Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
I had a legal question and received a response from a
I had a legal question and received a response from a lawyer. I now have a related tax question. I have a Judgment against a contractor for actual damages and exemplary damages plus legal fees etc. I … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,762 satisfied customers
My boss wants to write off an uncollectible debt from 2012
My boss wants to write off an uncollectible debt from 2012 but he does not want it to effect the account year....how do I do this (say the amount is $4000.00) … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
7,744 satisfied customers
I would like to know the best method for handling the
I would like to know the best method for handling the dissolution of an s corp to minimize tax liability. The owner of the S corp was the sole shareholder of a dental practice and passed away suddenly… read more
PDtax
PDtax
Owner
Master's Degree
5,628 satisfied customers
I took out a student loan in my name for my daughters
I took out a student loan in my name for my daughters college with the expectation of her paying me back after graduation. She has decided not to repay me. What are my best options for writing off thi… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
20,865 satisfied customers
How do I write off a $40,000 lost business investment? I
How do I write off a $40,000 lost business investment? I invested in a restaurant 8 years ago and the business failed 3 years ago. I never saw a return on this investment… read more
Tax.appeal.168
Tax.appeal.168
Tax Accountant
9,101 satisfied customers
I have a question re Writing off a business loan....that can
I have a question re Writing off a business loan....that can be written off against my business income rather than just $3000 tax loss per year on my personal income tax filing. case: In 2009 I made a… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,762 satisfied customers
I am filing a delayed tax return I want to write off a bad
I am filing a delayed tax return for 2014 I want to write off a bad debt I am being advised the IRS will challenge writing off a bad debt - the IRS will claim it is a gift. I have a promissory note an… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,762 satisfied customers
In 2014 I concluded the sale of my business. The net capital
In 2014 I concluded the sale of my business. The net capital gain was $82,000 the loan I want to write off was a personal loan with a balance of $35,000 owed. The payments had stopped and phone calls … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,135 satisfied customers
My sister and brother I law lent 60,000 to me building
My sister and brother I law lent 60,000 to me for a building project. The project failed and they took possession of the land they held for collateral. They are writing the balance 25,000 off as capit… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,135 satisfied customers
Q. A US entity is required to issue a 1099-C when it writes
Q. A US entity is required to issue a 1099-C when it writes off any debt in his books and claims it as a deduction towards its taxable income. What is the legal and accounting position to be taken to … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
20,865 satisfied customers
I am trying to figure out how to write off some bad debt.
I am trying to figure out how to write off some bad debt. I have sued this particular guy and I see no reason I will lose. However, I am still quite certain I will never see a penny of this money. Can… read more
Tax.appeal.168
Tax.appeal.168
Tax Accountant
9,101 satisfied customers
As a small Physical Therapy Clinic, I regualarly write off
As a small Physical Therapy Clinic, I regualarly 'write off' a significant amount of billed service that I believe will never be paid by my client. Can I use this documented amount as 'Charity Care' o… read more
Tax.appeal.168
Tax.appeal.168
Tax Accountant
9,101 satisfied customers
I had investors that put money into opening a business. The
I had investors that put money into opening a business. The business failed and I would like to find out how they can write off their investment. They were not named as members on our LLC, so we could… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,762 satisfied customers
Were in the 28% tax bracket this year, but that could go up
We're in the 28% tax bracket this year, but that could go up if we convert my conventional IRA to a Roth IRA. We had a $50,000 home loan - 30 year amortization/5 year balloon, 2 years old wiped out th… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I was given a check for $100,000.00 to repay a loan. The check
I was given a check for $100,000.00 to repay a loan. The check was drawn on a closed bank account. Under Florida statutes this is fraud. The person who wrote the check has been convicted and the money… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I am a sole proprietor with a small private therapy ...
I am a sole proprietor with a small private therapy practice. Can I write off the medical underpayments I receive from Medicaid and other 3rd party insurance reimbursers. For example, I may bill $140.… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,762 satisfied customers
I am a private practice occupational therapist. Can I ...
I am a private practice occupational therapist. Can I write off uncollected insurance 20% copays and deductibles that have been attempted at least 3 times to collect. And those copays who are true fin… read more
Sandi Hargrove, SkyHawks
Sandi Hargrove, SkyHawks
Master Tax Pro and Enrolled Agent
Master Degree
1,254 satisfied customers
i am a physician and have a private practice. I am ...
i am a physician and have a private practice. I am wondering about my tax liability. my projected tax liab is 50,000 (as per my accountant). I want to know if my accountant is right. How do doctors an… read more
Wayne Brasch
Wayne Brasch
Accountant and Business Consultant
Master Degree
718 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

5,764 satisfied customers

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

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

626 satisfied customers

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

Loren

Loren

Attorney

372 satisfied customers

Over 25 years practicing law

Robin D.

Robin D.

Senior Tax Advisor 4

20,865 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