Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
I had a traditional IRA at Wells Fargo Advisors. 1. In
I had a traditional IRA at Wells Fargo Advisors.1. In January 2018, I took the minimum required distribution from that account. 2. In March 2018, Wells Fargo Advisors made a trustee to trustee (direct… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
1,753 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
Retired
Bachelor's Degree
14,896 satisfied customers
I opened a SEP-IRA with Fidelity a month ago and made a contribution
I opened a SEP-IRA with Fidelity a month ago and made a contribution which I would like applied to 2015 taxes for a business write-off. According to the IRS, a contribution made up to the tax deadline… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I have a client who received a 1099-R form disbursement from
I have a client who received a 1099-R form for a disbursement from her 401-K. The 1099-R indicates the gross distribution in box 1 was completely taxable in box 2. Monies were withheld in box 4 so my … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,640 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
Retired
Bachelor's Degree
14,896 satisfied customers
I withdrew $16K from my IRA last Fall. I had $4K withheld.
I withdrew $16K from my IRA last Fall. I had $4K withheld for taxes. Within 2 weeks of my withdrawal I no longer needed the funds so I re-deposited the $12K back into my IRA. My 1099 R only reflects t… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,640 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
14,896 satisfied customers
Prior to April 15, 2015, our bankers advised us to simply "redesignate"
Prior to April 15, 2015, our bankers advised us to simply "redesignate" our 2014 Roth IRA contributions in excess of earned income as 2015 Roth IRA contributions to avoid the 6% penalty on earnings. W… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
took funds from ira of $40000 and $30000 from two different
took funds from ira of $40000 and $30000 from two different ira's in 2014. within 60 days rolled over and put $40,000 back into one ira and $20,000 in the second ira. how is this taxed?… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
re SEP-IRA. Owner 75 yoa. Should a withdrawal from, and re-deposit
re SEP-IRA. Owner 75 yoa. Should a withdrawal from, and re-deposit to, this account in the same amount be reflected in form 1099R ? Doing so makes it taxable. Both 60 day limit and 12 month max met. D… read more
abci168
abci168
Principal
27 satisfied customers
I took an excess distribution of my IRA in 2014, corrected
I took an excess distribution of my IRA in 2014, corrected it within one week by a rollover contribution to the same IRA. How do I report this on my 1040. Fidelity provides only the 1099R with the ori… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,640 satisfied customers
someone put $1600 in roth ira expecting later earned income,
someone put $1600 in roth ira expecting later earned income, yet no earned income received. What would happened if person does not file taxes? This person could get a 1099 from someone but would then … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I have questions about an IRS form. Specifically, about filing
I have questions about an IRS form. Specifically, about filing a "corrected form 5498." QUESTION: Apart from providing the corrected information on a Form 5498 and putting a check mark to indicated "C… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
In 2012, I pulled money out of an IRA account and returned
In 2012, I pulled money out of an IRA account and returned the money to the same account within the 60 day requirement. Unfortunately, I was told by my brokerage that I just needed to return the money… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,640 satisfied customers
When I make a transfer from my IRA to my state 457 plan who,
When I make a transfer from my IRA to my state 457 plan who, if anyone, is responsible for filing form 5498 or is it sufficient for me simply to note the basic facts of the transfer including relevant… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
i received a form 1099-r in 2010 whereby my 401k plan was rolled
i received a form 1099-r in 2010 whereby my 401k plan was rolled over to an ira as a total distribution. on what line does this distribution get included on the 2010 form 1040 tax return?… read more
abci168
abci168
Principal
27 satisfied customers
i received a cashier check from my ira at another financial
i received a cashier check from my ira at another financial instituion as i wanted to take it to another bank for a rollover and they coded it early distribution but my financial institution who recei… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I removed money from a 401K here is how it went. 1.
I removed money from a 401K here is how it went. 1. removed 2500.00 and rolled 4660.00 to and ira 2. I then removed 2000.00 from the ira leaving about 2400.00. Now. I have 3 1099-R forms + 1 5498 I en… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 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

18,640 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