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 bought 2 vehicles for about $8,500 each and have been
I have bought 2 vehicles for about $8,500 each and have been using them to rent out on a website called Turo.com.Will I have a tax advantage if I create an llc/Corp vs filing on my regular tax return … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
5,007 satisfied customers
If I have been collecting payment for invoices this year,
If I have been collecting payment for invoices this year, and now create a LLC, will all this years invoices be applied to that LLC. Is there a benefit to doing this?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,180 satisfied customers
My AC LLC have rental income from State of AZ, how should I
My AC LLC have rental income from State of AZ, how should I adjust the income in CA and report income on AZ tax return … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
18,716 satisfied customers
I have formed an LLC as a sole proprietor for music
I have formed an LLC as a sole proprietor for music publishing. On the W9, I was told to fill line 1 (by the performing rights organization) with the name of the LLC. Your thoughts. And do I fill out … read more
Alexander Efros
Alexander Efros
Financial Planner/Tax Specialist
Masters of Business Administration (MBA)
1,195 satisfied customers
I have a single-member LLC. I was not able to file my taxes
I have a single-member LLC. I was not able to file my taxes on time today so I file for an extension as an individual. I have been told that I do not need to file a separate extension for the single m… read more
Marcia Mitrano
Marcia Mitrano
MBA
62 satisfied customers
I hold 2 private financing notes for properties I sold. Can
I hold 2 private financing notes for properties I sold. Can I form a single member LLC and transfer private financing notes to LLC? Interest on notes would then be LLC's income. Could I then pay for s… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,180 satisfied customers
I'm trying to determine where I should form an LLC intended
Hi, I'm trying to determine where I should form an LLC for my intended business of purchasing, rehabbing and selling homes in the Washington DC and Queens NY areas (and potentially other areas if the … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
5,007 satisfied customers
My name is ***** *****.I have a single member LLC in South
Customer: Hello, my name is ***** *****.I have a single member LLC in South Carolina that had no income in 2015. The LLC does not have any assets, no employees and no creditors. Do I still have to fil… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,180 satisfied customers
I am entering tax information to the place that i will receive
i am entering tax information to the place that i will receive royalty payments for my book, if it sells. i decided to enter my LLC as the payee. i am the only owner on the choices there are individua… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
18,716 satisfied customers
My husband changed our horse farm business from a sole proprietorship
My husband changed our horse farm business from a sole proprietorship to a single member LLC midyear last year. Should we continue to file Schedule F for the entire year or do we need to file a differ… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,180 satisfied customers
I am trying to find out what you do about a federal ID number
I am trying to find out what you do about a federal ID number if you are going to do a statutory conversion from an S Corp to an LLC in Indiana and what type of tax return do you file?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
18,716 satisfied customers
i am an accountant that is preparing a client's LLC return
i am an accountant that is preparing a client's LLC return for the last few years. This is a single member LLC and I am going to report his income and expenses on Schedule C. Since the client was livi… read more
taxmanrog
taxmanrog
Master's Degree
1,977 satisfied customers
What federal tax form does a single member llc whose single
What federal tax form does a single member llc whose single member is an llc file on. The single member llc owns real estate and has income and expenses.… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,180 satisfied customers
US Federal Research and Experimentation Credit Im trying
US Federal Research and Experimentation Credit I'm trying to get a better understanding of how the federal r&d tax credit works, particularly for an LLC. Assume that an LLC starts, and exists of 1 sci… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,180 satisfied customers
Hi, I am preparing a LLC that was just incorporated in February,
Hi, I am preparing a LLC that was just incorporated in February, should I indicate a short year by listing fiscal year beginning as the incorporation date and treat 12/31/2012 as fiscal year ending? T… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
I have formed a company which is an LLC in Florida and want
I have formed a company which is an LLC in Florida and want to raise $1,000,000 for equipment purchase and operating expenses. The business plan calls for $600,000 for equipment costs with the remaini… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,180 satisfied customers
I have a single member LLC. I paid myself a Guaranteed Payment.
I have a single member LLC. I paid myself a "Guaranteed Payment." My LLC was profitable without the guaranteed payment, but showed a loss including the guaranteed payment, which I accounted for as an … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,180 satisfied customers
i have formed an LLC in Texas to start a franchise.
i have formed an LLC in Texas to start a franchise. since I'm the sole proprietor, can the LLC provide me, the LLC officer, with childcare reimbursement program? and if so, would the reimbursement be … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,180 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

5,614 satisfied customers

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

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

471 satisfied customers

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

Loren

Loren

Attorney

96 satisfied customers

Over 25 years practicing law

Robin D.

Robin D.

Senior Tax Advisor 4

20,197 satisfied customers

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

Megan C

Megan C

Certified Public Accountant (CPA)

8,666 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

< 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