Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
Can withdrawals from my 403b plan be used for the RMD
Can withdrawals from my 403b plan be used for the RMD required by my ira? … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,434 satisfied customers
I am a non-spouse beneficiary of a 403b. May I convert some
I am a non-spouse beneficiary of a 403b. May I convert some of the balance into a ROTH IRA if I pay the income tax? … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,434 satisfied customers
This is going to get...interesting to say the least. Here's
This is going to get...interesting to say the least. Here's the deal. I have a 403b, a457PL, and a tradiotional IRA. This year I turn 701/2 and need to take a RMD. I'd like to make that a QCD but can'… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,434 satisfied customers
I turned seventy on May 21, 2018. I am in the process of
I turned seventy on May 21, 2018. I am in the process of trying to take my 401ks and 403bs from where they have been for 30 years and roll them into a format with an investment firm that will allow me… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,238 satisfied customers
Please, when I reach 70 1/2 I must start taking retirement
please, when I reach 70 1/2 I must start taking retirement account distributions. What is the amount I must take? If I have more than one account must I take that amount from each? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
22,297 satisfied customers
I'm 73, fully employed, and took my first Required Minimum
I'm 73, fully employed, and took my first Required Minimum Distribution from my IRA.I was told that by moving my IRA into my 403 B before December 2017, I can avoid the Required Min … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
22,297 satisfied customers
I have a client who is still employed until December 2016
I have a client who is still employed until December 2016 that is 73 years old. He has significant savings in his employer sponsored 403b with his current employer.My understanding is that he will be … read more
PDtax
PDtax
Owner
Master's Degree
4,890 satisfied customers
I have a client who is 72 and currently employed by a
I have a client who is 72 and currently employed by a University, offering a 403b. He will retire in January 2017. He is considering rolling some of his employer plan to an IRA for more active account… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,933 satisfied customers
Mr. Tierney, it's my understanding that a QCD can only be
Hi Mr. Tierney, it's my understanding that a QCD can only be made from an existing IRA and not other types of retirement vehicles. Is that correct? Thanks -… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,445 satisfied customers
I am over 70 and have two IRA's and three 401B's and. If I
I am over 70 and have two IRA's and three 401B's and . If I have to take a required $12,000 out a year, I realize I have to take it out of both accounts. Is there any percentage I have to take out of … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
22,297 satisfied customers
I am 73 and must withdraw my MRD form an IRA I have, but I
I am 73 and must withdraw my MRD form an IRA I have, but I also have a 401A and a 403B because I am still working. Would I be allowed to take all the required MRD from the 401 & 403 accounts (they are… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
22,297 satisfied customers
OK....transferred my 403b into a traditional IRA last year
OK....transferred my 403b into a traditional IRA last year in order to avoid having to go to my x-employer everytime I needed to withdraw an RMD which was a real pain. The RMD for 2013 was taken from … read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,659 satisfied customers
I have two 403b accounts and one regular IRA account. I'm 84
I have two 403b accounts and one regular IRA account. I'm 84 years old and need to take Retired Distributions. Can I aggregate the RMD's and take all required from the IRA?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,238 satisfied customers
first time Required Minimum Distribution person. How and where
first time Required Minimum Distribution person. How and where on the form do I account for the funds taken from my 403b, and IRA accounts? Do I need to be using a form other than the 1040 form?… read more
winktax
winktax
Enrolled Agent
Master's Degree
425 satisfied customers
I HAVE RETIRED AND PEOPLE TELL ME I MUST TAKE A PORTION OF
I HAVE RETIRED AND PEOPLE TELL ME I MUST TAKE A PORTION OF MY 401k OUT WHEN I TURN 70-1/2 YRS OLD. CAN YOU TELL ME WHAT %age AND WHAT I CAN DO WITH THOSE FUNDS? THANK YOU, LES.… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
22,297 satisfied customers
I am a university professor older than 70.5 still working and
I am a university professor older than 70.5 still working and still contributing to my TSA and ORP retirement plans. I also have seperate IRAs. This is the first year for me to take required minimum d… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Do 403 b plans have a tax benefit for state income taxes
Do 403 b plans have a tax benefit for state income taxes? What about rolling over a 403b to an IRA?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,434 satisfied customers
I have Ira and A 403b retirement plan and I heav to take ...
I have Ira and A 403b retirement plan and I heav to take the MRD this year. Can I combine the totals of the two plans and calculate the MRM? Thank you… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 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

4,937 satisfied customers

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

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

261 satisfied customers

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

Robin D.

Robin D.

Senior Tax Advisor 4

22,297 satisfied customers

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

Megan C

Megan C

Certified Public Accountant (CPA)

8,659 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