Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
I worked for the state of Colorado the first 6 months of the
I worked for the state of Colorado the first 6 months of the year retired was off 40 days and I am going back part-time I contributed to a 457 during the first 6 months can I contribute to an IRA now … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,382 satisfied customers
I have a large realized loss 1/2 short term and 1/2 term
i have a large realized loss 1/2 short term and 1/2 long term from trading activities. Can the short term portion of the loss be used to offset the tax liability incurred when doing a traditional IRa … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
6,042 satisfied customers
Im 64, recently paid off my mortgage and want to put the
Customer: ***** *****, im 64, recently paid off my mortgage and want to put the same amount as my monthly payments in an IRA, i already have one at work. I intend to retire at 73. … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,805 satisfied customers
I received a very large bonus when starting a new job this
I received a very large bonus when starting a new job this year. We're spending some on a house remideling project, but what should we do to minimize taxes and in what order? Roth, traditional IRA, ch… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,980 satisfied customers
Pulling out money from investment account and putting in roth
Pulling out money from investment account and putting in roth ira it is beneficial in the short or long term. moreover, any restriction for that - not earned income.… read more
Barbara
Barbara
Enrolled Agent, Paralegal
15,122 satisfied customers
Hello... hope you can help. I will be laid off May 4th and
Hello... hope you can help. I will be laid off May 4th and have 120 days to elect retirement benefits. I must elect COBRA and pay towards my health benefits if I choose a monthly retirement payment vs… read more
winktax
winktax
Enrolled Agent
Master's Degree
346 satisfied customers
so basically I am college student who made about 8k last year
so basically I am college student who made about 8k last year from my job. I was thinking about opening a Roth IRA, and funding it with 5k, however I need this money in the next 6 months. I have a job… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
4,670 satisfied customers
You recently answered my question about my not being eligible
You recently answered my question about my not being eligible for a 401k since my company offers no retirement plans at all. Other than the annuity you mentioned, my only option seems to be a Roth acc… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
I have an old Roth IRA I had when I was working, now I am disabled
I have an old Roth IRA I had when I was working, now I am disabled at 57 years old. I receive approximately $7,200/year in long term disability sick pay benefits. Can I contribute to this old Roth acc… read more
Bill
Bill
Master's Degree
2,074 satisfied customers
I became disabled at the end of January last year. For the
I became disabled at the end of January last year. For the first 6 months, my employer self-paid "short term disability" at 50% of my salary and withheld taxes as if I was working. After 6 months, I h… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
1,732 satisfied customers
If I receive no W2 income for tax year 2010 and only 1099 income.
If I receive no W2 income for tax year 2010 and only 1099 income. Can I roll over the balance of my 401(k) to a Roth IRA no matter how high my income is?… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My wife will be 65 this month (FEb.) and she wants to continue
My wife will be 65 this month (FEb.) and she want's to continue working through May. She has been drawing partial Social Security since age 62 (4-6 checks per year). She contacted her IRA Rep. and wan… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
2,290 satisfied customers
IN MOVING TRADITIONAL IRA FUNDS TO ROTH IRA, WILL THE TAX
IN MOVING TRADITIONAL IRA FUNDS TO ROTH IRA, WILL THE TAX DUE ON THOSE FUNDS BE OFF SET BY OUR "S" CORP REAL ESTATE LOSS? SEEMS TO BE A GOOD TIME TO MAKE THAT MOVE, MY CPA IS ON VACATION DURING THESE … read more
socrateaser
socrateaser
43,144 satisfied customers
i will soon be getting long term disability payments from my
i will soon be getting long term disability payments from my employer paid benefits. is this income taxable? is there any way to continue to contribute my 401k? what about my other pretax deductions… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,490 satisfied customers
Im 62, have been retired since May 2006 retired, am living
I'm 62, have been retired since May 2006 retired, am living with wife and two kids on my pension and occasional freelance work, total income was way below the low-side threshold for Roth contributions… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
968 satisfied customers
I am a self employed person (no company contri to my retirement)
I am a self employed person (no company contributes to my retirement). I just put $5,000 in my 2008 roth IRA. Can I have another retirement account for 2008? (like a SEP IRA, or similar)… read more
Bill
Bill
Master's Degree
2,074 satisfied customers
I want to rollover $10,000 from a 401K to a Roth IRA in 2008.
I want to rollover $10,000 from a 401K to a Roth IRA in 2008. That means that I'll own $1400. in tax (assuming 28% tax bracket). From a completely different taxable investment, I will realize $10,000 … read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
968 satisfied customers
If someone has a large ira and is 74 yo. how does she
If someone has a large ira and is 74 yo. how does she relieve her tax burden with the RMDs? She must take out $20000 per year and it bumps her up to over $80,000 in income which makes her pay double f… read more
Bill
Bill
Master's Degree
2,074 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

18,805 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