Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
I received a 1099-MISC for a life insurance payout. Do I
I received a 1099-MISC for a life insurance payout. Do I need to report this if it's non-taxable? … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
5,257 satisfied customers
I just received a phone call from an NM consumer. His mother
I just received a phone call from an NM consumer. His mother resides in a nursing facility in AZ, he is mother's POA (son) and nursing home costs are coming out of an annuity purchased in AZ. Sorry about that. Consumer is upset that he is receiving a 1099 for NM state where he resides and wanted to know why the 1099 is not for AZ. How can I advise him? … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,320 satisfied customers
Elderly mother passed late in 2018. For 2018 tax return
Elderly mother passed late in 2018. For 2018 tax return preparation, will her daughter, who has Power of Attorney, file an income tax return for her deceased mother? And how will the expected refund b… read more
Barbara
Barbara
Enrolled Agent, Paralegal
11,770 satisfied customers
We moved my mother's retirement assets into an irrevocable
we moved my mother's retirement assets into an irrevocable trust, except 130,000$ which we put in a SIPA Annuity. Would the 130,000 not be taxed since it was reinvested? Should I have received any inf… read more
Bill
Bill
Master's Degree
3,160 satisfied customers
I am an American citizen living in Mexico. My partner (we
I am an American citizen living in Mexico. My partner (we are not married) is Mexican. I have no children, my parents are gone, my only sibling died last year. Substantially all of my assets, except m… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,996 satisfied customers
In April of 2014, my mother fell at home. She suffered a compression
In April of 2014, my mother fell at home. She suffered a compression fracture and spent a week in a hospital, and then was transferred to a nursing home. I went to a lawyer and got power of attorney o… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
Can an 83 year old mom transfer her IRA to her daughters IRA
Can an 83 year old mom transfer her IRA to her daughters IRA without huge tax consequences ? The daughter has Durable Power of Attorney over all of her moms assets if that makes any difference. How is… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,659 satisfied customers
A nephew of mine has been given durable power of attorney for
A nephew of mine has been given durable power of attorney for his mother who is in a nursing home; she is in poor health and suffers from dementia. In order to pay expenses related to her care, he is … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,671 satisfied customers
My wifes mother passed away last December. Her father pre-deceased
My wife's mother passed away last December. Her father pre-deceased her mom two years before that. Her mother's Will names my wife and her sister as the sole heirs and beneficiaries. Her home is owned… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
I am the beneficiary of a non-qualified fixed annuity that
I am the beneficiary of a non-qualified fixed annuity that was on a monthly payout to my mother. At the time of her death, I was told that the account value is only $100 different than the "cost basis… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,671 satisfied customers
I put my mothers money in an annuity, and she passed away in
I put my mothers money in an annuity, and she passed away in Nov. of 2010, so I took $58,000 out of her annuity, and it was wire transfered to my checking account. I wrote 2 checks to my brother and s… read more
Bill
Bill
Master's Degree
3,160 satisfied customers
I have a complicated question. My dad goofed up on signing
I have a complicated question. My dad goofed up on signing his annuity thinking "joint owner" (my mom) meant she was the first beneficiary. They proceeded to list their 4 children as beneficieries of … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,671 satisfied customers
What is the best way to handle sale proceeds for my Mom. I
What is the best way to handle sale proceeds for my Mom. I relocated her from La to Tx, she is in poor health, living in assisted living. I am her power of attorney.… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
ok- 2 questions. My mom died and I recieved half her IRA for
ok- 2 questions. My mom died and I recieved half her IRA for 8155. I'm filing online and it says I need to give them the taxable amount for box 2a, but that is blank. How do I figure out what the amou… read more
Bill
Bill
Master's Degree
3,160 satisfied customers
If I deed my half share to my mom so she owns 100% in exchange
If I deed my half share to my mom so she owns 100% in exchange for a Life Estate Deed for me to live on property and that would state the property would not be encumbered/sold, etc. during the my life… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
42,671 satisfied customers
I am doing my mothers income tax. I have received a tabulation
I am doing my mother's income tax. I have received a tabulation of her income from the IRS. One section lists "Pensions & Annuities" ($15,952). Another section (1099-R) lists "Gross Distribution" ($14… read more
Bill
Bill
Master's Degree
3,160 satisfied customers
My mom gets a pension and a social security. This year it
My mom gets a pension and a social security. This year it seems I have to figure out her Taxable Income for both...how do I do that? Is there a calculation I can follow?… read more
Bill
Bill
Master's Degree
3,160 satisfied customers
I inherited money from a realtives Insurance/IRA after her
Customer Each beneficiary should have received a 1099-R showing their portion. As far as the incorrect amount in 2a, is the "taxable amount not determined" box in 2b also checked? If so, do not worry … read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 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