Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
I live in Texas. My mother who also lives in Texas has a
I live in Texas. My mother who also lives in Texas has a revocable living trust. I am now acting as a successor trustee as my mother is mentally incompetent. In whose name would I file her 2018 tax re… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,982 satisfied customers
I am receiving LTC benefits in my home from my LTC
I am receiving LTC benefits in my home from my LTC Insurance. I received a 1099 form. I know nothing about having to pay taxes on this amount. I also have trouble with access any info. On line with IR… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,300 satisfied customers
Did my parents taxes this year. My dad is in assisted living
Did my parents taxes this year. My dad is in assisted living with Alzheimer's and has long term care insurance. None of the money he received from the policy is taxable. I neglected to file 8853, whic… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
22,375 satisfied customers
If you receive a 1099-C for student loan debt discharge can
If you receive a 1099-C for student loan debt discharge can it be excluded from income if you weren't insolvent? How about if you were insolvent? The 1099-C says borrower was personally liable and the… read more
Carter McBride
Carter McBride
LLM
3,535 satisfied customers
I received a form 1099-ltc from my insurer when it went into
I received a form 1099-ltc from my insurer when it went into bankruptcy. The amount was not a benefit and it included monies that I paid into the account to pay for it. How do I file this income and c… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,982 satisfied customers
We received a 1099-c form for unpaid debt the form said
we received a 1099-c form for unpaid debt the form said cancellation of debt … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,491 satisfied customers
Decedent had a final payout from a term care policy of
Decedent had a final payout from a Long term care policy of 17,000 after death and received a 1099-LTC. this is the only value of the estate. where, if possible, can the personal representative deduct… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,982 satisfied customers
A daughter is in a nursing home for 5 years with terminal
Second opinion] A daughter is in a nursing home for 5 years with terminal illness. She has been paying for a term life insurance policy but now she is out of money. She is giving her insurance policy … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,982 satisfied customers
Do payments received under a Qualified Term Care Policy
Second opinion] Do payments received under a Qualified Long Term Care Policy reduce the amount paid for medical expenses deducted for Federal Income… read more
Barbara
Barbara
Enrolled Agent, Paralegal
11,227 satisfied customers
I came across the following conversation which I read as
I came across the following conversation which I read as saying that I can deduct medical expenses that are reimbursed with tax free per diem long term care reimbursements. Angie tonight came and said… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,659 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
in north carolina do i need to file a 1041 fathers estate?
in north carolina do i need to file a 1041 for my fathers estate? deceased 1/16/14 it was valued at 500,000… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,300 satisfied customers
my mom has been in a nursing home since june 2012. what paperwork
my mom has been in a nursing home since june 2012. what paperwork do i need to have on hand to do her taxes?… read more
tax-doctor
tax-doctor
Managing Partner
257 satisfied customers
My MIL moved into assisted Living Jan, 2012. We just found
My MIL moved into assisted Living Jan, 2012. We just found out that her claim for Long Term Care benefits was approved. She will be getting her first benefit payment in January of 2012 and it will cov… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
22,375 satisfied customers
Hi. I would like to know if I can deduct the cost of a single-premium
Hi. I would like to know if I can deduct the cost of a single-premium long-term care insurance policy I bought for myself in 2011. This is actually a "life insurance" policy which will pay long-term c… read more
Anne
Anne
Master Tax Preparer
2,551 satisfied customers
I share ownership of an LLC 50% with another partner; 100%
I share ownership of an LLC 50% with another partner; 100% of the membership interest is accounted for. We have no Operating Agreement. We want to bring in a new partner who would vest 20% membership … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,491 satisfied customers
My wife and I are looking at purchasing long term health care
My wife and I are looking at purchasing long term health care insurance. We have cash value life policies with Northwestern Mutual Life that pay more in dividends than the annual premiums. Our NML age… read more
Bill
Bill
Master's Degree
3,158 satisfied customers
I have heard of an estate management method where a person
I have heard of an estate management method where a person buys a Universal life insurance policy with a lot of cash (e.g. uses $9 million in cash to buy a $10 million policy) and uses the tax exempti… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 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

22,375 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