Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
I want to take money out of my 401k. 30,000. the company
i want to take money out of my 401k. 30,000. the company siad in order to get that much i would have to take over 40,000 out to cover the taxes. i can do this now without a penalty because i left my j… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
CERTIFIED FINANCIAL PLANNER ®, Professional
Master's Degree
2,895 satisfied customers
At age 90, I have a Brokerage CD IRA and would like to
At age 90, I have a Brokerage CD IRA and would like to transfer this to a trust (revocable trust) that I have recently setup for my children with minimal tax implications. What is the best way to do t… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I received a small inherited IRS (approx. $25,000) from my
Hi - I received a small inherited IRS (approx. $25,000) from my husband when he passed away in 2013. It has been performing horribly with the company that is currently administering it. Since I am 55,… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I have a shipment of 90 kilograms of Gold Declared at US
I have a shipment of 90 kilograms of Gold Bullion Declared at US Customs from Great Britain that was an inheritance. What are the customs declaration taxes and duties due at US customs for importing? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
6,013 satisfied customers
Do have an expert on IRA CDs? Accountant, I want to ask
I'm asking about IRA CDS, inheritance and tax brackets.… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
A relative left me $17,000 to be put in an ira at bank in
a relative left me $17,000 to be put in an ira at bank in illinois. thr fee is $950.00 a yr and they said i have to take out $ every yr , the amount determined by my life expectancy. i am soon to be 6… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
If I take out the principal money out of my CD that is in an
If I take out the principal money out of my CD that is in an IRA in the bank to buy a second house where my daughter lives, will I have to pay taxes on it? This was a lump sum of my husband's retireme… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I MOVED MY IRA FROM A SCHWAB ACCOUNT ABOUT 6 MONTHS AGO.
I MOVED MY IRA FROM A SCHWAB ACCOUNT ABOUT 6 MONTHS AGO. $142,OOO. TO A METALS DIRECT GOLD ACCOUNT. NOW IT IS ABOUT $58,000. STUPID ME. ? DO I STILL NEED TO TAKE A DISTRIBUTION, I AM A WIDOW, 83 YEARS… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I have a 10K CD which has matured and am thinking of rolling
I have a 10K CD which has matured and am thinking of rolling that CD into Gold Bullion/Coin and wanted to know if there would be any applicable Federal tax owed when doing this?… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
Is it allowed to roll over classicalIRA Annuities into a
Is it allowed to roll over classicalIRA Annuities into a Bank CD? Do you need to pay taxes on that?… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
My elderly mother put her remaining cash (approx. $150K) in
My elderly mother put her remaining cash (approx. $150K) in an IRA prior to her passing. I was named as the beneficiary. This was intended to be an inheritance. When she passed and all pertinent docum… read more
abci168
abci168
Principal
27 satisfied customers
Robin D I have silver and gold etf pslv and phys at sprott
Robin D I have silver and gold etf pslv and phys at sprott physical bullion trust which is a Passive Foreign Investment Corporation (PFIC). I am ok to pay income tax at regular income tax rate rather … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I have a non-IRA annuity that matures OCT 16. Original investment
I have a non-IRA annuity that matures OCT 16. Original investment was 100K and at maturty it will be approx 124K. I would like to pay the taxes and distribute to CDs and Gold. Would the tax on the 24 … read more
Charles Greiner
Charles Greiner
Owner
Bachelor's Degree
2,436 satisfied customers
Hello i recently sold a property in Honduras for $100,000
Hello i recently sold a property in Honduras for $100,000 and i have the money in Honduras i would like to take it with me to Florida. i was wondering if i declare it how much do i need to pay in impo… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
Do I have to fill out forms TD f 90-22.1 and 8621 for a passive
Do I have to fill out forms TD f 90-22.1 and 8621 for a passive foreign investment company (pfic) held in an IRA?… read more
socrateaser
socrateaser
1,031 satisfied customers
My mother recently died and left my brother and I with a 401k
My mother recently died and left my brother and I with a 401k valued at $400,000. This account represented her entire estate. We will split this money 50/50. I live in washington he lives in illinois.… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I am withdrawing $95,000 from a CD to give as gifts to my children
I am withdrawing $95,000 from a CD to give as gifts to my children and grandchildren. The bank will take the early withdrawal penalty from the amount. How do I determine how much tax I will have to pa… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I have a cd that will mature soon I wish to cash it out but ...
I have a cd that will mature soon I wish to cash it out but I don't know what percentage of fed and md state taxes I should pay i am 68 yrs old… 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