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Power-of-Attorney IssuesFree
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The tax experts at J.K. Lasser have answered a lot of your tax preparation questions, ranging from 1040 filing, income tax deductions and credits, self-employment taxes to tax planning for college and retirement, estate and real estate taxes. Ask J.K. a question by filling out the form below. Or browse Ask J.K. answers or use the Search box to see if J.K. has already answered your question.
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Self Employment

  1. Am I taxed on a payment from my elderly mother to handle her financial affairs?Free
  2. How do I deduct the interest (investment interest, passive activity interest, business interest) on a loan I took from my S corporation?Free
  3. I own a beachfront condo that I rent out throughout the year (I never use it myself). Can I claim first-year expensing (Section 179 deduction) and/or bonus depreciation for new appliances I’ve bought the unit in 2009?Free
  4. My husband and I owned an S corporation to which we each had loaned money. The corporation went out of business. Can we deduct the loans?Free
  5. I am a self-employed contractor. In an effort to remain competitive, I've had to cut my price for a job from the normal fee of $1,800 to $1,500. Is this a deductible business loss? Free
  6. I lent money to my best friend 3 years ago when she started a business. Now her business has folded and she can’t pay me back. Can I take a deduction for this?Free
  7. Can a person work for a company and also be an independent contractor for the same company?Free
  8. Can I deduct my commute from my home to a worksite?Free
  9. May a self-employed person with an SEP also establish another plan?Free
  10. Are my cell phone and Internet service not solely used for business deductible?Free
  11. Can a partnership set up an education assistance plan?Free
  12. Are there any tax advantages to providing health club membership or facilities to employees? Free
  13. Do I need to notify the IRS when my business fails or just not file a Schedule C?Free
  14. I have a home-based business. Do I deduct or depreciate the cost of a new roof for my home?Free
  15. Can a minister file as an employee of the church, rather than as self-employed?Free
  16. Can I choose how to report self-employment income?Free
  17. How long should I keep my small business records?Free