Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
I have a small corporation that I opened 3 years ago. The
Hi,I have a small corporation that I opened 3 years ago. The corporation incurred small losses over the these years and I want to close out this business. How can I utilize these losses on my personal… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,079 satisfied customers
If a c corp has a net operating loss and is dissolving
If a c corp has a net operating loss and is dissolving ......would the owner get a capital loss for the amount of capital stock and any shareholder loans to corp...also shareholder loans.....a non bus… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,079 satisfied customers
I have had a 25 year partnership that we may dissolve. We
I have had a 25 year partnership that we may dissolve. We have multiple properties in different corporations. We want distribute properties equally with equity and cash. Can we sell at an agreed to pr… read more
taxmanrog
taxmanrog
Master's Degree
1,849 satisfied customers
Just want to verify after reading the above discussion about
Just want to verify after reading the above discussion about a suspended nol in a dissolved c corp. Client operated as a c Corp for three tax years and lost money in each year, accumulating a loss of … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,079 satisfied customers
I started an LLC via LegalZoom years ago as a promise to my
HI. I started an LLC via LegalZoom years ago as a promise to my mother who was dying. She died before we could get it off the ground so it is an LLC in name only. I've never done anything with the com… read more
Barbara
Barbara
Enrolled Agent, Paralegal
11,888 satisfied customers
I have a small hedge fund which unfortunately went to zero
I have a small hedge fund which unfortunately went to zero this year, due to a what I would call "reckless" trader. Each investor lost everything in their capital account. Which includes their initial… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,079 satisfied customers
Question on idaho state taxes for a dissolved LLC. I have an
i have an accountant who gave me their opinion. Have some taxes due on the LLC but it has since been dissolved and a final tax filing was already submnitted. State Tax people saying that the taxes are still due. My accountant says that since the taxes are at the LLC level and it is dissolved that I don't have a personal obligation to pay them … read more
Barbara
Barbara
Enrolled Agent, Paralegal
11,888 satisfied customers
I have a few questions is there someone I can call? I have a
I have a few questions is there someone I can call? … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,079 satisfied customers
Thank you my question, A partnership was dissolved and the
Thank you for taking my question, A partnership was dissolved and the last K1 of one the partners shows a negative ending capital amount in section L (of the K-1). In other words, I assume that the pa… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,336 satisfied customers
I have a question about a transaction between a partnership
I have a question about a transaction between a partnership (Husband/wife owned 50/50) and an S-Corp ( law firm husband/wife are lawyers-same team) The partnership was set up to own a building that wa… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,079 satisfied customers
Where on a 1040 do I take an ordinary loss (IRC section 165) worthlessness of a pa
Where on a 1040 do I take an ordinary loss (IRC section 165) for the worthlessness of a partnership interest. The partnership is being dissolved and the partner has basis of aprox 16K… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,079 satisfied customers
Taxpayer is a partner in a partnership that has gone bankrupt.
Taxpayer is a partner in a partnership that has gone bankrupt. In addition, taxpayer loaned money to the partnership on a note. What is the tax treatment to the taxpayer on the worthless partnership i… read more
taxmanrog
taxmanrog
Master's Degree
1,849 satisfied customers
In 2006 my husband invested approx. 10K in a business started
In 2006 my husband invested approx. 10K in a business started by a friend. It was set up as an LLC. It never materialized into much and ultimately ceased operations at the end of 2012. We received k-1… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,079 satisfied customers
During 2013 I made capital contributions to a company registered
During 2013 I made capital contributions to a company registered overseas. Can I deduct those capital contributions from my tax return?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,079 satisfied customers
My business partner and I jointly own two NY LLCs. Both LLCs
My business partner and I jointly own two NY LLC's. Both LLC's own investment real estate (that's their sole purpose). We want to go our separate ways, so we want to trade between ourselves: I will ow… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,079 satisfied customers
I recently sold the assets of my business which was a C corp.
I recently sold the assets of my business which was a C corp. I used my retirement funds to start the business and was issued section 1244 stock in return. Later I invested $47,500 of personal funds t… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
I have a limited partnership interest with a negative basis ...
I have a limited partnership interest with a negative basis which is owned by another limited partnership with a positive tax basis. Can the one partnership withdraw from the negative basis partnershi… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,663 satisfied customers
Here is my question I currently have a partnership ...
Here is my question: I currently have a partnership with my three sisters, we four are in partnerhsip holding some land that my mother left us in her will. Three of the four of us want to sell the lan… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,663 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