Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
We are doing our 2019 tax return now with TurboTax. We were
We are doing our 2019 tax return now with TurboTax. We were assessed a $3900. penalty for underpayment, but we paid 100% of our 2018 tax liability with quarterly estimates. We sold a real estate inves… read more
DK_CPA
DK_CPA
CPA
Master of Science in Accounting & Taxationb
1,812 satisfied customers
Sold some real estate in 2019 from a dissolved business. No
sold some real estate in 2019 from a dissolved business. No more capital gains income is coming in for 2020. Yet, I'm told by my tax preparer that quarterly tax payments are expected to be paid throug… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
44,090 satisfied customers
We ( wife and I) are selling our townhouse to our son. We
Second opinion] We ( wife and I) are selling our townhouse to our son. We have owned the townhouse for 6 years. We have never rented it. We own a home in a different location and have used it as our p… read more
Barbara
Barbara
Enrolled Agent, Paralegal
12,728 satisfied customers
We ( wife and I) are selling our townhouse to our son. We
We ( wife and I) are selling our townhouse to our son. We have owned the townhouse for 6 years. We have never rented it. We own a home in a different location and have used it as our primary residence… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
18,134 satisfied customers
I have a passive rental real estate investment that sold
I have a passive rental real estate investment that sold with a 1231 gain of $42,041, unrecaptured 1250 gain of $6143. Net income in current year of $7,555 and a previous year unallowed loss of $25,22… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,389 satisfied customers
My daughter had a small job and earned only $2,250 in 2019.
My daughter had a small job and earned only $2,250 in 2019. She also went to "school" to become a Real Estate agent. She incurred over $2,000 of expenses for 2019, but has not yet sold any property, t… read more
ALEX O
ALEX O
Partner O & G Tax
Master's Degree
714 satisfied customers
A man owns a 2.5% interest in a limited partnership which
A man owns a 2.5% interest in a limited partnership which owns 3 apartment buildings. He purchases the interest in 1982. He passes away in May of 2015 and the beneficiary of his partnership interest i… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
44,090 satisfied customers
Prior to 2018, I have had a NOL of about $750K and capital
Hello. Prior to 2018, I have had a NOL of about $750K and capital losses of about $1.5M. During the first quarter of 2018, I sold a real state investment that I have had for over 10 years and I had ca… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
44,090 satisfied customers
I quit my job last year and am now self employed. I set up
I quit my job last year and am now self employed.I set up an S Corp in March, 2019.I made a private loan that paid out in February, 2019.So far, I've had no other income this year. Do I need to pay es… read more
DK_CPA
DK_CPA
CPA
Master of Science in Accounting & Taxationb
1,812 satisfied customers
Robin, I am hitting the point in my company where soon I
Hi Robin, I am hitting the point in my company where soon I will be needing to pay quarterly tax estimates. I mentioned this to my accountant and I was sort of confused on his response, hoping you cou… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,818 satisfied customers
I have just received a check for $125k from my former
Hello, I have just received a check for $125k from my former employer for bonus payment from the sale of the company. There are no taxes taken out. Do I need to report this to the IRS now and pay some… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
18,134 satisfied customers
You referred me in our last conversation to Schedule 5:
Hi, You referred me in our last conversation to Schedule 5: "Making the payment online, does not require additional paperwork. As for where the payment will be reflected on the new Form 1040, that pay… read more
Tax.appeal.168
Tax.appeal.168
Principal
7,146 satisfied customers
My wife and I are retired. We sold $35K of Vanguard stock to
My wife and I are retired. We sold $35K of Vanguard stock to be used on a home addition. Do we need to pay estimated taxes for the 3rd quarter. … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
18,134 satisfied customers
I am a widow and my husband had a pension, i did not know
I am a widow and my husband had a pension, i did not know about until they notified me, long story short i received a lump sum plus a small monthly payment. My question do I file an estimated income t… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
18,134 satisfied customers
Is Capital Gains Tax due upon the sale of owned real estate
Is Capital Gains Tax due upon the sale of owned real estate or is it used as income for the year in which it is sold?… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,497 satisfied customers
I have just turned 73. I have recently sold two real estate
I have just turned 73. I have recently sold two real estate investments that are long term capital gains. What can I do to minimize the capital gains tax that I pay... and retain the maximum amount to… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
44,090 satisfied customers
Taxpayer, based of 110% of 2013 taxes, has estimated taxes
Taxpayer, based of 110% of 2013 taxes, has estimated taxes of 1,001,000 for 2014 . Then on April 30, 2014, taxpayer sold real estate on which he will owe an additional $1.500.000. Is he required to ad… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,665 satisfied customers
We sold an office/rental building in March, 2009 and I know
We sold an office/rental building in March, 2009 and I know we owe capital gains taxes on the real estate sold. We also pay our income taxes in on quarterly estimates. My question is when do we need t… read more
Merlo
Merlo
Tax Consultant
558 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

5,118 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

298 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

18,818 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,665 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