Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
How do I sign up for your one-week trial? Can you see me?
I have an S-Corp - Just me, a medical transportation company. Are there any other potential write-offs other than gas and lease payments? I filed for an extension on my individual return and am filing an 1120 after I do my individual return. Is that the right ordier to file?… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,535 satisfied customers
I have a car That I use in my business every Day, The car is
I have a car That I use in my business every Day, The car is in my company name. can I get a tax write off on my Vehicle? and if so How much?… read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
1,467 satisfied customers
My wife sells Equestrian real estate as a real estate
Hi ....my wife sells Equestrian real estate as a real estate broker. She wants to write off her horse expenses (boarding, training, etc) against here business income in the S-Corp. Can she do this? … read more
Tax.appeal.168
Tax.appeal.168
Principal
7,241 satisfied customers
I own a part time Painting company. It's a sole proprietorship. I also have a full ti
I own a part time Painting company. It's a sole proprietorship. I also have a full time job so my business net profit gets lumped up with employment income and my tax bracket goes up. What is the best… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,818 satisfied customers
Where do S-Corp write off business use of (rented) apt? Put
Where do S-Corp write off business use of (rented) apt? Put part of rent of room on the books, but on personal 1040 would it be somewhere on Schedule E?… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,535 satisfied customers
How to classify business deduction of (s-corp) domestic corp
How to classify business deduction of (s-corp) domestic corp paying foreign corp for services to write it off as a business deduction on domestic corp. Any special ways to do this correctly?… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,099 satisfied customers
myvirtualcpa Partnership closes and is insolvent. One recourse
myvirtualcpa Partnership closes and is insolvent. One recourse debt remains for 22,000. The creditor has sued the partner for non-payment. Id this considered an assumption of the liability? Any COD in… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,665 satisfied customers
If I own a software consulting company, and I decide to invest
If I own a software consulting company, and I decide to invest 100k in a real estate project that is not related to my business, can I write the investment off as an expense through the company and ta… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,818 satisfied customers
What additional write offs can a C-Corp have (i.e health insurance )
What additional write offs can a C-Corp have (i.e health insurance?) verses another type of entity? Thank you...… read more
Richard
Richard
Tax Attorney
Doctoral Degree
5,118 satisfied customers
if I paid 20,000 of my personal money to pay off a business
if I paid 20,000 of my personal money to pay off a business debt and the business closed. Is this a bad debt on my federal return?… read more
RD
RD
Self Employed
Master's Degree
1,129 satisfied customers
If a company is allowed to contribute out of date goods to
If a company is allowed to contribute out of date goods to a private college and receive a 55% allowance, what would the botXXXXX XXXXXne of tax relief be for such a company. Would the company have ot… read more
RD
RD
Self Employed
Master's Degree
1,129 satisfied customers
I have started a corporation. Can I lease my automobile to
I have started a corporation. Can I lease my automobile to the corporation to cover the payments ..so that it can be expensed? i have an S corporation ..opened june 22 2010 ..small business ...i have … read more
Anne
Anne
Master Tax Preparer
2,575 satisfied customers
Hi, My husband and I were advised to change title on our property
Hi, My husband and I were advised to change title on our property to a Single Member LLC and form an S corp for my real restate business (I'm a real estate agent). 1) Can you tell me the pros and cons… read more
Gerri A Harrison CFP EA
Gerri A Harrison CFP EA
Financial advisor/Tax preparer
Bachelor's Degree
245 satisfied customers
I purchased an s corp in 2001. I paid 500,000.00 for the stock.
I purchased an s corp in 2001. I paid 500,000.00 for the stock. The business owned maybe 20,000.00 of equipment the rest is client list. I still owe about 220,000.00 on the stock. I cannot write off t… read more
Wayne Brasch
Wayne Brasch
Accountant and Business Consultant
Master Degree
718 satisfied customers
How to write off intercompany loans on an S Corp level?
I own an S Corp. with a 12/31 year end. I also own a C Corp. with a 9/30 year end. I have an intercompany loan that has accumulated over the years in the amount of 300,000. (the C Corp. owes the S Cor… read more
RD
RD
Self Employed
Master's Degree
1,129 satisfied customers
My spouse runs a daycare out of our home. A large ...
My spouse runs a daycare out of our home. A large percentage of our front and back yard are used regularly for our daycare (outside playground etc.) We installed a sprinkler system at our residences t… read more
Mic
Mic
CEO
Working on PhD in Hypnotherapy
174 satisfied customers
HOW SHOULD I PREPARE FOR PAYING TAXWS WHEN USING A 1099 FORMAT
I HAVE JUST STARTED A NEW JOB ..I AM A STOCKBROKER AND NOW I WILL BE PAID WITH NO TAXES OR SOCIAL SEC.TAKEN OUT BASICLY 1099 ...SHOULD I SET UP AN S.CORP ?WHAT IS THE BEST WAY TO PEPARE FOR THE END OF… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
34,033 satisfied customers
can you write off building costs of a shed, if it is used ...
can you write off building costs of a shed, if it is used to store legitimate business materials. My business is a sub chap S corp and is legit, just not sure if I can write off the 3000+ in bills for… 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