Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
I made improper ROTH 401k contributions to my SOLO 401k, How
I made improper ROTH 401k contributions to my SOLO 401k, How do i go about correcting that? … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
1,812 satisfied customers
I would like to share my latest pay stub with someone and
I would like to share my latest pay stub with someone and get a recommendation on what my withholding should be.… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 satisfied customers
We have just sold our home, we were upside down on our loan.
Hi, we have just sold our home, we were upside down on our loan. We lost over 65 … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
My son-in-law ran into trouble last year with his new
My son-in-law ran into trouble last year with his new business, dry cleaning. I gave him $200,000. I took the money from my 401K, along with $80,000 that my broker paid in taxes. … read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor's Degree
1 satisfied customers
I am trying to understand that if I add an additional lump
I am trying to understand that if I add an additional lump sum to my 401K plan through my employer how it will affect the amount of taxes I will pay when I file next year. In a general sense, unless t… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Hi, I have a quick question for you (well, maybe not so
Hi, I have a quick question for you (well, maybe not so quick) I am looking at maximizing my after tax return of salary and have put together a sheet. It looks to me like one should almost always put … read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I over contributed to my 401(k) last year, because I switched
I over contributed to my 401(k) last year, because I switched employers mid year and my new employer did not take my previous employer's contributions into account when stopping contributions. I reque… read more
fastfile
fastfile
Tax Advisor
Master's Degree
550 satisfied customers
As a self-employed individual who gets paid in 1099s as well
As a self-employed individual who gets paid in 1099s as well as W2s, I'm trying to figure out what retirement plans are best for me when some years I get a lot of 1099 income and some years not much a… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I am looking at opening an individual 401K for my sole proprietorship.
I am looking at opening an individual 401K for my sole proprietorship. I did employ one person this year for a total of about 110 hours. Does this disqualify me from opening this type of account?… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
HELLO, I JUST TOOK OUT A 401K LOAN FOR $20,000 AND I WAS TOLD
HELLO, I JUST TOOK OUT A 401K LOAN FOR $20,000 AND I WAS TOLD THAT I WILL BE PAYING MYSELF INTEREST AND NOT A BANK. IF THAT IS THE CASE, WHY SHOULD YOU HAVE TO PAY INTEREST AT ALL? IS THAT AN IRS REQU… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I inherited a 401K plan from my father (79 years old at time
I inherited a 401K plan from my father (79 years old at time of death). Can I roll it into my LLC (owned solely by me)? Will I receive a penalty for early withdrawal, even though I never signed with t… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
my company has a 401k plan, I did not contribute last year.
my company has a 401k plan, I did not contribute last year. can i retro contribute? turbo tax is saying i made too much to open up another ira...thanks… read more
Bill
Bill
Master's Degree
2,278 satisfied customers
I screwed up royally, I owe taxes that will come to 17,000
I screwed up royally, I owe taxes that will come to 17,000 dollars for the last two years because I withdrew all my money out of my 401 K when it went down the tubes; put did not take out enough taxes… read more
CPAforHire
CPAforHire
Bachelor's Degree
67 satisfied customers
Last year my husband and I had an AGI of $97,861. Out of each
Last year my husband and I had an AGI of $97,861. Out of each of my biweekly checks I had $38 additional Federal taxes deducted and $11 additional IN State taxes deducted. We owed $482 for Federal and… read more
Bill
Bill
Master's Degree
2,278 satisfied customers
My husband and I made $ 142,150 last year which includes $10,000
My husband and I made $ 142,150 last year which includes $10,000 untaxed from my daycare and $ 29,528 from my husband's retirement account. He is still working but his company makes you quasi-retire a… read more
Bill
Bill
Master's Degree
2,278 satisfied customers
This past year I claimed 1 on my taxes. I made just under$70K
This past year I claimed 1 on my taxes. I made just under$70K but my salary was $46K with the rest made up in commission....do you think I am going to have to pay out money this year?… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I had a 401k plan with Bizmart in 1988 to 1993 they were ...
I had a 401k plan with Bizmart in 1988 to 1993 they were sold to Officemax and about a year after that I left the company. I fully intended on rolling it over but time got away from me. well now 17 ye… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
How much of savings can I deduct off the top of my income
I was out of work for 6 months in 2005 and had to file bankruptcy. I had no retirement savings, IRA or 401K savings until this year. I am 62 years old. In 2006 I got a wonderful job and will have earn… read more
Wayne Brasch
Wayne Brasch
Accountant and Business Consultant
Master Degree
718 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

18,667 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