Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
I want to reimburse one my LLC's partners for his car
I want to reimburse one my LLC's partners for his car payment under an accountable reimbursement program.Is the car payment an eligible expense to deduct from the LLC's profit/loss?And... the percenta… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,353 satisfied customers
I use quickbooks online to do the books for my partnership
I use quickbooks online to do the books for my partnership LLC and I am currently categorizing transactions for a partners accountable reimbursement plan.The LLC covers his car payment, oil changes, i… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
9,581 satisfied customers
What kind of expense is a guaranteed payments on the p&l. I
What kind of expense is a guaranteed payments on the p&l. I use quickbooks online and I dont see guaranteed payment as available expense so I will need to create it as a sub category. Which one should… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,542 satisfied customers
Under my LLC's proposed accountable reimbursement plan, we
Under my LLC's proposed accountable reimbursement plan, we want to reimburse partners car payments, insurance, repairs and other vehicle expenses. We will only deduct the business portion of expenses … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,353 satisfied customers
Can my LLC cover a partners car payment and use it as an
Can my LLC cover a partners car payment and use it as an expense against taxable business profit since his car is used mostly for business?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,353 satisfied customers
I am in an LLC with a partner in South Carolina. If my
I am in an LLC with a partner in South Carolina. If my partner purchases a vehicle in his name (not the business name) and uses it for business, can we still utilize the Section 179 deduction? … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,353 satisfied customers
2 Partners in a partnership which is an LLC. One partner is
For LaneHi Lane,2 Partners in a partnership which is an LLC. One partner is going to lease a car in their own name and drives it for work. He wants the LLC to pay for the lease. How would that work fr… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,022 satisfied customers
I work as a Courier (delivery driver) and I'm an independent
I work as a Courier (delivery driver) and I'm an independent contractor. So no taxes are taken out of my checks which means I should owe alot of money at the end of the year. I do track all of my busi… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,353 satisfied customers
Tax filing questions: 1120 S Corporation: I have a vehicle
Tax filing questions: 1120 S Corporation: I have a vehicle that I want to write off expenses for in connection with my "S" Corporation business.I own a truck that I want to use for business. I am a co… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,353 satisfied customers
What are the income tax issued to Uber Partner / Drivers. What
What are the income tax issued to Uber Partner / Drivers. What Advantages do they have. Can they write off their milage Can they write off car payments Can they write off their Car Insurance.… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,022 satisfied customers
I have a part time job that they 1099 me. I use my own vehicle
I have a part time job that they 1099 me. I use my own vehicle for this job and i drive about 1600 miles a month for this job. Can i claim theses miles on my taxes? And will the amount of miles i driv… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,022 satisfied customers
Whats the best way to handle following Partnership LLC company.
What's the best way to handle following: Partnership LLC company. One of the two partners uses own car for 50,000 business miles. Reimburse him for 50,000 X .55(27,500) out of the partnership. Then cl… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
My wife is a partner in a NJ LLC company with 25% ownership.
My wife is a partner in a NJ LLC company with 25% ownership. I just received her partnership return from the business accountant, and have since forwarded to my own personal accountant. He has since q… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
If you have a job were you do a lot of traveling and own a
If you have a job were you do a lot of traveling and own a car just for work what are expenses for that car you can use as a tax deduction?… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My husband drives a lot for work - over 30,000 miles/year on
My husband drives a lot for work - over 30,000 miles/year on his personal car. He is the Dir. of Ops. for a restaurant group and drives between their many locations all day long. His employer pays for… read more
Guru_Guy
Guru_Guy
Doctoral Degree
1,634 satisfied customers
Do I have to own a vehicle in order to deduct expenses for
Do I have to own a vehicle in order to deduct expenses for gas and repairs (not depreciation) on Schedule C?… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I am a partner in a general partnership. We have a small ...
I am a partner in a general partnership. We have a small warehouse in city A. I also live in city A and do some work from home. Part of my work requires me to travel to city B, which is about 200 mile… read more
David Schneider
David Schneider
Tax Accountant
Self disciplined college classes
74 satisfied customers
How can I expense automobiles purchased by an LLC.
As principal of a small LLC in the state of New York, I need to know how I can expense the purchase of an automobile as a business expense. Can I claim the whole payment and insurance as an expense, a… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 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

6,039 satisfied customers

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

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

838 satisfied customers

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

Loren

Loren

Attorney

741 satisfied customers

Over 25 years practicing law

Robin D.

Robin D.

Senior Tax Advisor 4

23,416 satisfied customers

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

Megan C

Megan C

Certified Public Accountant (CPA)

8,667 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