Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
I received this email from the sba after finishing my ppp
Hello I received this email from the sba after finishing my ppp forgiveness application.Your direct forgiveness request for SBA Loan # has been completed and payment to the lender was confirmed. Pleas… read more
Rick
Rick
MBA
20,961 satisfied customers
Lane, I have a client who has an S Corp who would like to
Hi Lane, I have a client who has an S Corp who would like to pay off his personal IRS debt and who got a Covid 19 EIDL loan adequate to pay it all off. My first idea is it is not a busienss expense, b… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
22,517 satisfied customers
This is a general question about SBA loans and the law, but
This is a general question about SBA loans and the law, but not directly tax. I am giving a hypothetical example to make it simple. Suppose a S Corp has 200k gross receipts and 140k expenses in 2019 a… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
22,517 satisfied customers
I do have an additional financial matter relating to an EIDL
Yes, I do have an additional financial matter relating to an EIDL SBA loan. Is there someone that can help with that? … read more
Yaw, CPA
Yaw, CPA
6,077 satisfied customers
For SBA Section 1112 loan subsidy payments, I was told to do
For SBA Section 1112 loan subsidy payments, I was told to do research in Bloomberg tax to find out if they are taxable in states even though on federal taxes it is not taxable. Is their any other way … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
10,932 satisfied customers
For the PPP loans my company received part of it was stolen
For the PPP loans my company received part of it was stolen via wire transfer by fraudulent company who was supposed to take care of payroll. My question is can the part that was stolen be forgiven by… read more
Rama-CPA
Rama-CPA
President
Bachelor's Degree
2,192 satisfied customers
I received an EIDL SBA Disaster loan last year and I am
Hello, I received an EIDL SBA Disaster loan last year and I am working on my Quickbooks accounting. Normally when you receive a loan, you post it on the Balance Sheet and make payments to the SBA post… read more
Rick
Rick
MBA
20,961 satisfied customers
I have a side business trading stocks. I receive 1099s from
Hello, I have a side business trading stocks. I receive 1099s from my brokers every year & I file a 1040 Schedule D but I do not file a 1040 Schedule C. I was approved for both the first draw & second… read more
Lev
Lev
44,358 satisfied customers
I thought what so Some was signing me up for was a SBA. I
I thought what so Some was signing me up for was a SBA . I was lookimg … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
10,932 satisfied customers
What happen if i file a different amount on my taxes than
What happen if i file a different amount on my taxes than what I put on my profit and loss sheet when I applied for sba loan? … read more
Lev
Lev
44,358 satisfied customers
The 24 month extended period SBA loan starts from today. Can
The 24 month extended period SBA loan starts from today. Can those monies be used to pay for qualified expenses incurred in the past or they have to be used only for future qualified payments? I ask b… read more
Yaw, CPA
Yaw, CPA
6,077 satisfied customers
I am self employed and would like to apply for some stimulus
I am self employed and would like to apply for some stimulus money. What is the procedure? I looked at the SBA website, but I didn't see what I was looking for. Thanks… read more
Rama-CPA
Rama-CPA
President
Bachelor's Degree
2,192 satisfied customers
I owned a truck and i have a sba loan of 150 k.When i bought
i owned a truck and i have a sba loan of 150 k.When i bought this truck then i borrowed 90 k from my cousin,Unfortunately due to corona virus my transportation business did not work good.so can i pay … read more
Barbara
Barbara
Enrolled Agent, Paralegal
24,142 satisfied customers
I would like to know if as a small business owner I am
Hello! I would like to know if as a small business owner I am eligible for the small business tax cut or small business loans / funding due to covid provided by the government? Can I apply to any of t… read more
Rama-CPA
Rama-CPA
President
Bachelor's Degree
2,192 satisfied customers
I have an SBa loan for 49k. Used to be 70k but I have been
I have an SBa loan for 49k. Used to be 70k but I have been paying every month. … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
10,932 satisfied customers
I am told that churches and church organizations are
I am told that churches and church organizations are eligible for the SBA Covid-19 Disaster Relief loans, but I asked a SBA official and was told that "religious organizations" are not eligible. Which… read more
Richard
Richard
Tax Attorney
Doctoral Degree
6,077 satisfied customers
We have an SBA Disaster Loan on our home due to flooding
We have an SBA Disaster Loan on our home due to flooding from Hurricane Harvey. Is the interest on the portion of the loan applicable to the repair of our home ($127,000) deductible as mortgage intere… read more
Barbara
Barbara
Enrolled Agent, Paralegal
24,142 satisfied customers
Background LLC—Owned the real estate and held a significant
Background LLC—Owned the real estate and held a significant portion of the debt to SBA and others. I was the sole member of the LLC S Corp-Operated the business and held some of the SBA debt (leasehol… read more
PDtax
PDtax
Owner
Master's Degree
6,725 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

6,077 satisfied customers

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

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

877 satisfied customers

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

Loren

Loren

Attorney

795 satisfied customers

Over 25 years practicing law

Robin D.

Robin D.

Senior Tax Advisor 4

24,361 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