Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
I have a question about what is considered a 'self directing
Hi Pearl. I have a question about what is considered a 'self directing IRA' or allowable retirement investment. I have a 401K that my employer has stopped contributing to and I'd like to convert it to… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
4,200 satisfied customers
My friend had 250k in a 401 account of a company she was
Hello, My friend had 250k in a 401 account of a company she was working in. Now she left the company and the 401 funds is available for self directed IRA through which she is able to put this funds in… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,472 satisfied customers
My company got bought over by another company and because if
My company got bought over by another company and because if that our existing 401k plan got closed. So I was told that I can either roll over to new company plan or go with a IRA. I do have an outsta… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
6,028 satisfied customers
I have a traditional IRA account that has accumulated funds
I have a traditional IRA account that has accumulated funds rolled over from past places of employment. I want to use those funds to purchase real estate for investments. I would like to set up a Solo… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
4,994 satisfied customers
I would like to buy land in NC, using funds from my 401K to
I would like to buy land in NC, using funds from my 401K to fund my LLC in FL, that would purchase the future rental property Can I improve the property over the years using this method also what tax … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I need a taxes question answer I am in the process of
I need a taxes question answer I am in the process of retired an have a pension when retired can collected, social security which I will have to wait 5 years to collected, 401 K retirement I h aVe sev… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,472 satisfied customers
I'm wanting to do a roll-over from a pension 401k fund to
I'm wanting to do a roll-over from a pension 401k fund to purchase land as an investment. I need to know the IRS rules for such a transfer. I've done roll-overs for precious metals before but not sure… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Tax Question regarding Disqualified Person for SDIRA... We
Tax Question regarding Disqualified Person for SDIRA... We buy, sell, remodel homes in our SDIRA (LLC). I would like to hire my brother to do tile work and possibly be "project mgr" for our Las Vegas … read more
Zhannaxena
Zhannaxena
88 satisfied customers
Fidelity made a mistake with my 403b and cashed out my 403b
Fidelity made a mistake with my 403b and cashed out my 403b amt instead of rolling it over into the self-directed IRA as I wanted. So they cashed out $44k, withheld ~$10k in State and Fed taxes and se… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,472 satisfied customers
I am considering purchasing several section 8 houses for rental
I am considering purchasing several section 8 houses for rental income. I'd like to use my 401k to fund the purchases. I've been told by several organizations that I can avoid paying income taxes and … read more
Jax Tax
Jax Tax
Senior Tax Attorney
Master's Degree
924 satisfied customers
I currently have too much single family residences (for rent
I currently have too much single family residences (for rent or sale) in my profit sharing plan's portfolio (> 50%). I am 65 years old and am still a working dentist, so, I intend to keep the profi… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,360 satisfied customers
457 Deferred Compensation Plan. My sister has a tiny (300 dollars
457 Deferred Compensation Plan. My sister has a tiny (300 dollars ) 457 plan. I know once a 457 always a 457 or so I had heard. Is there any way she can get this money out without paying a tax penalty… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,472 satisfied customers
I have recently left my employer and have my Ira and pension
I have recently left my employer and have my Ira and pension checks to roll over, would i be able to invest in buying a property with this money and not be penalized with the early withdrawl taxes?… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
Can my ira purchase a rental property and provide 50% of the
Can my ira purchase a rental property and provide 50% of the purchase price up front and may I obtain the remaining 50% with a bank loan?… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Hello, Five years ago I rolled over $150,000 from my Fidelity
Hello, Five years ago I rolled over $150,000 from my Fidelity IRA into a 1031 Self Directed IRA. I purchased a property with the $150,000. I just sold the property for $10,000. I would like to cash ou… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
1,732 satisfied customers
I am a 55 yr old male and am leaving employment. My 28 yr old
I am a 55 yr old male and am leaving employment. My 28 yr old son is seeking a matco franchise and I am willing to finance it using my 401k at minimum allowable interest rate. Is it possible for me to… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,472 satisfied customers
I have a real estate situation where I and a partner own several
I have a real estate situation where I and a partner own several million dollars worth of commercial and industrial land in an LLC 50/50. I have an opportuntiy to build some new buildings for waiting … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,472 satisfied customers
What are the biggest problems when having your 401-K plan ...
What are the biggest problems when having your 401-K plan rolled over into a self directed Trust IRA that will be mostley buying real estate? For example,nonce the money is rolled into the equity trus… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 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

15,569 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