Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
I am retired and doing the mandatory withdrawals from my sep
I am retired and doing the mandatory withdrawals from my sep ira. I am 71 1/2yrs old. I juist returned to work and they offer 401k with matching 50% up to 6%. can I co this and would I also have to wi… read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,691 satisfied customers
To Pearl: Iam a 73 year old man with a Tax Burden of
Iam a 73 year old man with a Tax Burden of "RMD-70" and I would pay taxes on the amount I must withdraw . . . = 10% of the total nest egg? … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,923 satisfied customers
I had to withdraw my 401k due to financial hardship because
I had to withdraw my 401k due to financial hardship because this is the second year that I've been unemployed. Is there any type of tax break that I can get due to this hardship? … read more
Bill
Bill
Master's Degree
3,157 satisfied customers
My wife and I each have IRAs. She is and I am 73. Do we each
My wife and I each have IRAs. She is 69 and I am 73. Do we each do separate mandatory distributions?… read more
Tax.appeal.168
Tax.appeal.168
Principal
6,590 satisfied customers
My husband's company was sold and he is now working for the
My husband's company was sold and he is now working for the new company. It has been treated as a "separation from service" from the old company. With regard to his 401K, he is now able to take a with… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,894 satisfied customers
I know I can withdraw 10k from my 401k for a down payment
Hello,I know I can withdraw 10k from my 401k for a down payment with no penalty. Is this pre or post tax?Thanks, Alex… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,287 satisfied customers
I'm 70 1/2. I'm retired and living on social security and a
Hi. I'm 70 1/2. I'm retired and living on social security and a pension. I must make a distribution from my ira, but I have 2. One is a 401k that will be non taxable to withdraw from and the other is … read more
CFEPro789
CFEPro789
Fraud Analyst
Master's Degree
369 satisfied customers
I was 70 1/2 years old in August 2015. I am still working.
I was 70 1/2 years old in August 2015. I am still working. Every year I make the maximum contribution to an IRA. I hear that I need to start taking distributions soon. When do I need to do that? What … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
21,940 satisfied customers
I am 49 years old and have been unemployed of 2015 with zero
Hi. I am 49 years old and have been unemployed for all of 2015 with zero income. I am considering making a $10,000 withdrawal from my 401k to pay for some elective medical issues not covered by insura… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,665 satisfied customers
I am 71 years old and joint with my husband for tax-return.
I am 71 years old and joint with my husband for tax-return. My husband is 73 years old, but he is still working. I have a regular IRA account. Do I need to start to withdraw money from my account?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,923 satisfied customers
I have rolled over my company 401k retirement plan to a fixed
I have rolled over my company 401k retirement plan to a fixed annuity. What is the mandatory amount I must take out of my qualified accounts (401K) investments annually starting at age 70 1/2? The inv… read more
Bill
Bill
Master's Degree
3,157 satisfied customers
Hi I have 44K in an IRA. I need to take it out because I
Hi I have 44K in an IRA. I need to take it out because I lost my job 7 months ago. If I take it out from my last employer. How much tax would I owe to the IRS? And what would I remain with? Still not … read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,663 satisfied customers
GOOD MORNING I am doing some estate (tax) planning for myself
GOOD MORNING: I am doing some estate (tax) planning for myself and want to maximize contributions to my (6) favorite charities. I currently have an IRA and a 401K (TSP)which I plan to leave all or mos… read more
Bill
Bill
Master's Degree
3,157 satisfied customers
I want to take some money out of my IRA. I am 73 years old.
I want to take some money out of my IRA. I am 73 years old. I need to recoup some medical expenses I had to pay out. My finanacial consultant is telling to me to take it out of my managed accounts. i … read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,663 satisfied customers
I own a company and have a 401k for the company. I am 66 years
I own a company and have a 401k for the company. I am 66 years old and the normal retirement age for the plan is 60. I currently am a salaried employee, but could convert to a consultant at any time. … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My husband died October 8th of this year. Must a distribution
My husband died October 8th of this year. Must a distribution be taken in 2008? If so must it be taken before his IRA is rolled over? Given the condition of the market I am trying to stall RMD If I ha… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
best tax option for lump sum from a 401k at 71 1/2 years old
I was born on september 1934. I have to take out my funds on my 401k by april of this year. The company I work for started a 401k only a few years ago. I of course did not benefit from the 401k as muc… read more
Sandi Hargrove, SkyHawks
Sandi Hargrove, SkyHawks
Master Tax Pro and Enrolled Agent
Master Degree
1,254 satisfied customers
My company was bought out by another company and the 401k ...
My company was bought out by another company and the 401k of the old company is being terminated. I am 62 years old and terminated my employment with the new company. Will I be penalized if I cash out… 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

4,937 satisfied customers

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

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

261 satisfied customers

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

Robin D.

Robin D.

Senior Tax Advisor 4

21,940 satisfied customers

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

Megan C

Megan C

Certified Public Accountant (CPA)

8,659 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