Tax

Have a tax question? Ask a tax Expert

Connect one-on-one with {0} who will answer your question

Related Tax Questions
I left corporate American a couple years ago. My retirement
I left corporate American a couple years ago. My retirement contributions have remained with the service provider with that company.Presently I am an active real estate investor and am considering wit… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
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
2 satisfied customers
I am buying my first home. I have a roth 401K and want to
I am buying my first home. I have a roth 401K and want to use those funds for the downpayment in the amount of $75,000. I have been reading to transfer it to an IRA and withdraw from that to avoid pen… read more
Bill
Bill
Master's Degree
3,132 satisfied customers
I am trying to move about $125k from a traditional IRA that
I am trying to move about $125k from a traditional IRA that is 100% deductible/post tax to a 401k. The plan was to then make a $5,500 non-deductible (after tax) contribution to a Traditional IRA, and … read more
taxmanrog
taxmanrog
Master's Degree
1,407 satisfied customers
Here goes... I have 2 sub accounts with Vanguard that are a
here goes... I have 2 sub accounts with Vanguard that are a mix of 401K rollovers (pre and post tax contributions) and IRA (post tax contributions that were declared as deductions on my annual income … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
CERTIFIED FINANCIAL PLANNER ®, Professional
Master's Degree
3,107 satisfied customers
My wife is converting money from an ESOP from a former
My wife is converting money from an ESOP from a former employer to a Roth IRA? We have not completed the rollover yet but need to determine how much money to put into the Roth IRA and how much to pay … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
CERTIFIED FINANCIAL PLANNER ®, Professional
Master's Degree
3,107 satisfied customers
I am 23 years old, and I would like to convert a traditional
I am 23 years old, and I would like to convert a traditional 401k plan from an internship I did over the summer into a Roth IRA. There is approximately $600 within the 401k plan that was contributed b… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I am considering converting the after-tax portion of a 401k
I am considering converting the after-tax portion of a 401k into a Roth IRA and the pre-tax portion into a traditional IRA. From what I can tell the IRS seems to not have clearly weighed in as to whet… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,908 satisfied customers
I am 62, still working, and want to pay off my mortgage with
I am 62, still working, and want to pay off my mortgage with a portion of my 401k...about $55k. What will my tax rate be federally and in North Carolina?… read more
Stephanie B.
Stephanie B.
Accountant
Master's Degree
556 satisfied customers
Can I withdraw from my 401K for a first-time home purchase?
Can I withdraw money from my 401k for a first-time home purchase? I am a first-time home buyer. Not a loan, but a withdrawal. How much can I take out? How much will be taxed? What is the penalty or fe… read more
Tax.appeal.168
Tax.appeal.168
Principal
5,001 satisfied customers
I am in the process of purchasing a home and would like to
I am in the process of purchasing a home and would like to use some of the money I have sitting in a 401k with my previous employer. My Retirement specialist indicated that the only way I could use th… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
I inherited a 401K plan from my father (79 years old at time
I inherited a 401K plan from my father (79 years old at time of death). Can I roll it into my LLC (owned solely by me)? Will I receive a penalty for early withdrawal, even though I never signed with t… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
Hi Bill, My question is related to early withdrawal fee
Hi Bill, My question is related to early withdrawal fee on my traditional IRA which I rolled over from my 401k per your advice. Based on the exemptions that we discussed earlier, is there a caveat? I … read more
Bill
Bill
Master's Degree
3,132 satisfied customers
When I retired I rolled over my Fidelity 401K from a company
When I retired I rolled over my Fidelity 401K from a company account to a private Fidelity account--never touching the money. At the time I had (approx) $250,000 in pre-tax and $50,000 in post-tax sav… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,908 satisfied customers
I have good one. I am currently consolidating my financial
I have good one. I am currently consolidating my financial resources to fund my new start-up. With the assistance of an attorney, I am rolling an inactive 401K to a new Traditional IRA, which in turn … read more
Bill
Bill
Master's Degree
3,132 satisfied customers
tax advice on 401K,withdrawal for school purposes, rollovers
I left my last place of employment about a couple of weeks ago and have not yet rolled over my 401K. I want to go back to graduate school and have little saved because of the high cost of living where… read more
Bill
Bill
Master's Degree
3,132 satisfied customers
I currently live in the USA - but am British, and plan on retiring
I currently live in the USA - but am British, and plan on retiring to England. I have a 401k about to roll over to an IRA. What are the tax implications - i.e. once I am no longer a US resident & tax … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I want to rollover $10,000 from a 401K to a Roth IRA in 2008.
I want to rollover $10,000 from a 401K to a Roth IRA in 2008. That means that I'll own $1400. in tax (assuming 28% tax bracket). From a completely different taxable investment, I will realize $10,000 … read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,663 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