Tax

Have a tax question? Ask a tax Expert

Connect one-on-one with {0} who will answer your question

Related Tax Questions
I have $1M in a Vanguard rollover IRA from a previous
I have $1M in a Vanguard rollover IRA from a previous employer. I have conventional 401K and Roth 401K monies at my current employer with Fidelity. I plan to roll over the Fidelity Roth 401K monies to… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,543 satisfied customers
My question pertain to how to complete your taxes to show
My question pertain to how to complete your taxes to show contribution to a non-deductible IRA and then convert to Roth IRA. My spouse does not work and I want to take advantage of the non-spousal IRA… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,543 satisfied customers
Can you verify that I can (with my wife, we are both ) put
Can you verify that I can (with my wife, we are both 69) put another 13,000 in an IRA and not have to pay federal taxes on it this year. The only money I put into a 401K was through my employers. … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,671 satisfied customers
In 2015 I left my job. At that time I had a Vanguard 401K
In 2015 I left my job. At that time I had a Vanguard 401K with about 30K. Roughly 18K of that amount was Roth funds because I had switched to Roth contributions while I was with that previous employer… read more
Mark Anderson
Mark Anderson
Attorney
Doctoral Degree
1,068 satisfied customers
IRS Tax Question: If I contribute money into my traditional
IRS Tax Question: If I contribute money into my traditional IRA in 2017, how long do I have to take it out? Is it October 2018? I already filed my tax return. Is there any penalty for leaving it in? W… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,227 satisfied customers
I accidentally contributed to traditional IRA in addition to
I accidentally contributed to traditional IRA in addition to maxing out 401k. The amount that I contributed to traditional IRA was taxed. What can I do fix this so I don't get taxed when I withdraw mo… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,606 satisfied customers
IRS 2015 Fed tax is claiming i needed to claim $6000.00 took
IRS 2015 Fed tax is claiming i needed to claim $6000.00 took from a Fidelity Roth IRA on 11/20/2015. i put $6500.00 cash into the same Roth IRA on 10/6/2015 should i have claimed the $6000.00? … read more
PDtax
PDtax
Owner
Master's Degree
6,526 satisfied customers
I took distributions from a traditional IRA during 2015,
I took distributions from a traditional IRA during 2015, after I reached age 59 1/2. Fidelity sent me 1099-Rs that only show a small fraction of the distributions. I need to know what to report on my … read more
Bill
Bill
Master's Degree
3,255 satisfied customers
I have a AGI of $193,382. Approximately $126,382.00 of my
I have a AGI of $193,382 for 2015. Approximately $126,382.00 of my AGI is from a pension plan, approximately $37,000 is from a part time job I have; $30,000 is from my spouse employment income. There … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,671 satisfied customers
To Roth IRA expert: A joint filer was NOT eligible to
To Roth IRA expert: A joint filer was NOT eligible to contribute to a Roth IRA in 2014 as modified adjusted gross income exceeded $191,000. Using Fidelity, my friend's spouse contributed $6,500 into R… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,543 satisfied customers
IRA AND SCHEDULE C INCOME: HUSBAND AND WIFE ARE BOTH OVER 50
IRA AND SCHEDULE C INCOME: HUSBAND AND WIFE ARE BOTH OVER 50 AND FILE A JOINT RETURN. NEITHER HAS FORM W-2 WAGES AND NEITHER IS COVERED BE A QUALIFIED PLAN. BOTH HAVE SCHEDULE "C" SELF-EMPLOYMENT INCO… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,416 satisfied customers
This is a question regarding the taxation of a Roth IRA.
Hi, This is a question regarding the taxation of a Roth IRA. I have been told that all capital gains are free of taxation as long as you do not withdraw funds for five years. It does not make sense th… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,227 satisfied customers
I'm a sole proprietor and just opened a SEP with Fidelity as
I'm a sole proprietor and just opened a SEP with Fidelity as well as a Roth IRA. Can I maximize my Roth IRA $5,500 for 2015 and add to my SEP (25% of my net profit) for 2015 as well? Will my net profi… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
21,227 satisfied customers
If a 58 year old has a 401k at work, can he contribute to a
If a 58 year old has a 401k at work, can he contribute to a ROTH IRA today in 2014 & 2015? If so, how much for each year? If not, how much can the 58 year old contribute to his IRA in 2014 & 2015? Is … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
41,543 satisfied customers
I am 63 years old and contributed 6500.00 to my traditional
I am 63 years old and contributed 6500.00 to my traditional IRA. I have already paid taxes on this money. The rest of my money in the IRA is pre-tax contributions. Should I do a non deductible contrib… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,778 satisfied customers
I have a Roth IRA & I am 30 years old. I contributed $600 in
I have a Roth IRA & I am 30 years old. I contributed $600 in 2009 & also took a disbursement of $600 in 2009. I am looking to recharacterize my Roth IRA to a traditional IRA so I am not penalized for … read more
RD
RD
Self Employed
Master's Degree
1,129 satisfied customers
withdrawn around $15,000 this year from IRA to supplement retirement
withdrawn around $15,000 this year from IRA to supplement retirement income. will this be included as income and taxed?… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I am on disability and received $16,224. from Soc.Sec
I am on disability and received $16,224. from Soc.Sec in 2006 as income. I also withdrew $13,000.00 out of my IRA account. I paid no taxes on any of it. I am married, but plan to file separate tax ret… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 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

6,039 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

838 satisfied customers

B.A., M.B.A, J.D.

Loren

Loren

Attorney

741 satisfied customers

Over 25 years practicing law

Robin D.

Robin D.

Senior Tax Advisor 4

23,416 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,667 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

< 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