Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
Need someone who can help me with turbo tax for business,
Need someone who can help me with turbo tax for business, file a 1041 for an irrevocable trust. … read more
Stephen G.
Stephen G.
Sr Income Tax Expert
Bachelor's Degree
10,130 satisfied customers
I need to know how to report income and pay tax on a Grantor
I need to know how to report income and pay tax on a Grantor Trust set up for my son by his father. … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
20,724 satisfied customers
Trying to fill out 1041 and understand what Date of entity
trying to fill out 1041 and understand what Date of entity created means? … read more
ALEX O
ALEX O
Partner O & G Tax
Master's Degree
5,141 satisfied customers
In case you're around. I am trying to prepare a tax return
Stephen - in case you're around. I am trying to prepare a tax return for an irrevocable, grantor trust (I am grantor + trustee). Now, I need the trust to issue a 1099 to me, which I will then include … read more
Stephen G.
Stephen G.
Sr Income Tax Expert
Bachelor's Degree
10,130 satisfied customers
My wife and I are US citizens. We have a simple revocable
Second opinion] My wife and I are US citizens. We have a simple revocable living trust. (We are both Trustee with equal share)The trust has a few residential real estate in California USA, rented out … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,365 satisfied customers
I am considering putting some money into an irrevocable
Second opinion] I am considering putting some money into an irrevocable trust designating 1 or 2 of my children as trustees. This is money which I inherited from my Mother upon her death last year. Mu… read more
Mark Anderson
Mark Anderson
Attorney
Doctoral Degree
1,056 satisfied customers
I started a trust fund last year for 3 grand children and 3
I started a trust fund last year for 3 grand children and 3 great grand children and for my husband and I. I received 1099-DIV's for each. How do I report these? The 3 grand children show capital gain… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
40,873 satisfied customers
I am filing taxes for a person who had a revocable trust
I am filing taxes for a person who had a revocable trust while alive and then died. I know it would have been a grantor trust and normally a 1041 would have not been filed while he was alive. However,… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
20,724 satisfied customers
A man has all his assets in a living trust. The income is
A man has all his assets in a living trust. The income is paid to his wife's benefit after his death. After her death, the assets are distributed to his children (she has her own who do not get anythi… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
40,873 satisfied customers
A husband & his wife set up a revocable trust in June, 2014.
A husband & his wife set up a revocable trust in June, 2014. They apply for & receive an EIN from the IRS. The trust owns mutual funds. The IRS notice indicates the Trust must file a Form 1041 for 201… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
20,724 satisfied customers
My mom has created an irrevocable trust and moved all most
My mom has created an irrevocable trust and moved all most of her assets into it. I am the trustee and me and my brother are the beneficiaries. The trust only generated $82 in basic interest in a mone… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
Does the answer cost anthing? How much? I have a friend
Does the answer cost anthing? How much? I have a friend who had a revocable trust with his wife. She died in 2013. In Sept he said he opened a new trust and cancelled the first. He has no special ein … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
20,724 satisfied customers
Dividends and capital gains realized in an educational trust
Dividends and capital gains realized in an educational trust should be taxed to the beneficiary children or to the trustee or grantor?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
40,873 satisfied customers
My children are beneficiaries of a simple trust. Is the trust
My children are beneficiaries of a simple trust. Is the trust income requirement for filing $600? I am confused because the tax calculation schedule G form 1041 shows 15% tax on amounts $0 to $2400 do… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
20,724 satisfied customers
My ex spouse owes me $100,000. She has a living trust (revocable)
My ex spouse owes me $100,000. She has a living trust (revocable) in California where I am sure she has transferred her property and other assets. She claims it only acts as a living will and that she… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,153 satisfied customers
Are all foreign trusts considered grantor trusts for IRS purposes
Are all foreign trusts considered grantor trusts for IRS purposes and therefore required to file income on 1040? I am part of a foreign trust and need to figure out if I should file a 1041 or a 1040. … read more
Jax Tax
Jax Tax
Senior Tax Attorney
Master's Degree
1,394 satisfied customers
My mother had a revocable trust and my father had the right
My mother had a revocable trust and my father had the right to use the income/interest to the trust. When she passed away an EIN was gotten and my father put it in as a grantor trust on the Form 1041 … read more
Stephen G.
Stephen G.
Sr Income Tax Expert
Bachelor's Degree
10,130 satisfied customers
Father and Mother had living revocable Trusts. Father died
Father and Mother had living revocable Trusts. Father died in 2007 and his Trust became irrevocable. Mother has Alzheimer's. I am the Trustee for the Trusts. Can I file a joint 1040 for Mother and Fat… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 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