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We are california residents and own property in georgia. We
We are california residents and own property in georgia. We are about to sell land only, and want to know the tax libelity ?… read more
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I am planning to take a withdrawal from my 401k. I live and
I am planning to take a withdrawal from my 401k. I live and work in New Jersey and wanted to know what total tax percentage withholding I need to elect with the plan so I won't be stuck owing taxes at… read more
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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
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I have a tax question. I went through a divorce and my
I have a tax question. I went through a divorce and my settlement left me needed to live out of my retirement. I took 43000 last year out of my retirement. How does the 25% penalty work. I am 39 but I… read more
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I'm closing an IRA account in Tucson Arizona but I live in
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I took an early distribution from a traditional IRA. I had
I took an early distribution from a traditional IRA. I had 20% withheld for federal taxes and penalties. I live in New York. I know that I have a 10% federal penalty. Do I have a penalty in New York o… read more
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i\I live in California. These past few years have been tough
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Like many others, I was laid off in 2008. In 2009, I ran into
Like many others, I was laid off in 2008. In 2009, I ran into financial hardship and needed access to my 401(k) money. In order to do that, I had to roll over my 401(k) to a traditional IRA, effective… read more
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I am a California resident. I cashed in my 403b retirement
I am a California resident. I cashed in my 403b retirement in 2010, which I had from many years ago when I lived in Georgia. I had state and federal taxes withheld, and I understand there's a penalty … read more
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I withdrew my GE Pension thinking I would need the money immediately,
I withdrew my GE Pension thinking I would need the money immediately, but it turns out that I do not. GE says I can't put it back into their pension plan. What can I do with the money now to avoid tax… read more
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What would the state and federal income tax be on $52,000 withdrawn from an IRA for first home purchase when base income is alreay $75,000 per year?… read more
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I am confused about something that happened in our 2008 tax
I am confused about something that happened in our 2008 federal tax return. I had a traditional IRA contribution of $4500 that year. However, I had also taken an early distribution of $4015 total with… read more
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I am going to be 59 in January, 2010. Can I take a distribution
I am going to be 59 in January, 2010. Can I take a distribution of my IRA then? or do I have to wait until July? In other words, can I get IRA funds in the YEAR I turn 59 1/2 or do I have to actually … read more
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I have money in an Roth IRA acount of about 13,500. the amount
I have money in an Roth IRA acount of about 13,500. the amount i contributed to that acount was 14,000. I also have 5500 in a traditional IRA. I would like to take this money out for a home business. … read more
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In June of 2007, I quit my company which was taken over by ...
In June of 2007, I quit my company which was taken over by another company. There was a blackout period regarding in which the 401k program from the old company was rolled over to the new company's 40… read more
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If I withdraw from an IRA prior to retirement, and have ...
If I withdraw from an IRA prior to retirement, and have taxes withheld from that amount, do I still have to pay another 10% in taxes? I withdrew funds from my IRA, had federal taxes withheld from the … read more
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I am 57 years old. If I liquidate my IRA Account, how does ...
I am 57 years old. If I liquidate my IRA Account, how does the tax get calculated. Also I started the IRA with a roll-over from my company that I retired from. Do I have to pay the 10% penalty? Is the… read more
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I am a canadian citizen, resident of Alberta. I have no ...
Cross-border inheritance tax query. I am a canadian citizen, resident of Alberta. I have no US income. My sister, a US citizen and resident of Washington state, died recently. I am handling the estate… read more
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