Tax

Have a Tax Question? Ask a Tax Expert

Ask an Expert,
Get an Answer ASAP!

Tax

I receive a portion of my ex-husband pension through a

Customer Question
divorce and he took early...
I receive a portion of my ex-husband pension through a divorce and he took early retirement (before age 62). through the divorce he was to give me a percentage of his pension. Because he is penalized for taking it early, am I also responsible to pay the additional tax on my portion?
Submitted: 1 year ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 6 minutes by:
1/27/2016
Tax Professional: Robin D., Senior Tax Advisor 4 replied 1 year ago
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15,888
Experience: 15years with H & R Block. Divisional leader, Instructor
Verified

Hello

If your husband must make the payment directly to you as alimony (not through a qualified domestic relation order (QDRO) then you are only required to report the alimony as income which would not mean any additional tax for you. You would just report as income and pay tax on the portion of your total income that is taxable. His tax on the distribution is not attached to you also.

If you are under QDRO for the amount paid to you and you receive your own 1099R then your 1099R would show your distribution and as long as you are over 59 1/2 you would not have a 10% penalty. This is on the continuing payments because the initial distribution to you through the QDRO would not have an additional penalty.

I know rating takes an additional step and I truly appreciate it when you take the extra time!
You have to actively click on a rating (OK or Better) and click submit. Smiley Faces or Stars.
When you actively click on a rating and click submit, that lets Just Answer know you were assisted and credits me for the time.

Ask Your Own Tax Question
Tax Professional: Robin D., Senior Tax Advisor 4 replied 1 year ago

After you view my response, please post below

Ask Your Own Tax Question
Tax Professional: Robin D., Senior Tax Advisor 4 replied 1 year ago

Now that you viewed my response, please post below if you need more information, I’ll be happy to respond. Thank you!

Ask Your Own Tax Question
Ask Robin D. Your Own Question
Robin D.
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15,888
15,888 Satisfied Customers
Experience: 15years with H & R Block. Divisional leader, Instructor

Robin D. is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

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

1,300 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,310 satisfied customers

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

Robin D.

Robin D.

Senior Tax Advisor 4

15,888 satisfied customers

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

Megan C

Megan C

Certified Public Accountant (CPA)

8,651 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.

R. Klein, EA

R. Klein, EA

Enrolled Agent

1,839 satisfied customers

Over 20 Years experience

< Previous | Next >

Related Tax Questions
Can you tell me if i have retired and rolled all pension and
can you tell me if i have retired and rolled all pension and 401s into a IRA that I now take distributions from to live on.....do I have to pay Hawaii State taxes on the distributions?....the Hawaii C… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
In the new GOP tax plan, Alimony payment will no longer be a
In the new GOP tax plan, Alimony payment will no longer be a tax deduction for the paying spouse. Does the receiving spouse still need to pay tax on it? If that is the case, it would be double taxatio… read more
abci168
abci168
Principal
27 satisfied customers
I am retired and my only source of income is my Social
I am retired and my only source of income is my Social Security pension which is $516.00. Do I have to file a late Income Tax Return for 2016? … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
What does "Distributions Other Than Dividend Distributions"
what does "Distributions Other Than Dividend Distributions" mean on a corporate tax return? Was the amount listed actually giving to the shareholder? … read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
736 satisfied customers
I am retired and my only income is SS retirement benefits.
I am retired and my only income is SS retirement benefits. My wife works and will make about $40,000.00 in 2017. I want to file married filing separate for 2017 - avoiding an any tax on my SS benefits… read more
Robin D.
Robin D.
Senior Tax Advisor 4
15,888 satisfied customers
1099-R with distribution code 3. Can I get an earned income credit?
If someone receives a 1099-R with a distribution code 3, can they qualify for earned income credit? The person receives his pension because he became disabled.… read more
Bizhelp
Bizhelp
Certified Public Accountant (CPA)
Bachelor's Degree
638 satisfied customers
I started receiving my pension in February. A QDRO was
I started receiving my pension in February. A QDRO was submitted to split my divorced spouse,however, it was flawed and re written and recently approved. I want to disperse to my spouse her portion of… read more
abci168
abci168
Principal
27 satisfied customers
I'm getting a divorce and I receive a pension. I receive a
I'm getting a divorce and I receive a pension. I receive a monthly check which is taxed,after I get the funds I will then disperse an alimony check to my ex wife-will she have to pay taxes again on th… read more
Robin D.
Robin D.
Senior Tax Advisor 4
15,888 satisfied customers
I'm getting divorced; my 401K and my retirement accumulation
I'm getting divorced; my 401K and my retirement accumulation plan, which haven't yet vested and have a combined balance of $10K, are ruining the division of assets strategy. There's $7K in the 401K an… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Federal Tax Credit or NC Tax Credit For 2017, is there any
Federal Tax Credit or NC Tax CreditFor 2017, is there any type of tax credit for replacing a roof on a historical house (1870)? It is primary residence. They will either replace the roof or do "hydros… read more
Barbara
Barbara
Enrolled Agent, Paralegal
3,490 satisfied customers
When I filed my 2016 income tax (I'm retired) single it
when I filed my 2016 income tax (I'm retired) single it worked out that I would get a $25.00 refund and the information I received said no refund due. Where do I turn to get some answers? … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I have an NR4 Income Code 49 Pension Plan Beneifts - does it
I have an NR4 Income Code 49 Pension Plan Beneifts - does it need to be recorded on the 1040 form.… read more
Chad CFP ®
Chad CFP ®
Certified Financial Planner(R), Pro
Master\u0027s Degree
736 satisfied customers
I am retired with an income of $12,000/year from a pension a
hi. I am retired with an income of $12,000/year from a pension a d $12,000/year from ss before medicare deduction for a total of 24 000 annual income. I am 67 years old and for the past few years have… read more
Robin D.
Robin D.
Senior Tax Advisor 4
15,888 satisfied customers
I have a retirement income question. 5 years ago I retired
5 years ago I retired and moved to New York. I receive two retirement checks, one from the San Francisco Fire Department and one from California Public Employees Retirement system. Last year I found out that my checks were still having Calif. State income tax removed yet I was paying NY State income tax. I was being double taxed. So I had the retirement agencies stop withholding CA tax. I researched the issue and found that the 1995, Public Law 104-95 made it illegal for states to tax retirement income of individuals no longer residing in their state. Now my tax preparer says I owe tax for NY and for CA. She says it is a part of her tax program and it asks for an accounting of any "income earned as a non-resident derived from California?" When she puts our earned amount in that box she says the program says we owe CA $1,800, yet we are paying NY a similar amount. Can CA tax my retirement income even though I don't live there? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
15,888 satisfied customers
Divorce taxation (asset splits and alimony) question: can
Divorce taxation (asset splits and alimony) question: can alimony/maintenance be equalized with assets in the following structure, from an IRS perspective? Alice and Bob have $200k in assets as a marr… read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
Can franking credit on an Australian income tax return be
Can franking credit on an Australian income tax return be used on Form 1116 as tax paid on the franked distributions? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
15,888 satisfied customers
If you get a lump sum alimony payout in a divorce is that
if you get a lump sum alimony payout in a divorce is that taxable to me … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,230 satisfied customers
Is retirement income from IRA's, 401K's, Pensions, Social
Is retirement income from IRA's, 401K's, Pensions, Social Security etc. taxed by the state of Minnesota? and If so what is the tax rate?… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 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.

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