Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
I am filing taxes and do not have a final schedule k-1 for
Hi. I am filing taxes and do not have a final schedule k-1 for my LLC ( although my partner did leave the business last year) I am unsure of how to rectify that situation … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,599 satisfied customers
Simple questions about Form 1065 and K-1 for an LLC started
Simple questions about Form 1065 and K-1 for an LLC started this year … read more
Roxanne625
Roxanne625
Master of Accountancy
1,645 satisfied customers
Lane, I've got a scenario where a 1 man S-Corp (architect)
Lane,I've got a scenario where a 1 man S-Corp (architect) has taxable income of around $130k. No payroll was setup for it. I think in prior years the company wasn't that active and had less than $50k … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,260 satisfied customers
Does an Self employed individual file a 1099 because I do
Does an Self employed individual file a 1099 because I do not own a business? … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,599 satisfied customers
My wife and I file joint every year. I receive a W2 plus
My wife and I file joint every year. I receive a W2 plus stock transactions. My wife was a real estate agent in 2020 and received a 1099-NEC. Do we file taxes as we normally have or do we do some sepa… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,599 satisfied customers
Your previous answers were very helpful for us. Before we
Hi Mike, Your previous answers were very helpful for us. Before we file for 2020 just a quick question about 2019. We have filed form 1120/5472 for the year 2019 back in May-2020. But the single membe… read more
Diligent Mike
Diligent Mike
Attorney
Master's Degree
346 satisfied customers
I have a tax question. Can you help? It's my first time
Hi, I have a tax question. Can you help? JA: Hi there. Where are you currently located? Customer: It's my first time using this JA: How old are you? Do you have any dependents? Customer: This has noth… read more
Barbara
Barbara
Enrolled Agent, Paralegal
21,360 satisfied customers
Business Tax Question: My single-member LLC owns 50% of a
Business Tax Question:My single-member LLC owns 50% of a multi-member LLC (partnership). My smllc provides services to the partnership outside of our mmllc ownership and partnership duties. Should my … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
9,928 satisfied customers
I want to compare the tax liability of being an independent
i want to compare the tax liability of being an independent contractor vs an LLC electing s-corp for taxation (2553). I have a close friend who is trying to decide if it would benefit them tax wise to… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
9,928 satisfied customers
I received k-1's from multi-member LLC's that hold real
I received k-1's from multi-member LLC's that hold real estate investments - mainly land. I am a realtor but only a limited partner in these. The K-1's have deductions in line 13 code W - licenses and… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
9,928 satisfied customers
My wife and I have an LLC consulting company. we started
my wife and I have an LLC consulting company. we started using ADP for our 401 k plan this year. we also started using w-2 for our income. we did not have ADP take any retirement contributions out for… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,599 satisfied customers
My client owns a LLC and receive K-1. He has 401K in which
my client owns a LLC and receive K-1. He has 401K in which he contributes every year some money as Employer. is there any way to show that contribution in his K-1?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,260 satisfied customers
I am the Sole Owner of an S Corporation. I am living
Hi,I am the Sole Owner of an S Corporation. I am living overseas and qualify for the Foreign Earned Income Exclusion via the physical presence test.I will receive the profits from the S Corp in two wa… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,260 satisfied customers
2016 is the first year our company has W2 employees. There
2016 is the first year our company has W2 employees. There are 3 of us. We're all partners in the LLC. Previously we were 1099 employess. We cut checks throughout 2016 withholding the proper taxes but… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,260 satisfied customers
I recently retired from a medical group I was a partner in
I recently retired from a medical group I was a partner in this group and had a "buy-in" when I became a partner and a "buy-out" when i left. This amount was reported to me on a 1099 misc. Where do I … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,260 satisfied customers
, Can I set up a SEP plan and contribute 25% of profit
Hi, Can I set up a SEP plan and contribute 25% of profit from Schedule C. (I did not take any salary from the self employment though). I'm making estiomated taxc payments on the assumed profits, but n… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,416 satisfied customers
I am a sole owner of S. Corporation, retired and receiving
I am a sole owner of S. Corporation, retired and receiving SS benefits. I am providing some services to the company. I usually withdraw money from the company and charge it to my withdrawal instead of… read more
socrateaser
socrateaser
1,544 satisfied customers
My wife and I made $234,000 in Schedule C income this year
My wife and I made $234,000 in Schedule C income this year (no 1099s). She also made 46,000 in W-2 wages. We were not incorporated and not even registered sole proprietors. We want to set up a self-di… read more
Bill
Bill
Master's Degree
3,255 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