said t… read more
Paul Taliefero
Paul Taliefero
Enrolled Agent
Bachelor Degree
110 satisfied customers
My husband and I are attempting to purchase a home. Due to ...
My husband and I are attempting to purchase a home. Due to poor credit we are required to put 20% down. My mother in law has offered to loan us the money (about $60,000). What are the tax issues assoc… read more
Sandi Hargrove, SkyHawks
Sandi Hargrove, SkyHawks
Master Tax Pro and Enrolled Agent
Master Degree
1,254 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