Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
Employer wants to add benefit: contribution to employee's
employer wants to add benefit: contribution to employee's Roth IRA. For income tax purposes, does it matter to employee whether they cut a check to employee vs. report it as a payroll deduction?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I have changed jobs and had a 401-K in my first job and
I have changed jobs and had a 401-K in my first job and contributed $6,665 during the first 4 months of the year. I recently obtained a new job which does not YET allow me to contribute to a 401-K ...… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 satisfied customers
My husband and I retired. He is 64 collecting pension and
Hello, my husband and I retired. He is 64 collecting pension and Social Security earning about $80,000 per yr. I am 60 not working no retirement income. We own a home but are considering selling it. T… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I have a 401k account with approx 31,000 in it, my employer
I have a 401k account with approx 31,000 in it, my employer sold the business and I am now currently unemployed. I am wanting to attend school and use the money for that. I know that I will be penaliz… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I am currently unemployed lost my job last month when my company
I am currently unemployed lost my job last month when my company sold. I have an IRA account if unemployed can I withdraw money from that account without significant tax penalty ? When I get a job lat… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I am trying to figure out what I am going to do regarding my
I am trying to figure out what I am going to do regarding my taxes in 2012. I have been unemployed for 4 months now and getting around 1800 per month in unemployment benefits. I am planning to take 16… read more
Bill
Bill
Master's Degree
2,278 satisfied customers
I am 65 divorced and have a 401 K thru ex husbands company. I
I am 65 divorced and have a 401 K thru ex husbands company. I would like to either close this acct or take a good amt out of acct and leave a sm amt in what r my options thanks… read more
Charles Greiner
Charles Greiner
Owner
Bachelor's Degree
2,436 satisfied customers
With respect to 401(k)s from previous employers, what are the
With respect to 401(k)s from previous employers, what are the pro's and con's of (i) leaving them where they are, (ii) moving them to current employer's 401(k) plan, (iii) moving them to a Roth IRA pl… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I am being offered a severance package in the amount of $195,000.00.
I am being offered a severance package in the amount of $195,000.00. Should I try and defer the amount to next year? Next year my wife and I's income will be $114,000.00 compared to this year's of $16… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I have made 401K contribution for 2009 so far of the year of
I have made 401K contribution for 2009 so far of the year of about 15,000$ and now I have opened another SEP IRA account with 4800$ and Roth IRA with 4500$. 1. Am I crossing the contribution limits fo… read more
Bill
Bill
Master's Degree
2,278 satisfied customers
I have a 40-hour-a-week job as an employee, and I also work
I have a 40-hour-a-week job as an employee, and I also work a second job as an independent contractor. I'm not paying quarterly estimated taxes but rather will pay a lump sum when I file taxes. I am s… read more
Bill
Bill
Master's Degree
2,278 satisfied customers
If our AGI is over 150,000, what can we contribute for a roth
If our AGI is over 150,000, what can we contribute for a roth IRA. We are just over that and it seems we cannot save anything for retirement.… read more
Bill
Bill
Master's Degree
2,278 satisfied customers
Annuity pension payment from a prior employer begins August
Annuity pension payment from a prior employer begins August 2009. Still working full time and have an active 401k at current employment funding at the 10% level, and have two IRA accounts rolled over … read more
Bill
Bill
Master's Degree
2,278 satisfied customers
Last year my husband and I had an AGI of $97,861. Out of each
Last year my husband and I had an AGI of $97,861. Out of each of my biweekly checks I had $38 additional Federal taxes deducted and $11 additional IN State taxes deducted. We owed $482 for Federal and… read more
Bill
Bill
Master's Degree
2,278 satisfied customers
Im 65, on Social Security, have about $90,000 in 401K savings,
I'm 65, on Social Security, have about $90,000 in 401K savings, and am thinking about taking about $60,000 of that money out to buy a house which would be my primary residence. My investment guy can't… read more
Bill
Bill
Master's Degree
2,278 satisfied customers
My Husband and I are both over 60 and retired. In 2007 we ...
My Husband and I are both over 60 and retired. In 2007 we withdrew $100,000 from our 401 k to buy a house in Tn. I voluntarily paid 10% at the time of withdrawal. We basically live on our pension but … read more
Bill
Bill
Master's Degree
2,278 satisfied customers
Hello, I contributed 4k to my IRA in the beginning of
Hello, I contributed 4k to my IRA in the beginning of this year. Later on my company offered 401k and i started contributing. What is the situation with my IRA for 2007 tax filing? Some one suggested … read more
Bill
Bill
Master's Degree
2,278 satisfied customers
Combining contributions to multiple retirement plans
This is actually a very similar question to another question here http://www.justanswer.com/JA/ASP_A/T_835866/TR/solo-401k.htm Hopefully, I'm just double-checking my understanding of the tax implicati… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 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