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I am 60 yo and I put $24K into my 401K for 2017. There is no
I am 60 yo and I put $24K into my 401K for 2017. There is no deferred compensation at my current job, but I work part time at my previous job. They offered a 403b and I put $15K into that. I later lea… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
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I turn Age 62 this March 2018. I continue to work as a CPA.
I continue to work as a CPA. All compensation from my practice is as Subchapter S pass-through distributions about $60,000 annually going forward Last SSI statement shows my benefit would be about $2700 a month if I wait until age 67 or $2200 a month if unitl age 62 How will my income affect my benefit at age 62 going forward? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
15,018 satisfied customers
If I remarry will I lose my current benefits? My husband was
my husband was killed while working under our car, it rolled back over him four years ago. I am receiving social security under his number. I have recently met someone and we have been talking about marriage, but he receives much less than my deceased husband so if he died I would not be abled to make it financially. … read more
Barbara
Barbara
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Question: I have had a Bed and Breakfast home for 5 years. I
Question: I have had a Bed and Breakfast home for 5 years. I want to retire now. Can I sell my home and close the business at the same time or do I have to live in the home for 2 years without the bus… read more
PDtax
PDtax
Owner
Master's Degree
9,530 satisfied customers
I have a successful s corporation involved in hazardous
I have a successful s corporation involved in hazardous waste remediation (service based company). It has worked in the past for tax purposes; after I receive my salary, the remaining is distributed p… read more
Matthew Breecher
Matthew Breecher
President
MBA (Graduate Legal Studies)
394 satisfied customers
I will be 66 year old in August of this year, and continuing
I will be 66 year old in August of this year, and continuing to work in a somewhat well paid job. At that time, if I elect to begin receiving my social security benefits, is it the case that I will re… read more
PDtax
PDtax
Owner
Master's Degree
9,530 satisfied customers
I do work as an individual contractor. I'd like to figure
I do work as an individual contractor. I'd like to figure out the best way to structure my business. I'd like to be able to put most of the money away tax deferred either into an IRA or into college f… read more
PDtax
PDtax
Owner
Master's Degree
9,530 satisfied customers
I will be 62 this year and at that time my pension will be
I will be 62 this year and at that time my pension will be reduced by the amount of my estimated social security. Should I take early SS or pull money out of my IRA to make up the difference in my pen… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,963 satisfied customers
I retired from Washington State in September but moved to Georgia
I retired from Washington State in September but moved to Georgia in July 2014. I cashed out my deferred comp. after retirement and received $57,000. The Federal Government took approximately $11,500.… read more
PDtax
PDtax
Owner
Master's Degree
9,530 satisfied customers
Social Security Tax/Penalty Question. Can I work for my wife
Social Security Tax/Penalty Question. Can I work for my wife who will be President or CEO of the Corporation and earn up to the max 15.7K SS and her Corporation gets the rest? I'm married and plan to … read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
I Own 100% shares in a S corp. I also pay myself by w2. Because
I Own 100% shares in a S corp. I also pay myself by w2. Because my business has loses I am able to avoid income taxes. I generate a paystub each month but I do not take out taxes because of the loses … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,963 satisfied customers
I am an active trader and a USA citizen. I understand that
I am an active trader and a USA citizen. I understand that Romney is able to use Grand Cayman in his Bain Capital trading and investing business to effectively reduce or LEGALLY defer his taxes to 15%… read more
PDtax
PDtax
Owner
Master's Degree
9,530 satisfied customers
My question My husband works full time makes about 70000.00
My question: My husband works full time makes about 70000.00 a year. If i go back to work full time making about 35000.00 a year that will put us ina different tax bracket. How much of that money woul… read more
Lev
Lev
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Bachelor's Degree Equivalent
33,963 satisfied customers
My wife and I file joint income tax. My job cuts me social
My wife and I file joint income tax. My job cuts me social security income tax; However my wife's job does not. Her employer is the City government and they invest in an alternative retirement plan. T… read more
Ed Johnson
Ed Johnson
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Bachelor's Degree
6,994 satisfied customers
how much tax is paid on severence pay and is there anyway to
how much tax is paid on severence pay and is there anyway to aviod paying the full amount up front i will be losing my job after the first of the year and will get a lump sum payment what should or co… read more
Bill
Bill
Master's Degree
2,074 satisfied customers
in2006 my boyfriend and i purchased a lot in a new ...
in2006 my boyfriend and i purchased a lot in a new development for adults 55 and over. The contract stated that we had two years to begin construction/ Our two years are now up and I am unable to qual… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I am 64 and going to start drawing my Social Security in ...
I am 64 and going to start drawing my Social Security in August when my teaching contract runs out. My school (private) asked me to consult to them for 1 year in technology support. I want to do this … read more
Bill
Bill
Master's Degree
2,074 satisfied customers
My mothers husband passed away in August of this year and ...
My mothers husband passed away in August of this year and was receiving Social Security Disability of 2,000 a month. MY mother is age 62 and works a job and is paid 15,000 per year.She also receives 3… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,963 satisfied customers
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