Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
529 distribution question. Just now realized I have a
I am a divorced parent, I have a 529 account my ex does not. We are both paying for college. Can I take out full amount from 529 or only my half.… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
6,066 satisfied customers
IRS Tax Question: My daughter is in vet school and will
IRS Tax Question: My daughter is in vet school and will deplete her 529 plan next year. My son is currently an undergraduate will most likely have excess funds in his 529. I'd like to discuss movement… read more
Bryan M.
Bryan M.
Owner
Masters of Accountancy
346 satisfied customers
A education fund was established for a brother and sister by
A education fund was established for a brother and sister by their grandparents. … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,218 satisfied customers
A couple is ready to issue a check from an education IRA set
A couple is ready to issue a check from an education IRA set up with Vanguard for their son to pay his college tuition. The IRA does not own a money market fund & therefore does not have check writing… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
30,004 satisfied customers
If we started a 529 college plan, and the money was not used
If we started a 529 college plan, and the money was not used for education expenses, would we only pay a 10% penalty on the interest earned if we cashed out? Is there a time frame where we can cash ou… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,500 satisfied customers
You have answered a question by another customer regarding
You have answered a question by another customer regarding the use of 529 plan funds to pay for room and board at a "deferment only" foreign university. My question is somewhat different. Here it is: … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,500 satisfied customers
I have a 529 plan in my name with around 30k dollars in it.
I have a 529 plan in my name with around 30k dollars in it. I recently graduated with an M.S. in Computer Science that my job paid for. My fiance has college debt spread across both private and federa… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
30,004 satisfied customers
Have just got a TAx letter, they are taxing my 529
have just got a TAx letter, they are taxing my 529 withdrawals … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,388 satisfied customers
I need a lawyer who specializes in UGMA and financial aide
Hello. I need a lawyer who specializes in UGMA and financial aide college planning issues in NY. My family set up a UGMA 10 years ago for my son, that has grown to 300,000. The original investment was… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,500 satisfied customers
A college student who is claimed by his parents receives a
A college student who is claimed by his parents receives a 1099-Q (in his SSN) which reflects earnings of 3,104 on a distribution from his 529 account. He is both the recipient & beneficiary on the 10… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,500 satisfied customers
My wife had a 529 plan through Fidelity that her Grandmother
My wife had a 529 plan through Fidelity that her Grandmother left her. Her dad was in charge of the 529 distribution. We used the money for non-education expenses. We decided to use the funds for pers… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
30,004 satisfied customers
My son was awarded a prize of $5000 intended as a college scholarship. They
My son was awarded a prize of $5000 intended as a college scholarship. They don't really care about any tax implications and just want to send us a check for the amount. We do have a 529 account on hi… read more
Phillip B, EA
Phillip B, EA
Tax Advisor
Bachelor's Degree
1,326 satisfied customers
The Higher Education Act of 1965 states that cost of attendance
The Higher Education Act of 1965 states that cost of attendance may also include costs associated with study abroad when approved for credit by the student's home institution, and costs associated wit… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
4,670 satisfied customers
I am a divorced mother of 2-my oldest is in college and my
I am a divorced mother of 2-my oldest is in college and my youngest is finishing his junior year at a private high school. Their dad is responsible for the tuition. I have money in a tomorrow's schola… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
4,670 satisfied customers
I have a custodial UMTA account ( originally from a trust when
I have a custodial UMTA account ( originally from a trust when her grandmother died which was then 12,000K) with my daughter who is 21. It is for her college. However the company who is managing is ho… read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
4,670 satisfied customers
Grandmother opened a 529 account for Grandchild and made Father
Grandmother opened a 529 account for Grandchild and made Father the account owner. Grandchild is now 18 and living with Father's sister (Aunt). Granddaughter is attending college and Father is refusin… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,500 satisfied customers
I am a widowed grandmother who has saved money to be used by
I am a widowed grandmother who has saved money to be used by my four grandchildren, two of whom are going to college in Fall 2010. What is the best way to provide that money, a total of $50,000 each b… read more
Bill
Bill
Master's Degree
2,074 satisfied customers
If you are a grandparent building college funds for your ...
If you are a grandparent building college funds for your grandchildren, are the 529 or any college funds tax deductable at state and federal level? What about IRA or 401k funds into the college funds?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,500 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

18,816 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