Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
I have a client received $3,917.00 from a pension plan where
I have a client received $3,917.00 from a pension plan where he was previously employed that shut down. His date of birth is 3-11-1958. One 1099-R was in the amount of $2937.69 with code 2 in box 7--t… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I have a client who turned 591/2 on July 2, 2017. He
I have a client who turned 591/2 on July 2, 2017. He received several 1099's from his pension and 401(k) accounts marked 7 and 2 in box7. For New York are all of these payments exempt up to $20,000 fo… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
3,330 satisfied customers
Where do you put an insurance matured endowment payment. all
where do you put an insurance matured endowment payment. all is not taxable. … read more
Barbara
Barbara
Enrolled Agent, Paralegal
6,689 satisfied customers
I made an early withdrawal from an IRA in 2012 and I did not
I made an early withdrawal from an IRA in 2012 and I did not included this in my local earned income tax calculation. I paid the federal and state, but was under the impression that for the local tax,… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,952 satisfied customers
I have a quick question concerning my Ohio income tax return.
I have a quick question concerning my Ohio income tax return. My husband received a lump sum distribution of his 401k when his was laid off (he was 59 1/2). We received a 1099-R, they took out Federal… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I received a lump sum retirement fund payout from an employer
I received a lump sum retirement fund payout from an employer that I worked for between 1993(April)-1999(Nov.). It was a non contributory fund which I was vested for after completing 5 years of servic… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
If a person cashes out a retirement account, what are some
If a person cashes out a retirement account, what are some ways not to be taxed for the amount?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,828 satisfied customers
TAX EXPERT:Can anyone direct me to the section of IRC 72(m)(7)
TAX EXPERT: Can anyone direct me to the section of IRC 72(m)(7) concerning the treatment of disability retirement income as earned income for Earned Income Credit purposes. (Where there is a code 3 in… read more
taxmanrog
taxmanrog
Master's Degree
1,428 satisfied customers
My Father recently passed away and in his will the business
My Father recently passed away and in his will the business he owned is supposed to pay his spouse my Father's salary. The problem is his spouse is on 100% disability and she is telling me to pay her … read more
taxmanrog
taxmanrog
Master's Degree
1,428 satisfied customers
I live ohio and receive a disability pension from the Ohio
I live ohio and receive a disability pension from the Ohio Police and Fire Pension Fund for injuries received on duty as an officer. Do I need to claim the monies as income earned on my federal and st… read more
Tax.appeal.168
Tax.appeal.168
Principal
5,053 satisfied customers
Spouse is permanently disabled and receives SocSec. Her previous
Spouse is permanently disabled and receives SocSec. Her previous employer 401 plan did not allow us to contribute because of her disability status. We rolled her 401 last year into Vangaurd Traditiona… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Background Wife paid divorce settlement with funds from her
Background: Wife paid divorce settlement with funds from her retirement account. Monies were transferred from her account to one setup in her husband's name, and he received the money in ten yearly in… read more
Bill
Bill
Master's Degree
3,132 satisfied customers
What is the correct 1099-R Box 7 Distibution code for this
What is the correct 1099-R Box 7 Distibution code for this scenario? During the 4th year of 72(t) plan, all IRA distributions were made after taxpayer turned 59 1/2... the 72(t) was still in effect (a… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I AM A FORMER POLICE OFFICER INJURED IN THE LINE OF DUTY AND
I AM A FORMER POLICE OFFICER INJURED IN THE LINE OF DUTY AND I RECEIVE SOCIAL SECURITY DISABILITY AND MY POLICE PENSION BECAUSE OF THE DISABILITY. THE 1099R I RECEIVED IS SHOWING THAT MY PENSION IS TA… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,952 satisfied customers
Can I claim my 18 year old son on my taxes He earned more
Can I claim my 18 year old son on my taxes? He earned more than $3000 working and he also withdrew around $4000 from a 401K that was left to him by my deceased sister. He is not attending school but w… read more
JKCPA
JKCPA
CPA
Bachelor's Degree
5,884 satisfied customers
I became disable due to Parkins and am on Social Security disabilty.
I became disable due to Parkins and am on Social Security disabilty. My ex employer (Nationwid Ins.) sent me a letter stating I was entitled to a $25,000.00 pension. They coded the payment in box 7 as… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,952 satisfied customers
My parents are retired and have minimal income. They earn
My parents are retired and have minimal income. They earn a combined income of 30,000 coming from Social Security and a pension from Middlesex County Retirement reported on a 1099 R form. Should they … read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
i became disabled not able to work so i cashed in my 401k ...
i became disabled not able to work so i cashed in my 401k plan. i am unable to work and receive disability benefits. i just received a 1099-r form from cashing in my 401k plan. i am not familiar with … read more
Bill
Bill
Master's Degree
3,132 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

4,512 satisfied customers

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

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

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

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< 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