Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
Do you have a reference url that addresses the ability to
Do you have a reference url that addresses the ability to self select which payroll costs are forgiven and which are used for ERTC?… read more
Carter McBride
Carter McBride
Certified Public Accountant (CPA)
LLM
9,178 satisfied customers
Credit for 2020, a small restaurant has only two employees.
For Employee Retention Credit for 2020, a small restaurant has only two employees. Small restaurant got PPP Loan of $21,108 and 60% of it was for Wages. The PPP Loan got used up in second quarter. For… read more
Carter McBride
Carter McBride
Certified Public Accountant (CPA)
LLM
9,178 satisfied customers
My taxes are on a K1 1120-s form not on a schedule c. Am I
My taxes are on a K1 1120-s form not on a schedule c. Am I eligible for ppp … read more
Carter McBride
Carter McBride
Certified Public Accountant (CPA)
LLM
9,178 satisfied customers
Have a question regarding Employee retention credit for
have a question regarding Employee retention credit for 2020. My business qualifies for quarter 2 2020 because the the receipts were 50% less than 2019. If the wage for an employee for the quarter is … read more
Carter McBride
Carter McBride
Certified Public Accountant (CPA)
LLM
9,178 satisfied customers
Can I do an employee retention credit even if the PPP loan
Can I do an employee retention credit even if the PPP loan has not been paid back? In other words if the PPP loan is forgiven can I do employee retention credit?Thank you, Prashant… read more
Marcia Mitrano
Marcia Mitrano
MBA
129 satisfied customers
I have a S Corp and got PPP round 1 loan. To be compliant
I have a S Corp and got PPP round 1 loan. To be compliant with PPP as a self-employed with no payroll, what forms should I file for payroll so I will be in compliance with PPP and not have a personal … read more
Carter McBride
Carter McBride
Certified Public Accountant (CPA)
LLM
9,178 satisfied customers
Employee Retention Credit rules], So, here is the info on
Employee Retention Credit rules]Hi Carter,So, here is the info on the deposits to my s-corp bank account, divided in quarters. I'm a solo s-corp.Q1-2019 — $15566.98 Q2-2019 — $17739.26 Q3-2019 — $2794… read more
Carter McBride
Carter McBride
Certified Public Accountant (CPA)
LLM
9,178 satisfied customers
Does the new ERTC apply to retroactive 2020 wages even if a
Does the new ERTC apply to retroactive 2020 wages even if a ppp loan was obtained, assuming those wages were above and beyond the ppp loan amount? Please provide url source reference in answer.… read more
Fred Rook
Fred Rook
Corporate Controller
BSBA
1,047 satisfied customers
Can you clarify about the new ERC under cares act? So if an
Can you clarify about the new ERC under cares act? So if an employee wages is $3k per month or $12k per quarter, the employer can get $7k back for that quarter? Also, is there a limit of number of emp… read more
Carter McBride
Carter McBride
Certified Public Accountant (CPA)
LLM
9,178 satisfied customers
If a self employed person got the ppp loan are they still
if a self employed person got the ppp loan are they still eligible for the credit paid sick leave and family paid sick leave ppp mean the paycheck protection loan and if they have no employees can the… read more
Carter McBride
Carter McBride
Certified Public Accountant (CPA)
LLM
9,178 satisfied customers
ERC I am trying to help a client with the ERC as it applies
For Carter ERCHey- I am trying to help a client with the ERC as it applies to 2020 and am a little confused with what I have read.1. I know you have until 1/31 to submit Q4 941 to claim ERC. If it has… read more
Carter McBride
Carter McBride
Certified Public Accountant (CPA)
LLM
9,178 satisfied customers
Rick I am helping with a PPP Loan forgiveness application
Hi Rick I am helping with a PPP Loan forgiveness application for one of my clients and I have a few questions in regards ***** *****1. Loan covered period: The loan was funded to the loan account 4-7-… read more
JeffS6413
JeffS6413
Principal/Advisor
Master's Degree
2,366 satisfied customers
Client received a PPP loan for $40,906 and an EIDL for
Client received a PPP loan for $40,906 and an EIDL for $6,000. What forms need to be filled out and what payroll periods need to be obtained .… read more
Barbara
Barbara
Enrolled Agent, Paralegal
20,958 satisfied customers
Payroll for PPP / S-corp owner employee / Retirement] My
Payroll for PPP / S-corp owner employee / Retirement]My situation: A solo S-corp owner employee. I received $9489 for PPP loan at the end of June. I am trying to use the fund dividing in 2 months payr… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
9,581 satisfied customers
I received my PPP loan funds on 5/7/2020. My initial 8 week
I received my PPP loan funds on 5/7/2020. My initial 8 week covered period will expire on 7/1/2020. Do I qualify for the 24 week covered period or were my funds received too early to qualify?… read more
JohnM528
JohnM528
CPA
Masters of Accountancy
95 satisfied customers
I requested a phone call to discuss this and they charged me
Hey Jeff. I requested a phone call to discuss this and they charged me $52.00 but some other expert called and left a message, I want to talk to you please.… read more
Jeff Beck
Jeff Beck
CPA
BBA - Accounting and Business Management
92 satisfied customers
I am trying to understand how I can use the PPP funds so
I am trying to understand how I can use the PPP funds so that the loan is forgivable … read more
Carter McBride
Carter McBride
Certified Public Accountant (CPA)
LLM
9,178 satisfied customers
Lane, for PPP to be forgiven, do you have to keep and pay to
Lane, for PPP to be forgiven, do you have to keep and pay to the same employees or, if original employees left (because they afraid to work due to COVID-19), but new were hired, would that qualify for… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,009 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