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I'm sure this question has been asked several times now, but
Hello, I'm sure this question has been asked several times now, but I really can't find a concrete answer to the question. I served 20 years in the military and retired. My ex spouse and I divorced af… read more
LEV
LEV
Retired
Bachelor's Degree
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This past year I recently got divorced and I was entitled to
This past year I recently got divorced and I was entitled to half of my ex-wife's 401k. I withdrew the money due to the fact that I was going through hard times and pay taxes on it do I have to claim … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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I'm getting divorced and my wife is getting paid a portion
I'm getting divorced and my wife is getting paid a portion of my 401K and pension. How much tax will she have to pay on this money and is there a way to minimize the taxes paid?… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
In a divorce settlement. Say there is $20k in cash and $20k
In a divorce settlement. Say there is $20k in cash and $20k in a 401k. If one person wants only cash how do you account for the penalties and taxes to a 401K disbursement?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I collect a pension which has not been split with a qdro needed
I collect a pension which has not been split with a qdro needed by the pension manager. The full payment comes to me and if I pay my wife here settlement amount is there tax on it for her. Neither the… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
In May 2014 me and my wife signed a Marital Settlement Agreement
In May 2014 me and my wife signed a Marital Settlement Agreement and consequently a QDRO split the payment of my ex-employer pension in half. I understand that from the time the QDRO is implemented my… read more
Lawrence D. Gorin
Lawrence D. Gorin
Attorney at Law
J.D. (Juris Doctor)
46 satisfied customers
, I divorced in 2013. The divorce decree said that my traditional
Hi, I divorced in 2013. The divorce decree said that my traditional company pension is to be divided equally (50/50%) by QDRO. The QDRO has not been finalized as of yet (over 1 1/2 years!). In the mea… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
$53,200 going into a QDRO as my share of a divorce settlement.
$53,200 going into a QDRO as my share of a divorce settlement. It is the agreed upon amount from my equity in the house - 1 - how does the equity get into the QDRO? 2 - What are my tax implications? I… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
My wife is taking my deferred comp in a divorce through a QDRO
My wife is taking my deferred comp in a divorce through a QDRO to pay Our past IRS obligations. I know she will have to pay a10% fee and pay taxes on the total taken Approx20k. If she has the IRS just… read more
Lawrence D. Gorin
Lawrence D. Gorin
Attorney at Law
J.D. (Juris Doctor)
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In my Texas divorce, my ex-wife was awarded 60% of my 4O1K
In my Texas divorce, my ex-wife was awarded 60% of my 4O1K per the decree QDRO. She cashed out and did not role over the money. My question is who is responsible for paying the early withdrwal taxes?… read more
Lawrence D. Gorin
Lawrence D. Gorin
Attorney at Law
J.D. (Juris Doctor)
46 satisfied customers
I recently moved from Tennessee to North Carolina and have
I recently moved from Tennessee to North Carolina and have just gone thru a divorce. I am going to get money from my ex-husbands 401k thru a QDRO. Will I have to pay North Carolina state taxes on this… read more
Stephanie B.
Stephanie B.
Accountant
Master's Degree
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A court ordered divorce settlement agreement entitles the ex
A court ordered divorce settlement agreement entitles the ex wife to money from the ex husbands retirement plans. When the ex wife receives the money and does not roll it over into a retirement plan i… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
My husband retired and his ex had previously been awarded a
My husband retired and his ex had previously been awarded a portion of his CSRS retirement with the government (not military). After he retired, she had the QDRO drawn up and they went back and forth … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I would like to know about the exceptions to the tax penalties
I would like to know about the exceptions to the tax penalties on early withdrawal of simple IRA. I understand one of the exceptions relates to divorce settlements. Is there a quantity limit on the am… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
The income I receive from my police pension is exactly ...
The income I receive from my police pension is exactly half of the amount reported on my 1099R form. This is due to a divorce settlement with my ex spouse. The city of Sioux Falls is legally exempt fr… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I am receiving half of my ex-husbands deferred ...
I am receiving half of my ex-husband''s deferred compensation account as a result of our divorce. I have been told that since it is the result of a divorce, I won''t be penalized, but I will have to p… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
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If a wife gets 1/2 of the husbands 401k as part of a ...
If a wife gets 1/2 of the husbands 401k as part of a divorce settlement, what are her options to avoid any tax consequences?… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
An inherited IRA (not from a spouse) cannot be rolled over.
An inherited IRA (not from a spouse) cannot be rolled over. Can a non taxable distribution be made to a spouse under a divorce settlement agreement? If not and yet there is such a distribution, what i… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
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