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I have a tax question regarding withdrawal from my 401(k)?
Hello. I have a tax question regarding withdrawal from my 401(k)? … read more
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I accept e a job with a forgivable loan in the clause. I
I accept e a job with a forgivable loan in the clause … read more
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My question is for the current tax year (2018). I took an
HelloMy question is for the current tax year (2018).I took an early retirement from my prior employer and had a 401k account that had outstanding loans. I rolled over the 401k balance to an IRA this y… read more
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Robin D.
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I have a dropshipping business. I am a Non-US resident, and
I have a dropshipping business. I am a Non-US resident, and I don't live in the US. But, I registered LLC in Wyoming on February 14, 2018, for using Stripe and Paypal to accept payments on the website… read more
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I am interested in rolling over my 401K with the federal
i am interested in rolling over my 401K with the federal government of which i was an employee, my TSP account into an account with Vanguard, i want it converted to a Roth IRA, what are the tax implic… read more
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I had health insurance from January-June in 2018. I got a
I had health insurance from January-June in 2018. I got a new job in July and am thinking about not getting health insurance if I won't get fined. Will I get penalized during tax returns in early 2019… read more
LEV
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I am liquidating stocks and will need to pay capital gains
I am liquidating stocks and will need to pay capital gains taxes on about $90,000. I figure around $13,000 in tax. Do I need to file some type of tax form before April 15, 2019? And if So, where can I… read more
emc011075
emc011075
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I took an early distribution from my Principal 401k (age 47)
I took an early distribution from my Principal 401k (age 47) after being terminated from my previous employer. Principal withheld the 20% federal tax, and the 'net' was just deposited into my account this morning. 1) 10% Fed penalty for early withdrawal--do I have to pay this in-full immediately, or is this calculated/due when I file my 2018 tax return next spring; 2) I am in Minnesota; Do I have to pay the full state tax immediately, or do I make estimated quarterly payments? … read more
emc011075
emc011075
Tax adviser
Bachelor's Degree
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Tax Question. Texas. It is a federal estimated tax question.
It is a federal estimated tax question. We have an unusually high income year due to withdrawal from our IRAs to pay off our mortgage. We know we have met the safe harbor requirements through a combination of taxes withheld from the withdrawals and withholding from our pensions using the 110% rule of last year's tax because our income is over $150,000. The questions are: 1. Can we skip the rest of the estimated tax payments through the rest of 2018? … read more
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I have two 401-K accounts that require a RMD for 2018, if I
I have two 401-K accounts that require a RMD for 2018 , if I take the 2018 withdrawals before April 15, 2019 ,What year will the RMD be taxed , 2018 or 2019 returns.… read more
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Ho can I pay taxes on babysitting income begun in January of
Ho can I pay taxes on babysitting income begun in January of this year? I'd like to claim the income so that I can apply for a homeowner's loan and have it apply. … read more
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Question re: estimated tax payments and penalty for under
Question re: estimated tax payments and penalty for under withholding:Taxpayer has federal tax liability of $15,000 for 2017 tax year. The $15,000 is what he is expected to pay in 2018, however, he so… read more
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What if I cannot make my June 15 estimated IRS tax payment
Hi Pearl. What if I cannot make my June 15 estimated IRS tax payment (for around $8800) until July 15? Do I pay the IRS on July 15 and wait for them to assess a penalty (to my knowledge, it is a 5% pe… read more
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I just moved to CA Oct. 2017 and started working 1/1/ 2018.
hi, this is Constance. I just moved to CA Oct. 2017 and started working 1/1/ 2018. I am a US citizen. Do I have to pay tax this April/this year? … read more
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My son worked the first quarter and the last 2 years as a
My son worked the first quarter and the last 2 years as a contractor paid via 1099 and he has setup to pay quarterly taxes since he had to pay each year, now he has found a job that will pay him via W… read more
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Non Resident Taxpayer owns an interest in MO partnership.
Non Resident Taxpayer owns an interest in MO partnership. Their share of income in 2017 is a small loss ($500). In 2018 they have a huge income from the sale of the MO property ($400,000+). For 2018 e… read more
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How do i handle foreign income? as far as reporting it,
how do i handle foreign income? as far as reporting it, paying estimated taxes, etc … read more
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Can I reassess my taxes because of the 2018 December 22,
Can I reassess my taxes because of the 2018 December 22, 2017 tax cut go back and refine with the new rate to save money from prior years if I'm in an installment repayment program. With the IRS… read more
emc011075
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