Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
I am the trustee for a friend who died last year. I am ready
I am the trustee for a friend who died last year. I am ready to make distributions to the beneficiaries. Is there a requirement that I withhold taxes on their distributions for them? … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
44,388 satisfied customers
I am a Texas resident. Have inherited from a cousin,
I am a Texas resident. Have inherited from a cousin, resident of Washington state. After all Federal and Washington State taxes have been paid by the Estate, am I taxed on my inheritance? … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
44,388 satisfied customers
I need to ask a question about trusts. There were 4 kids in
I need to ask a question about trusts. There were 4 kids in my family. I am the oldest. My dad was an undertaker and he and my mom set up several trusts for us kids. One was an irrevocable income trus… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
44,388 satisfied customers
Am seeing conflicting answers. Am trustee for my late
Am seeing conflicting answers. Am trustee for my late mother, who had set up a living trust which became irrevocable on her death. We are selling the house and I am filling out SS-4 form for the trust… read more
Tax.appeal.168
Tax.appeal.168
Principal
7,232 satisfied customers
I am receiving $$$ for managing a trust. I received a modest
I am receiving $$$ for managing a trust. I received a modest amount this year which I assumed was going to be taxable to me. It was issued on a K1 box 12 A as an AMT. I have been back in school this y… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
44,388 satisfied customers
Do you charge fees? My Common Law wife died last year.
My Common Law wife died last year. Several months before she passed she took a lump-sum payout of an IRA without withholding any funds for tax purposes. No one in our family was aware she did so, she always had withholding done before, never had taxable income in recent years, and always got a refund. Her last distribution was large enough to require taxes for 2017. All of her assets have been distributed to other creditors and heirs, leaving no funds available to pay Federal Income Taxes. As the executor of her estate am I required to pay her tax burden? … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
44,388 satisfied customers
My father, a Belgium resident, had purchased an apartment
Hello:My father, a Belgium resident, had purchased an apartment many years ago through a company (similar to a LLC) in Belgium. He died a in 2014 and we should be able to complete the inheritance proc… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
5,682 satisfied customers
Looking for a quick help from a CPA around building a trust
Hi, My name is***** for a quick help from a CPA around building a trust and CA Beneficiary Taxation rules … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,531 satisfied customers
Lane, (following the laws) I wish to be the Trustee and one
Lane, (following the laws) I wish to be the Trustee and one of the beneficiaries of an Irrevokable Trust that is the Shareholder of the C Corp. previously discussed. I am aware I can not be the "Grant… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
18,215 satisfied customers
I am selling my deceased mother's home as the trustee. My 3
I am selling my deceased mother's home as the trustee. My 3 siblings are successor trustees. Per California form 593-C, my mother lived in her home for 2 years within the 5 year period prior to the sa… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
44,388 satisfied customers
I am executor of a trust. I have completed the 1041. I reside
I am executor of a trust. I have completed the 1041. I reside in DC. My father who created the trust, died in NC. NC told me they only tax income generated in NC and/or beneficiaries who are residents… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,531 satisfied customers
The revocable grantor Trust that I set up 35 years ago owns
The revocable grantor Trust that I set up 35 years ago owns for the last 8 years all the stock in a closely held Virginia C-corporation that performs health management services but has a minimal posit… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,406 satisfied customers
I am a beneficiary of a trust, and received a distribution
I am a beneficiary of a trust, and received a distribution last year. I received a 1099-R form last week. Should I also be receiving a K1?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
18,215 satisfied customers
you answered 3 years ago to someone: "This means that what
you answered 3 years ago to someone: "This means that what you will really be doing is a Lump Sum distribution from the US IRA. The US-UK tax treaty does cover this subject. Article 17 of the treaty d… read more
Barbara
Barbara
Enrolled Agent, Paralegal
12,927 satisfied customers
My wife is trustee for a deceased sons estate; he died during
My wife is trustee for a deceased son's estate; he died during 2009. The funds are banked and being used for educational expenses for his two 21-year old sons. I have our joint return all but ready to… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,406 satisfied customers
Is a trustee of a trust required to report the status of the
Is a trustee of a trust required to report the status of the money and investments in the trust to the bneficiaries… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
44,388 satisfied customers
I own a $130,000 valued property that I would like to gift ...
I own a $130,000 valued property that I would like to gift to 5 of my children and grand children iand to my wifes mother who is 95 years old in a Florida land trust. My oldest son would be the truste… read more
Theresa Romaker
Theresa Romaker
Clinical Psychologist
Master Degree
628 satisfied customers
Can my sisters and I receive whatever amount of this IRA remains or do
My father has an IRA worth $400,000. If he dies it will go to my mom who is in a nursing home. When she dies it will go to my two sisters and I. What are the options in terms of distribution and taxat… read more
Jon Andrews
Jon Andrews
CPA
3,038 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