Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
I have IRA related tax question. I am in california. It is
I have IRA related tax question. I am in california … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
2,865 satisfied customers
I just rolled over from a Profit Sharing to an IRA with the
Hi, I just rolled over from a Profit Sharing to an IRA with the same investment firm (Schwab) from a previous employer. I need to make a withdrawal of $12,000 (after taxes) and would like to know how … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,813 satisfied customers
If you have a traditional IRA and are withdrawing less than
If you have a traditional IRA and are withdrawing less than the amount you originally put in, and you only have an earned income of 7K (no other income from assets, just soc sec) Then do you have to p… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
my wife is dying with ALS and she has 12000 dollars in an IRA.
my wife is dying with ALS and she has 12000 dollars in an IRA. If I take it all out now which would total 17000 for this year would I pay capital Gains or any other penalties on all or any portion of … read more
Tax.appeal.168
Tax.appeal.168
Tax Accountant
5,302 satisfied customers
I live in California and I am on disability / SSDI income -(28K
I live in California and I am on disability / SSDI income -(28K annual) - last year I paid no taxes and obviously had no deductions. I am considering purchasing a solar electric system for my house an… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,663 satisfied customers
Im considering the purchase of an existing business. I would
I'm considering the purchase of an existing business. I would like to use the funds from my 401k. I'm 55 years old. I understand the consequences but I recently read an article about transferring fund… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,099 satisfied customers
Im a 52 yo single male -permanently disabled, residing in
I'm a 52 yo single male -permanently disabled, residing in the state of California. I want to withdraw my Simple IRA in full. I don't file State or Federal income tax. I'm assuming my tax bracket is z… read more
Tax.appeal.168
Tax.appeal.168
Tax Accountant
5,302 satisfied customers
I have a $103,000 IRA on a CD that matures Jan. 2012. I am
I have a $103,000 IRA on a CD that matures Jan. 2012. I am 73 years old and would like to close the IRA and invest the money in a $100,000 life insurance. How much would I have to pay in taxes if I wi… read more
Bill
Bill
Master's Degree
3,132 satisfied customers
I have to withdrawal money out of my retirement account. How
I have to withdrawal money out of my retirement account. How much tax should I have withdrawn?… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
During my last job, I opened a Simple IRA account. Currently,
During my last job, I opened a Simple IRA account. Currently, I have been unemployed for 9 months and I am going back to school in August. I would like to withdraw money from my Simple IRA but it woul… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Hi, quick question. Im considering taking an early partial
Hi, quick question. I'm considering taking an early partial disbursement on my 401k in order to resolve some credit card debt. Married, joint income of 155K, live in CA, was considering withdrawing ap… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,813 satisfied customers
I lost my income and must have money to pay mortgage, etc.
I lost my income and must have money to pay mortgage, etc. until I secure a new position. My savings are gone. I need to use money from my IRA. I'm not 59. Do they waive penalties (not the taxes) in c… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
What is the income tax implication of liquidating funds out
What is the income tax implication of liquidating funds out of my IRA early in order to put a 20% down payment on a new home (I am not a first time home buyer)? I am 39 years old.… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Hi. My question is if you have been unemployed for the course
Hi. My question is if you have been unemployed for the course of the year. You have'nt earned any income but have paid your mrtg. payment( Interest) spent dowm part of your IRA paying the taxes on the… read more
Bill
Bill
Master's Degree
3,132 satisfied customers
Resident of CA currently. Will move to NH and become ...
Resident of CA currently. Will move to NH and become resident of NH Sept 1st. If i do an early withdrawal of money from IRA before Sept 1st much tax would i have to pay what about if i made an early w… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I currently have a conventional IRA worth about ...
I currently have a conventional IRA worth about $850.000.00 (give or take, the stock market like it is)...my wife and I have separated and she wants her half of the IRA. She also wants me to pay the t… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,663 satisfied customers
i am currently in the process of trying to get disability.
i am currently in the process of trying to get disability. i have a IRA that i want to withdraw to pay for medical bills . how is the best way, to borrow or withdraw. i am 53 years old.… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,197 satisfied customers
I need to withdraw $6000.00 from IRA. Can you tell me how ...
I need to withdraw $6000.00 from IRA. Can you tell me how much I need to withhold for Federal Tax?… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 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