Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
Taking out 200,000,00 before taxes out of my IRA, to
Taking out 200,000,00 before taxes out of my IRA, to purchase a rental property/vacation home. What would the taxes be, our income before that would be 110,000.00 annually. … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,464 satisfied customers
What is the tax penalty own $100000 withdrawal from an IRA
What is the tax penalty own $100000 withdrawal from an IRA account … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
What is the income tax liability on money taken out of a retirement
What is the income tax liability on money taken out of a retirement account to pay off the loan on a primary residence. I am over 66… read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,512 satisfied customers
I live in Georgia and am 54 years old. My company released
I live in Georgia and am 54 years old. My company released me go a week ago and did not give me severance pay. I have enough savings to get by for two months. If I do not find a job by then I will hav… read more
PDtax
PDtax
Owner
Master's Degree
9,538 satisfied customers
I need to cash in a cash in a IRA to pay a attorney for divorce
I need to cash in a cash in a IRA to pay a attorney for divorce cost The amount of IRA is 28,363.63 I would like to know what state and federal taxes and penalties would be for early withdrawal I'am 5… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I live in California and I am on disability / SSDI income -(28K
I live in California and I am on disability / SSDI income -(28K annual) - last year I paid no taxes and obviously had no deductions. I am considering purchasing a solar electric system for my house an… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
968 satisfied customers
If I were to cash out my annuity fund (pre-retirement age)
If I were to cash out my annuity fund (pre-retirement age) at about $40k, how much would be taken out as early withdrawal penalty? Would you also be able to tell me how much would go to which location… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Im a 52 yo single male -permanently disabled, residing in
I'm a 52 yo single male -permanently disabled, residing in the state of California. I want to withdraw my Simple IRA in full. I don't file State or Federal income tax. I'm assuming my tax bracket is z… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,650 satisfied customers
If I take a partial withdrawl from my traditional IRA to invest
If I take a partial withdrawl from my traditional IRA to invest in gold, will I have to pay taxes on the partial withdrawl?… read more
Tax.appeal.168
Tax.appeal.168
Principal
8,650 satisfied customers
My wife and I have 401K at work. It no longer gives any company
My wife and I have 401K at work. It no longer gives any company contributions. We are both over 59 1/2, me just barely, my wife is at 61. We live in Nevada-no state tax. We plan on retirement in Ohio,… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,360 satisfied customers
I am 53, 2 dependents, going through a divorce and need $7000
I am 53, 2 dependents, going through a divorce and need $7000 to meet divorce settlement. The only savings I have are 403 (b)(7). What will my tax liability if I take the money out of the 403? Thanks… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
What is the income tax implication of liquidating funds out
What is the income tax implication of liquidating funds out of my IRA early in order to put a 20% down payment on a new home (I am not a first time home buyer)? I am 39 years old.… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I inherited a small sum of money held in an IRA from my father...I
I inherited a small sum of money held in an IRA from my father...I have option to cash out or open a beneficiary IRA. If i cashout, do I pay the 10% penalty or just the Federal withholding… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Hi...I writing you to help me to get some answers to some
Hi...I writing you to help me to get some answers to some questions I have. I am thinking of closing out my roll over IRA..because of financial problems. I was in contact with the invest firm that I h… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I have been out of work 5 months. My husband and I are considering
I have been out of work 5 months. My husband and I are considering withdrawing enough money from my rollover IRA to pay off our house so we at least have somewhere to live. What are the tax implicatio… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
968 satisfied customers
I want to withdraw money $3000 from my IRA account to ...
I want to withdraw money $3000 from my IRA account to pay off a credit card. I realize there will be a federal income tax of 10%, so I am adding an additional $300 to my withdrawel. There is also a st… read more
Guru_Guy
Guru_Guy
Doctoral Degree
1,634 satisfied customers
What percentage of state and federal taxes would I have to ...
What percentage of state and federal taxes would I have to pay on an early withdrawal from an IRA in the state of Colorado if my yearly incme is $48,000.00?… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,464 satisfied customers
I need to to make an early withdrawal of $6,000.00 on ...
I need to to make an early withdrawal of $6,000.00 on an IRA. How much (percentage) should I withhold for federal and state taxes? I live in California, age is 50… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
2,290 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