Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
Was informed by the IRS that I have to fill out an 8606. As
Was informed by the IRS that I have to fill out an 8606. As part of my divorce the court ordered me to transfer my Roth IRA to my ex spouse. i am extremely confused as to how to fill out the form in o… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 satisfied customers
I withdrew 25,000 from my roth ira. I am 61 years old. I
I withdrew 25,000 from my roth ira. I am 61 years old. I just had my taxes done & H & R Block is telling me I owe over 5000 to the IRS. I thought in a Roth I didn't have to pay taxes on that. Are they… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
My Roth IRA is invested with a company that allows
My Roth IRA is invested with a company that allows investments in real estates and notes. I am concerned about my investment being protected against things like fraud and insolvency ? How can I protec… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
2,711 satisfied customers
I'm 75 and subject to annual RMD's from my traditional IRA.
I'm 75 and subject to annual RMD's from my traditional IRA. In looking a way to shelter the RMD amount if I were to reinvest it, I stumbled on the virtually unlimited IRA to Roth Conversion. My questi… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
2,711 satisfied customers
I have $10,000 in savings and a few stocks. I'm afraid that
I have $10,000 in savings and a few stocks. I'm afraid that the IRS will tax me heavily. Is it too late to open a Roth IRA or regular IRA to offset some tax liability? Also, I defaulted on my student … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
What is the maximum contribution to 401k and Roth 401k for
What is the maximum contribution to 401k and Roth 401k for 61 year old? Are they separate limits or are they combined?… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
If someone is on SSI and SSDI, cn they keep things like
If someone is on SSI and SSDI, cn they keep things like stocks, IRA, Roth etc. … read more
Matthew Breecher
Matthew Breecher
President
MBA (Graduate Legal Studies)
286 satisfied customers
I am 68 Married and wife is 70. I am employed earning 58K
I am 68 Married and wife is 70. I am employed earning 58K Gross and both of us are collecting SSI for 3400 per month. I have 130K in Self Directed IRA and about 5K in 401K. I have been investing my IR… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
49 satisfied customers
I am a 58 year old male from West. I was awarded SSI
I am a 58 year old male from West Virginia. I was awarded SSI Disability in November 2015. I have recently withdrawn $20,000 from a retirement ROTH IRA I have with VanGuard Financial. I have paid taxe… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 satisfied customers
1. I do a ROTH conversion every year. I have no other IRAs I
1. I do a backdoor ROTH conversion every year. I have no other IRAs I do a same-day conversion from brokerage-to-IRA-to-ROTH of exactly $6,500. There is $0 taxable since it is same-day and I have not … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Im 64, recently paid off my mortgage and want to put the
Customer: ***** *****, im 64, recently paid off my mortgage and want to put the same amount as my monthly payments in an IRA, i already have one at work. I intend to retire at 73. … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I am 61 years of age and I am thinking of taking some funds
I am 61 years of age and I am thinking of taking some funds out of a Roth IRA and placing them into a personal online brokerage account, so that I can have more investment options with this money, suc… read more
Shane-CPA
Shane-CPA
CPA, PFS, CGMA
1 satisfied customers
My husband and I are low-paid teachers with little in savings
My husband and I are low-paid teachers with little in savings outside our 401ks; however, I just got a small $20000 inheritance. I have no earthly idea how to protect this money, much less invest it. … read more
Anne
Anne
Master Tax Preparer
1,328 satisfied customers
I withdrew my entire Roth IRA of $4800 early (Im under 50)
I withdrew my entire Roth IRA of $4800 early (I'm under 50) (Distribution code: J) to help my elderly mother with bills in January 2010. $480 federal income tax was withheld. I'm filing a 1040. On pap… read more
Bill
Bill
Master's Degree
2,278 satisfied customers
I am 56 years old and have an IRA which I have been taking
I am 56 years old and have an IRA which I have been taking 72(t) distributions from since 2006. I fear tax rates will be increasing in the future, so I wanted to take distributions as soon as I could … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I m 72. Wife 61. Have $4,600,000. in traditional IRA. If I
I"m 72. Wife 61. Have $4,600,000. in traditional IRA. If I covert to Roth? Can I pay the tax out of Roth money? Can the tax free withdrawals continue to wife and heirs after my death?… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Can I keep my Roth IRAs if I get on Social Security Disability,
Can I keep my Roth IRA's if I get on Social Security Disability, or do I have to withdraw them early? Also If I do get to keep them can I put more money in, and is the interest considered earnings?… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I have a Roth IRA account with Edward Jones. Im 53 and my
I have a Roth IRA account with XXXXX XXXXX. I'm 53 and my wife is 61. We moved to Northern Ireland, where she is from, last June to live. I receive a retirement pension from Ford. I would like to tran… read more
Merlo
Merlo
Tax Consultant
558 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

15,569 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