Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
Lane: We have invested in a whole sale business. The guy who
Hi Lane: We have invested in a whole sale business. The guy who is managing turned out to use our funds for other purposes. After filing a suit, he is paying 75,000 PM towards refund of our Principal … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,740 satisfied customers
I have a question regarding inherited LLC and 754 step-up
I have a question regarding inherited LLC and 754 step-up basis.So my step-father has invested in 3 LLCs with $100,000 in cash invested in each LLC, and I inherited his interests as a beneficiary of h… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,740 satisfied customers
I have a question on debt-financed distribution. I am
Hi, I have a question on debt-financed distribution … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,740 satisfied customers
I have sold an MLP. The ba. I have sold an MLP. The
I have sold an MLP. The “Adjsutments to Basis” shown on the gain/loss calculation is a negative number. I sold for much less than I paid for the MLP. Does that negative basis adjustment make my loss greater or less? … read more
Carter McBride
Carter McBride
LLM
3,837 satisfied customers
I need help with a JE related to a buyout of a member in an
Hey! I need help with a JE related to a buyout of a member in an LLC … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,539 satisfied customers
Introducing a new LLC member and researching whether partner
Introducing a new LLC member and researching whether partner capital accounts need to be aligned to match ownership percentages immediately following entrance of new member. In my case, existing 50/50… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
5,293 satisfied customers
Hi, our company was approached recently by a large industry
Hi, our company was approached recently by a large industry player to buy into our business, either on outright basis or % of the existing shares. What will be the proper way to value the business? Ou… read more
PDtax
PDtax
Owner
Master's Degree
5,011 satisfied customers
Hi - this question is regarding a IRC §83(b) election. So,
Hi - this question is regarding a IRC §83(b) election. So, if my business partner A gifts to me 24 shares of his stock there is no tax liability to me whatsoever, correct? The IRC §83(b) is only in re… read more
taxmanrog
taxmanrog
Master's Degree
1,849 satisfied customers
I am trying to establish the number of shares that I should
I am trying to establish the number of shares that I should offer investors for my start-up. I am trying to raise $4.5 M from investors. I have distributed ownership of the company as follows: 36 perc… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,104 satisfied customers
This may be more relevant for a securities lawyer, but I have
This may be more relevant for a securities lawyer, but I have a feeling you will know the answer to this: How would you describe what the "Breakpoint Value" of a privately held company is? I see this … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,740 satisfied customers
Issue relates to preparation of partnership tax returnThere
Issue relates to preparation of partnership tax return There are 3 equal partners, Original formation of partnership property was not contributed equally. One partner contributed property from which w… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,099 satisfied customers
I am considering investing in a small startup C-Corp that has
I am considering investing in a small startup C-Corp that has an exceptional product concept. I want to have a 40% ownership interest in the business right away and influence the business direction. (… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
2,693 satisfied customers
Determine the tax payer gross income for tax purpose: a) Deb,
Determine the tax payer gross income for tax purpose: a) Deb, a cash basis taxpayer, traded a corporate bond with accrued interest of $300 for corporate stock with a fair market value of $11,000 at th… read more
Dave CPA
Dave CPA
Master's Degree
740 satisfied customers
A corporation had two shareholders, and one sold his stock
A corporation had two shareholders, and one sold his stock to the company for $950,000, and received $1,560,000, which was recorded as Treasury Stock. He retained 5 shares and the basis of his shares … read more
geedubya55
geedubya55
Owner
Bachelor
171 satisfied customers
Charles Greiner- are you a finance Major as i am taking a Finance
Charles Greiner- are you a finance Major as i am taking a Finance class and need help with 3 moduels pertaining to Finance they cover Double-Entry Accounting Accrual Accounting Adjusting Entries The C… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
2007 Income tax return for a minor in North Carolina and AMT
I am the trustee for a minor would was left $30,233 from a deceased unrelated person. She was a beneficiary so it passed outside of the will. There was $6047 withheld of federal tax. No state tax was … read more
RD
RD
Self Employed
Master's Degree
1,129 satisfied customers
I sent this question in once before; however, I am not sure ...
I sent this question in once before; however, I am not sure that I gave sufficient detail to trust the answer that I received. So, I am asking it again...this time with more detail....................… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
THESE ARE TRUE OR FALSE QUESTIONS 1. Since the sales ...
THESE ARE TRUE OR FALSE QUESTIONS: 1. Since the sales price per unit generally decreases with volume and the cost per unit generally increases with volume, the true breakeven point may be different fr… read more
RD
RD
Self Employed
Master's Degree
1,129 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