Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
I have a client who recieved a 1099-r rollover distribution
I have a client who recieved a 1099-r rollover distribution from his Union. It shows on his 1099-r as a rollover and is not taxable. The funds were supposed to go to another bank IRA. My client did so… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I have an IRA early withdrawal. Tax ACT is showing a very
I have an IRA early withdrawal. Tax ACT is showing a very large amount of tax owed, as if the entire withdrawal is income. ONly about half is net income. The IRA money is from a real estate LLC. I hav… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,813 satisfied customers
I am a 68 year old divorced woman. I owe $1900 in federal
I am a 68 year old divorced woman. I owe $1900 in federal taxes (will receive $790 back in State of OH taxes). I took out money from my IRA in June 2017 for home improvement project that was postponed… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,813 satisfied customers
In 2017, I rolled over an employee based 401K and Savings
In 2017, I rolled over an employee based 401K and Savings account to an IRA and a Roth IRA. Some info about the original investments: the 401K was all pre-tax investments, including company matching %… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
2,865 satisfied customers
If I roll a 401 know retirement to a ira and didn't pay
If I roll a 401 know retirement to a ira and didn't pay taxes then withdrew from ira and paid taxes and penalties for early withdrawal am I penalizied … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
My wife passed away in July 2015. She had an IRA account and
My wife passed away in July 2015. She had an IRA account and had not taken the RMD for 2015. I was on her account as beneficiary and took all the required steps to have the account transferred to my n… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,813 satisfied customers
Taxpayer bought house in 2011 to flip, never did, spent
Taxpayer bought house in 2011 to flip, never did, spent money to fix it up, never rented, finally sold in 2014. In 2014 taxpayer bought a new personal residence that was partially purchased with the p… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,813 satisfied customers
I took a distribution form an IRA in 2014 and used the money
I took a distribution form an IRA in 2014 and used the money to make up part of a down payment on a new house. Now I want to put that money back into my IRA account rather than have to count it as tax… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,813 satisfied customers
Ed when I rolled over my 401K from my previous employer
Hi Ed when I rolled over my 401K from my previous employer to my current employer I was advised that it had $17,483 of Post 1986 after tax contribbtions needed to be rolled into a Roll IRA. I did this… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,813 satisfied customers
Do you have to report inheritance/death benefit on IRA account
Do you have to report inheritance/death benefit on IRA account from father as income on tax form?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I just finished my taxes on taxact.com and it shows i owe $7500
I just finished my taxes on taxact.com and it shows i owe $7500 for federal. I think i am entering a roth distribution wrong. It shows up as taxable income. The roth was converted from a 401k back in … read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
I have just received a distribution from a Qualified Settlement
I have just received a distribution from a 'Qualified Settlement Fund' in respect of a class action suit for unlawful market timing and late trading by mutual funds I held in a 401K / IRA rollover acc… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,813 satisfied customers
I had early distribution ($10,000) of a roth IRA last year.
I had early distribution ($10,000) of a roth IRA last year. For PA-40 (pa state indiviudal tax return), tax program shows gross distribution, basis, PA taxable. In my case, would you let me know what … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
27,813 satisfied customers
My questions concern federal tax law. Can the IRS tax me twice
My questions concern federal tax law. Can the IRS tax me twice on the same IRA funds? I had funds in a limited libility self directed IRA bank account to invest in real estate. The funds were administ… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,197 satisfied customers
Greetings, I received a 1099-R in 2008 for an early IRA
Greetings, I received a 1099-R in 2008 for an early IRA distribution that was rolled over into another tax deferred account within 60 days in the same year. How do I report the rollover? It is not inc… read more
BK-CPA
BK-CPA
Bachelor's Degree
919 satisfied customers
My wife sold her stock portfolio and cashed in her IRA She
My wife sold her stock portfolio and cashed in her IRA She had every intention of putting the money back into a retirement plan Her financial advisor put together a 100,000 flex plan and my wife wrote… read more
BK-CPA
BK-CPA
Bachelor's Degree
919 satisfied customers
ARE ANNUITY EARLY WITHDRAWAL PENALTIES IMPOSED BY INSURANCE
ARE ANNUITY EARLY WITHDRAWAL PENALTIES IMPOSED BY INSURANCE COMPANIES TAX DEDUCTIBLE? THE ANNUITY IS AN IRA ROLLOVER AND THE RECIPIENT IS OVER THE AGE OF 59 1/2. THE PENALTY IS BASED ON THE LENGTH OF … read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
In the end of March 2005 I closed my IRA account from my ...
In the end of March 2005 I closed my IRA account from my credit union. Within a week, I redeposited the same amount in a Fidelity mutual fund as a roll over contribution. I received a 1099R from my cr… read more
WebTaxMan
WebTaxMan
Tax Accountant
Bachelor's Degree
576 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