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IRS tax question: If someone's parent died and they got a
IRS tax question:If someone's parent died and they got a 1099-R with an amount in box 1 and box 2a (same amount, say $25,000) and then the tax amount not determined box is checked, I understand that w… read more
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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
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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
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Prior to April 15, 2015, our bankers advised us to simply "redesignate"
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I took an excess distribution of my IRA in 2014, corrected
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I have questions about an IRS form. Specifically, about filing
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In 2012, I pulled money out of an IRA account and returned
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HISTORY: In 2009 I had an IRA at Schwab brokerage. At my
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i received a form 1099-r in 2010 whereby my 401k plan was rolled
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My AGI exceeded 105,000 in tax year2008, but I had rolled over
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When preparing 2008 fed return, we discovered about $1000 of
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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
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