Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
My husband had a small Roth IRA. In 2017 we took a total
My husband had a small Roth IRA. In 2017 we took a total distribution from it (a little over $3000). The 1099-R has no taxable amount on it and is checked "Taxable amount not determined". I thought th… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I did a rollover from the 401k to the IRA for 50k. I purpose
I did a rollover from the 401k to the IRA for 50k. I purpose to withdraw another 50k from the 401k to pay the first 50k back within 60 days. Thus giving myself 120 days to complete a transaction.… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 satisfied customers
How much does this service cost?? You are not sure of the
I am purchasing investment property and I was going to pay for it with proceeds from the sale of a home. The home is not going to be sold for at least six months. Because of that, I need to find funds to pay for this property. I have an IRA and a Roth IRA that have the funds to draw from. I am 59 YO and disabled. … read more
Barbara
Barbara
Enrolled Agent, Paralegal
6,000 satisfied customers
Ref loan on 401k, my company has merged with another company
my company has merged with another company and I want to transfer my present 401k to the new company's 401k but I have loan on the present 401k plan … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Early withdraw penalty - This scenario is fun - 1. Married
Early withdraw penalty -This scenario is fun -1. Married Taxpayer 2. Taxpayer has a traditional IRA; Spouse has a ROTH 3. October $ 5K was taken from Traditional and $ 4K was taken from ROTH 4. Decemb… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,749 satisfied customers
If you put $5,500 in a traditional IRA in 2015 and convert
if you put $5,500 in a traditional IRA in 2015 and convert to a roth the next day, what form do you complete, there was a 11099-r received code 2… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Here is my story: I had a Roth IRA coming into 2015 and
Here is my story: I had a Roth IRA coming into 2015 and converted a former employer's 401K to a traditional IRA in 2015. I misunderstood the contributions limits and contributed $5,500 to each IRA. 1)… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,749 satisfied customers
How to report tax on 401k converted to Roth IRA - My
How to report tax on 401k converted to Roth IRA - My husband, who is retired and older than 59 1/2, converted a portion of his 401k directly to a Roth IRA (without first going to traditional IRA). He … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,749 satisfied customers
Taxpayer will be 59 1/2 on November 15,2015 but needs
Taxpayer will be 59 1/2 on November 15,2015 but needs $100,000 by October 31,2015. Can they take an IRA distribution on October 31,2015 for $100,000 , take another one for $100,000 on November 20,2015… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
From my one IRA account i'v taken several distributions this
from my one IRA account i'v taken several distributions this year on different dates within the last 60 days, in july and august can i put money from different dates."… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I took a distribution form an IRA in 2014 and used the money
I took a distribution form an IRA in 2014 and used the money to make up part of a down payment on a new house. Now I want to put that money back into my IRA account rather than have to count it as tax… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,749 satisfied customers
I had early distribution ($10,000) of a roth IRA last year.
I had early distribution ($10,000) of a roth IRA last year. For PA-40 (pa state indiviudal tax return), tax program shows gross distribution, basis, PA taxable. In my case, would you let me know what … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,749 satisfied customers
I have a 401k retirement fund with an ex employer. I had taken
I have a 401k retirement fund with an ex employer. I had taken a loan out and had been paying it back thru payroll deduction. After 25 years of employment I had a issue with a supervisor. I was asked … read more
Dave CPA
Dave CPA
Master's Degree
69 satisfied customers
My questions concern federal tax law. Can the IRS tax me twice
My questions concern federal tax law. Can the IRS tax me twice on the same IRA funds? I had funds in a limited libility self directed IRA bank account to invest in real estate. The funds were administ… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
60 satisfied customers
Greetings, I received a 1099-R in 2008 for an early IRA
Greetings, I received a 1099-R in 2008 for an early IRA distribution that was rolled over into another tax deferred account within 60 days in the same year. How do I report the rollover? It is not inc… read more
BK-CPA
BK-CPA
Bachelor's Degree
687 satisfied customers
My wife sold her stock portfolio and cashed in her IRA She
My wife sold her stock portfolio and cashed in her IRA She had every intention of putting the money back into a retirement plan Her financial advisor put together a 100,000 flex plan and my wife wrote… read more
BK-CPA
BK-CPA
Bachelor's Degree
687 satisfied customers
Can I take a distribution from my 401K to make a downpayment
Can I take a distribution from my 401K to make a downpayment to buy and rebuild the house I am renting? The mortgage bank will put the whole amount back into the same 401K plan when the new mortgage i… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,605 satisfied customers
When I left my last fulltime employment, I rolled my ...
When I left my last fulltime employment, I rolled my pension plans over to a traditional IRA at my credit union. I was out of work for five months and had no recourse but to withdraw $1,500 on January… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
33,749 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