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  You are here:  AllExperts > Business > Corporate Law > Tax Law (Questions About Taxes)

Expert Profile: Jay Allen Finn, CPA

Expertise:  IRS Audits. All Collection Tax problems; specifically but not limited to, delinquent returns, bank levies, liens, garnishments of wages, Also specializing in Offer in Compromise. Limited to 1040/ personal tax issues

Experience in the area
27 years experience as a CPA in the IRS defense area following a position as an IRS Auditor in the oil and gas industries.

Organizations
Texas Society of Certified Public Accountants (Peer Assistance Committee), Houston Chapter of the Texas Society.

Publications
Submit your articles.com

Education/Credentials
BBA - Bachelors of Business Admin., Magna cum laude, Series 6 and 68 - Registered representative, Series 65 - Financial planner.
Certified Public Accountant

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What do you like about this subject?  I enjoy helping people and I immdeiately notice that they feel relaxed and less edgy after they meet with me and discuss their problem and possible solutions.
Average Ratings
Prestige Points: 990
Knowledge   10.0   Best of the best
Clarity of Response   10.0   Best of the best
Timeliness   10.0   Best of the best
Politeness   10.0   Best of the best
Number Of Questions
(in Past 24 Hours)
0
Max Questions to be Asked
(in 24 Hour period)
2
Total Questions
(since joining AllExperts)
188
Recent Reviews from Users
KnowlClarityTimePolitenessDate
1010101011/17/08
1010101011/14/08
1010101011/11/08
1010101011/09/08
1010101011/06/08
User Comments
thank you so much for your help, i will ask my accountant at tax time for more info.thank you again
(john on 11/17/08)
don't think my question was made clear may be my fault
(john on 11/14/08)
Thank you
(Eden on 11/11/08)
Thanks to Mr. Finn. He confirmed my understanding of the matter.
(Richard on 11/09/08)
Thank you very much for your time Jay, I will find a credible accountant to help me.
(Ethan Powers on 11/06/08)
View All Comments
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Recent Answers from Jay Allen Finn, CPA
2008-11-26  investment losses SCOTT, You have no "taxable loss" to take on your IRA even if you move it trustee to trustee and that's because an IRA is a pretax item. You never paid taxes on it, hence no loss. Probably stay the...
2008-11-18  Independent Contractor Office supplies and large office related purchases are deductible. If they are large items like a big computer, than you need to research depreciation. See IRS.gov (search) depreciation. Otherwise use...
2008-11-17  back pension paid to ex If it is a payment of previously withheld taxes, than you can incur a loss and it is taxable to her. However, as I said before I am not sure (deductible or taxable where). I assume you may treat it as...
2008-11-16  S Corporation Owner Compensation Natalie, No it is not okay. You are avoiding Social Security. However, a Sub-S Corps. allows you to do this if you pay yourself a "reasonable salary" for the hours you spend (say at least $10.00-12...
2008-11-14  back pension paid to ex Possibly we still misunderstand each other. If she is not getting pre-tax income (or after tax income as you claim) than she has no taxable income. The reason I said you have no loss is that most retirement...
More Answers for "Tax Law (Questions About Taxes)"


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