Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
Can i use the profits from a self directed IRA (Real Estate
Can i use the profits from a self directed IRA (Real Estate Monthly Income), and be taxed regularly. It was a Beneficiary IRA so I know I don't have the 10% penalty and that I do have to take the RMD.… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
This is a question pertaining to RMD. I have an annuity that
This is a question pertaining to RMD. I have an annuity that was funded with IRA money from which I am taking monthly $1,278.55 draw downs.. This is $15,342.60 annually to which MetLife had previously… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I have an annuity that I get money from every month. I am
I have an annuity that I get money from every month. I am retired and turned 711/2 in January of 2017 . Do I still have to take the mandatory withdrawal this year? … read more
abci168
abci168
Principal
27 satisfied customers
I have an IRA with a death benefit. When the required
I have an IRA with a death benefit. When the required minimum withdrawal exceeds the value of the balance of the IRA not considering the death benefit what shpuld I do? … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
What is the penalty for rolling an IRA without taking the
what is the penalty for rolling an IRA without taking the required distrabution … read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,249 satisfied customers
My husband and s brothers equally inherited 3 life insurance
My husband and his brothers equally inherited 3 life insurance vehicles (I believe all provided some form of annualized benefit to their mother during her lifetime). I have the 1099-Rs for all three a… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
My 70th birthday was on January 15, 2016. I have three
My 70th birthday was on January 15, 2016. I have three -pension and annuities. I have one million and 100 1,100.000 in annuities I have 300,000 in an ira I have 160,000 in another ira. I understand I … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
RMD question. I have a traditional IRA I tracked my non
RMD question. I have a traditional IRA for which I tracked my non deductible contributions so I know my cost basis. I also have what Vanguard calls a ROLLOVER IRA. This ROLLOVER IRA is former employer… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,249 satisfied customers
If I take a lump sum distribution from my pension and put it
If I take a lump sum distribution from my pension and put it in an IRA or annuity do I have to pay take on the whole amount in the year that I take the distribution or can I pay tax on the retirement … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
RMD on a Qualified SPIA? My wife and I each have a SPIA,
RMD on a Qualified SPIA? My wife and I each have a SPIA, opened with qualified money, which pays for our Genworth Long Term Care insurance. Each year we receive a distribution and each year we receive… read more
Lane
Lane
JD, CFP, MBA, CRPS
Doctoral Degree
15,249 satisfied customers
I need to take an RMD this year. Must I take it from both
I need to take an RMD this year. Must I take it from both my IRAs and my TSAs (403b), or can I take it from just an IRA OR a TSA… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
for the purpose of the "Required Minimum Distributions", I
for the purpose of the "Required Minimum Distributions", I have several IRAs, annuities, and two 401K that I turned to IRAs. I am 701/2 years old this year. After detemining the total amount that I am… read more
Phillip Bell, EA
Phillip Bell, EA
Tax Advisor
Bachelor's Degree
191 satisfied customers
I have managed accounts at a major brokerage house for my non
I have managed accounts at a major brokerage house for my non contributory IRS, IRA annuity and Keogh. At age 69 in year 2000, I took out an annuity from 1/2 of my IRA. It was implied or I misundersto… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I turned 70.5 this year (2011) and need to take RDMs (required
I turned 70.5 this year (2011) and need to take RDM's (required minimum distributions) from my 6 different IRA accounts. One of these accounts is a 7 year Immediate Annuity for which I have been recei… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I know that you can start taking IRA distributions at 59 1/2 I
I know that you can start taking IRA distributions at 59 1/2 I know you must start taking IRA distributions at 70 1/2 I am wondering how Required Minimum Distribution (RMD)works. If money is tight and… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
60 satisfied customers
I have a rollover IRA plus tax deferred annuities. My question
I have a rollover IRA plus tax deferred annuities. My question is,can I withdraw enought from just the IRA to satisfy the aggerate amount, or must I withdraw the minimum amount from each account separ… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I just became 70 1/2 and would like to know if I have to make
I just became 70 1/2 and would like to know if I have to make a distribution payout from my IRAs in 2010 and do the distribution payouts have to come from each IRA (CDs, stock, bonds, annuities)??… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Rollover of 401(k) into a trad. IRA variable deferred annuity
Rollover of 401(k) into a trad. IRA variable deferred annuity with a guar minimum income stream at a % interest calc of original purchase payment into the annuity. No annuitization, and the income dra… read more
Bill
Bill
Master's Degree
2,278 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