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I am trying to move about $125k from a traditional IRA that
I am trying to move about $125k from a traditional IRA that is 100% deductible/post tax to a 401k. The plan was to then make a $5,500 non-deductible (after tax) contribution to a Traditional IRA, and … read more
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If you have a roth 401K at work and maximize that out, are
If you have a roth 401K at work and maximize that out, are you also allowed to contribute $5,500 to a non deductible IRA if you want?… read more
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If a person hasn't contributed Roth IRA (or any other plan) in the past few years, although he had employment income, could he still be able to use these accumulated room to contribute? If so, would t… read more
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2016 retirement contributions Husband gross W-2 $190k,
2016 retirement contributions Husband gross W-2 $190k, covered by 403b Wife $10k net from schedule C; no W-2 What are our options for contributions? IRA SEP Can we choose Roth or not for each/either? … read more
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Do you have to have earned income of 5,500 to make the
Do you have to have earned income of 5,500 to make the maximum contribution to a Roth IRA if under age 50?… read more
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I am trying to lower my 2015 federal taxes due through
I am trying to lower my 2015 federal taxes due through opening an IRA. How much IRA money do I need to contribute for it to actually help me with my tax bill? What is the deadline for an IRA CONTRIBUT… read more
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NON-DEDUCTIBLE IRA: HUSBAND AND WIFE, BOTH AGE 40, FILE A
NON-DEDUCTIBLE IRA: HUSBAND AND WIFE, BOTH AGE 40, FILE A JOINT RETURN. HUSBAND PARTICIPATES IN HIS EMPLOYER ROTH 401K AND WIFE PARTICIPATES IN HER EMPLOYER 401K. YEAR 2015 AGI = $250,000. PLENTY OF E… read more
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My employer offers 3 types of retirement accounts: employee
Good morning, My employer offers 3 types of retirement accounts: employee pre-tax 401k, roth 401k and post-86 after tax. In addition, I have a personal roth IRA at td ameritrade. I'd like to take adva… read more
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I purchased Apple stocks several years ago and my cost was
I purchased Apple stocks several years ago and my cost was 1,745.93. Since then the stock as split and the company has started to pay dividends. It works out to $16.891 a share as cost basis. I am con… read more
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I purchased Apple stocks several years ago and my cost was
I purchased Apple stocks several years ago and my cost was 1,745.93. Since then the stock as split and the company has started to pay dividends. It works out to $16.891 a share as cost basis. I am con… read more
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A taxpayer has income earned in the UAE & paid in dirhams.
A taxpayer has income earned in the UAE & paid in dirhams. It total 45,000 in US dollars after conversion. The entire amount is offset by the foreign income exclusion & she owes no tax. She would like… read more
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hi if a person has a 401K at work can you still fund your
hi if a person has a 401K at work can you still fund your own roth with an online brokerage acct. can you do a tax deductible and an after tax the same year… read more
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My wife and I filing jointly, have a modified AGI of $122,495
My wife and I filing jointly, have a modified AGI of $122,495 (including taxable SS $) and am trying to figure out if I can contribute to an IRA for my wife. I have a simple IRA at work. She began rec… read more
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my wife has a retirement account at work. Im a union member
my wife has a retirement account at work. I'm a union member and my retirement has always been paid as part of our contract and not shown as a deduction from my wages. Can I open a traditiona IRA and … read more
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my wife and i both have 401 ks and we have a roth IRA, we are
my wife and i both have 401 ks and we have a roth IRA, we are over 50. What is the max we can contribute to our 401 k's and the roth IRA or to regular IRA and still deduct the amount we put in? I woul… read more
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We are a married couple in Texas filing jointly, and we are
We are a married couple in Texas filing jointly, and we are both over 55. I have a 401K plan where I am working which I have some money in, but I am not contributing to the plan at this time. I do not… read more
Lev
Lev
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My wife and I are married and Filing Jointly we have incomes
My wife and I are married and Filing Jointly we have incomes of 32000 and 34000 with an aditional income of 45000 of investment income. I dont have a company IRA plan and my wifes company does have a … read more
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I e-filed my 06 return and IRS discovered an error 0f ...
I e-filed my 06 return and IRS discovered an error 0f $4500.00 in under reported income resulting in me owing $1000 in additional taxes. Can i amend my return and reduce the amount owed by contributin… read more
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