Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
I cannot complete my Free file return as it stalls at the
I cannot complete my Free file return as it stalls at the 1099 NEC. I haven't had a business license with Washington state since 2017 as I stopped doing craft shows and have only 1 gallery where I sel… read more
PDtax
PDtax
Owner
Master's Degree
6,509 satisfied customers
I received a 1099-NEC from a local racetrack for the amount
I received a 1099-NEC from a local racetrack for the amount of money awarded to me for winning several car races in 2020. According to taxhawk software, I must file a Schedule C with this 1099 as self… read more
Rick
Rick
MBA
11,854 satisfied customers
Lev - Self-Employed invoiced vendor and was paid for except
Good Evening Lev - Self-Employed invoiced vendor and was paid for except one payment. The vendor has ignored my demands of payment against my invoice of $3,000.00. I have also requested a 1099-NEC and… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,360 satisfied customers
I want to deduct my raffle ticket cost from my taxes. This
I want to deduct my raffle ticket cost from my taxes. This is for the National Corvette Museum. In my opinion, they pay for cost of the car from the factory and the remaining money is used by the 501 … read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,603 satisfied customers
Does one send out applicable 1099 NECs if counted as an
second opinion] Does one send out applicable 1099 NECs if counted as an expense vs depreciation method and is one way vs the other allow for a different exemption amount or the same amount just deprec… read more
Roxanne625
Roxanne625
Master of Accountancy
1,642 satisfied customers
I have had an established dirt track racing business for
I have had an established dirt track racing business for years, can't I didn't some of the expense that I have. It works out to hundreds of thousands a yr. … read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
3,014 satisfied customers
I won 50k in Company sponsered Sweepstakes for thier
I won 50k in Company sponsered Sweepstakes for thier emplyees here in Texas. They paid me the winnings Direct Deposit with my paycheck. They placed cash winnings in the section under earning. They too… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
9,582 satisfied customers
Our daughter is an athlete with income less than $3000. We
Our daughter is an athlete with income less than $3000. We are claiming her as dependent. How should she file her taxes? We provide more than 50% of her support and she lives with us. Thank you… read more
Tax.appeal.168
Tax.appeal.168
Tax Accountant
9,468 satisfied customers
I own race horses and receive a 1099 from my trainer each year
I own race horses and receive a 1099 from my trainer each year for purses winnings which I report as other income on my 1040. I deduct the related expenses (up to the winnings) on schedule A miscellan… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,549 satisfied customers
I own a race car and have several sponors. I would like to
I own a race car and have several sponors. I would like to set this up as a business to deduct the expenses. My primary occupation has nothing to do with racing. What is the best type of business for … read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,761 satisfied customers
I am a horse trainer and have a group of girls that ride with
I am a horse trainer and have a group of girls that ride with me as a "club", entering IEA horse shows to earn a letter from their various high schools, since the schools do not have individual teams.… read more
Shane-CPA
Shane-CPA
CPA, PFS, CGMA
251 satisfied customers
If I made a significant amount of money betting on horse racing
If I made a significant amount of money betting on horse racing online - say $2000 average per week - would I have to declare the winnings as earnings thus be subject to income tax, or could it be cla… read more
Tax.appeal.168
Tax.appeal.168
Tax Accountant
9,468 satisfied customers
If you reported someone to the IRS for not filing or paying
If you reported someone to the IRS for not filing or paying taxes how do you ever know that they are doing anything about it. My ex husband stopped filing taxes because it is not constitutional and he… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,360 satisfied customers
21 year old student, parents claim him, works full time, has
21 year old student, parents claim him, works full time, has a part time "hobby" income for racing cars. Well last year he got a 1099 and had a lot of expenses so I did a Schedule C and ended up with … read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 satisfied customers
I am the sole proprietor of a small business. I would like
I am the sole proprietor of a small business. I would like to lower my tax burden. I enjoy atv and dirt racing an it is about the only non-essential thing I spend money on. I am considering starting a… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My teenaged son is an accomplished chess player who competes
My teenaged son is an accomplished chess player who competes in many tournaments. Cash prizes that he wins at these tournaments are reported on 1099-MISC forms as "Other Income" (box 3). These amounts… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,360 satisfied customers
i am a college student who has been racing stock cars for ...
i am a college student who has been racing stock cars for the past 5 years. my tax preparer would not let me file a schedule c as she said it is considered a hobby. this year my 1099's were from 2 dif… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,360 satisfied customers
I have a race team that I compete at Texas Motorspeedway ...
I have a race team that I compete at Texas Motorspeedway and other tracks across Texas. The track promoters pay prize money, but not enough to break even unless you win consistently. I have not incorp… read more
R. Greg Paszkiewicz
R. Greg Paszkiewicz
Accountant
Bachelor Degree
140 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