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Does your tax advisor has CPA? These people has CPA license?
it is about 401k withdrawal and associate penalties tax liability can your people help me to calculate this? … read more
Courtney Davis
Courtney Davis
Master's of Business Administration
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In 2016 my wife took a $50,000 loan against her 401-K plan
In 2016 my wife took a $50,000 loan against her 401-K plan and used the amount as a down payment to purchase a house.. in 2017, she took out $65,000 from her 401-K plan to pay off the balance of $44,0… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
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Self-directed 401(k) question. If I repay the loan that I
Self-directed 401(k) question. If I repay the loan that I personally took from the self-directed 401(k) how long do I have to wait until I can we borrow some or all of that money?… read more
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Taxpayer off from employer October 2017 with severance pay.
Taxpayer laid off from employer October 2017 with severance pay. Employee has a 401(K) and has a $10,000 loan against the 401(K) balance. Before the lay off, he made 2 payments toward the loan. Since … read more
Robin D.
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My company was bought out this year and I had a 401K loan
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Jason M. Tyra, CPA
Jason M. Tyra, CPA
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I am a divorced mother of 3 children i have full custody. My
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Megan C
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We are planning to retire soon to a considerably smaller town;
We are planning to retire soon to a considerably smaller town; however, my husbands long-term employer will probably lay him off in August 2014 (the next target layoff month). He's eligible for 28 wee… read more
socrateaser
socrateaser
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111mk, Is there a way of knowing (or estimating) how much I'll ow
Is there a way of knowing (or estimating) how much I'll owe in taxes? I was on unemployment, and they never took taxes out of my payments.… read more
Marvin,EA
Marvin,EA
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Hi, I am 56, I withdrew amount from my 401K account in Nov
Hi, I am 56, I withdrew amount from my 401K account in Nov '12. I was planning to deposit back within 4 months. But, I could not. Now, i can deposit all money back in my plan within 1 year of withdraw… read more
Megan C
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My husband took a loan against his 401 k several years ago.
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LEV
LEV
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I am being laid off from my job after 22 years. I have $278K
I am being laid off from my job after 22 years. I have $278K in my 401K - I am estimating that I will need to take about 50K out for medical bills, credit card bills and student fees for my daughter. … read more
Bill
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When I filed my 2008 taxes in Oct 2009 I owed $9500.00. I
When I filed my 2008 taxes in Oct 2009 I owed $9500.00. I made an installment agreement to pay $500.00 per month. I have been paying that on the 15th of every month, but I still owe $3700.00 and I am … read more
Brenda Guy
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I want to use mt 401K to pay off my mortgage. The mortgage
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If I receive no W2 income for tax year 2010 and only 1099 income.
If I receive no W2 income for tax year 2010 and only 1099 income. Can I roll over the balance of my 401(k) to a Roth IRA no matter how high my income is?… read more
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I rolled over my 401 when i was laid off into a ira fund but
I rolled over my 401 when i was laid off into a ira fund but i did take a little in payout with taxes withheld. Question do I have to report the direct rollover and if so on what form? Where do I repo… read more
Bill
Bill
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I withdrew money from AG Edwards without paying taxes
I rolled over 401 k plans about 10 years ago. I withdrew money and they told me I could pay taxes on it now or during filing. I opted not to pay at the time. They sent me a 1099. I cashed out/liquidat… read more
Bill
Bill
Master's Degree
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IS THERE EVER A TIME YOU DONT HAVE TO PAY A PENALTY ...
IS THERE EVER A TIME YOU DONT HAVE TO PAY A PENALTY ON A WITHDRAW FROM YOUR 401 K IF YOU DID SO TO PURCHASE A PRIMARY RESIDENCE… read more
Guru_Guy
Guru_Guy
Doctoral Degree
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We drained our 401k this year when my husband lost his job.
We drained our 401k this year when my husband lost his job. We had numerous medical bills and the mortgage to pay are there any options to paying the taxes on the withdrawal.We have 3 small children a… read more
Guru_Guy
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