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IRS Tax Question: If I contribute money into my traditional
IRS Tax Question: If I contribute money into my traditional IRA in 2017, how long do I have to take it out? Is it October 2018? I already filed my tax return. Is there any penalty for leaving it in? W… read more
Lane
Lane
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Question about tax in early 401K withdrawal. Not a US
not a US citizen nor PR, left the country in 2016, withdrew in 2017 … read more
Barbara
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I had about 87,000 $ is a money market/IRA account which i
i had about 87,000 $ is a money market/IRA account which i opened using money that i earned from regular salaries and it had been taxed before, will i have to pay extra taxes on it again if i withdraw… read more
Robin D.
Robin D.
Senior Tax Advisor 4
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Due to losing my job in January 2017, I had to take some
Due to losing my job in January 2017, I had to take some early IRA distributions as I had no income. Is there any way I can get an exception for paying tax penalty on any of that money? … read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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I was told that withdrawing from a traditional IRA after age
I was told that withdrawing from a traditional IRA after age 59.5 would not result in any penalties. It would not be rolled into anything else, just withdrawn for personal use. However, I am wondering… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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I want to leave my investments to my kids in a will (or
I want to leave my investments to my kids in a will (or something?). Money in a savings account, IRA and money market. How do I do this with the least amount of tax penalty?… read more
Barbara
Barbara
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I need to withdraw 5000 dollars from my Roth IRA. What are
Hi, I need to withdraw 5000 dollars from my Roth IRA. What are the penalties. I'm 52 … read more
Barbara
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I was recently divorced after 40 yrs. of marriage and was
I was recently divorced after 40 yrs. of marriage and was granted half of my Ex's retirement, Fidelity is telling me that I have to open an IRA with the money that the judge ordered my Ex to pay out o… read more
Stephen G.
Stephen G.
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Hi, I converted an IRA ($90,000) into a Roth in 2010. I chose
Hi, I converted an IRA ($90,000) into a Roth in 2010. I chose to split my tax payments, thus I just paid the tax (2011 tax) on the first half ($45,000). Next year (tax year 2012) the second half (rema… read more
Bill
Bill
Master's Degree
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I started a 72t withdrawal program 4 years ago from my IRA
I started a 72t withdrawal program 4 years ago from my IRA account. Since then I have been receiving equal monthly payments. I've also called several times and asked for additional money from the same… read more
Tax.appeal.168
Tax.appeal.168
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For LEV only please Two questions 1. I have contributed
For LEV only please Two questions 1. I have contributed to a SEP IRA for the last year (starting last april). I have not claimed that yet (I simply had my bank pull out $200/mo). I want to pull that m… read more
Lev
Lev
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Bachelor's Degree Equivalent
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My wife and I opened Traditional IRA accounts with $2000 each
My wife and I opened Traditional IRA accounts with $2000 each in 2002 and invested this money into stocks. Now, my account value has increased to $2500, and my wife's account has decreased to $1700. N… read more
Bill
Bill
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I want to put my $20,000 IRA into my money market savings account
I want to put my $20,000 IRA into my money market savings account so I have access to it. Will I pay tax on this and how much?… read more
Wendy Reed
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if i take 1.4 million out of my keough how much tax would i
if i take 1.4 million out of my keough how much tax would i owe. i know it's strongly advised not to do so (i'm 58 1/2) but i'm very concerned about tax changes next year and the year after as well as… read more
Bill
Bill
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I am just under 40 years old. I have $50,000 in my employer
I am just under 40 years old. I have $50,000 in my employer sponsored 401k account. I may be leaving this employer later this year. I am considering cashing-in the balance and paying off my very heavy… read more
Bill
Bill
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Retirement plan rollover to IRA, can I draw it out without
Retirement plan rollover to IRA, can I draw it out without paying 20% tax. I am disabled and want to include the "capital gain" in My Tax return. I have a limited lifespan due to serious illness, no h… read more
Marvin,EA
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If someone aged 55 and one-half cashes in her $50,000 annuity,
If someone aged 55 and one-half cashes in her $50,000 annuity, 20% a year, starting in 2008, and continues to do so until that person is age 59 and one-half, does she have to pay just taxes, but no pe… read more
Merlo
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When I withdraw some funds from my Gold Shares account, how ...
When I withdraw some funds from my Gold Shares account, how much should I set aside for taxes if, say, I withdraw $1,000? How much in taxes should I set aside?… read more
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