Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
My mother recently passed and my two sisters and I are her
Hello. My mother recently passed and my two sisters and I are her beneficiaries. She has three IRAs, two qualified and one non-qualified. What is the best way to receive these funds? Roll them … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
2,720 satisfied customers
I am inheriting @ $40000 IRA. I've already taken the 2017
I am inheriting @ $40000 IRA. I've already taken the 2017 distribution and had state and fed taxes taken out of that. Now, the rest of the IRA will be coming soon. How much income tax will I owe for t… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Having difficulty in getting exact titling of my IRA/BDA at
Having difficulty in getting exact titling of my IRA/BDA at my new brokerage. First Statement received shows account holders name as the deceased and only refers to the beneficiary at a c/o.… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
My elderly mother put her remaining cash (approx. $150K) in
My elderly mother put her remaining cash (approx. $150K) in an IRA prior to her passing. I was named as the beneficiary. This was intended to be an inheritance. When she passed and all pertinent docum… read more
abci168
abci168
Principal
27 satisfied customers
I have been disabled, unable to work for over 10 years. I
I have been disabled, unable to work for over 10 years. I am 66 and live in Texas. I just recently was notified that my deceased friend left me money that was in his IRA in a bank. Is there a particul… read more
abci168
abci168
Principal
27 satisfied customers
I am 72 years old and I am required to take my RMD from my
I am 72 years old and I am required to take my RMD from my IRA. I have an IRA worth $45,000 with PNC. I also own stock in wells fargo worth $75,000. Can I rollover met IRA to an annuity and transfer m… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I and my mother live in WA state. My mother wants to gift me
I and my mother live in WA state. My mother wants to gift me 1/2 of her house right now, or else just put my name on the deed with hers, whichever is legal with the least tax implications. There is no… read more
Anne
Anne
Master Tax Preparer
1,328 satisfied customers
I have a client who recently inherited a traditional IRA from
I have a client who recently inherited a traditional IRA from her father. She is one of 5 siblings. She is in the middle, age-wise, at age 54. She received a check from the trustee for the total amoun… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
can i transfer the ira of a deceased individual from one trustee
can i transfer the ira of a deceased individual from one trustee to another trustee where rhe deceased also has an ira? If so, who is authorized to instruct the trustee to make the transfer? The benef… read more
Bill
Bill
Master's Degree
2,278 satisfied customers
I lost my husband July 2009. I had to sell shares of stock
I lost my husband July 2009. I had to sell shares of stock to cover a margin call on my now deceased husband's brokerage account to the tune of $33K. Upon his passing, I lost his monthly income in the… read more
TaxMomNJ
TaxMomNJ
Tax Advisor
Associate Degree
242 satisfied customers
Do I have to pay income taxes on the total amount of distributions
Do I have to pay income taxes on the total amount of distributions from an inherited IRA (fbo my name), even though out of those distributions, many debts (such as mortgage, medical bills, funeral exp… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My wife was acting as Power of attorney for her mother who
My wife was acting as Power of attorney for her mother who is in a nursing home. All of her mother's assets have been used up in paying for her care, including $50,000 which was withdrawn from an IRA … read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,165 satisfied customers
I own a condo for 25 years with my wife and sister. They recently
I own a condo for 25 years with my wife and sister. They recently both passed away. We have always rented the condo and written off the depreciation. I look into selling it before the passed and would… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
my mother who is 71 yrs old wants to know when she is deceased,hows
my mother who is 71 yrs old wants to know when she is deceased,how's the inheritance of her pre-tax 401-k handled? Please respond [email protected]… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I am a recent widow, and was wondering if I am ...
I am a recent widow, and was wondering if I am responsible for a debt that my decesed spouse had incurred with out my knowledge… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
My Dad died, I recieved aproximately 110,000 from an IRA ...
My Dad died, I recieved aproximately 110,000 from an IRA with this I I used the money for down payment on a house, paid off debt to help me get in the house. I have 25,000 left now I do not know how t… read more
Guru_Guy
Guru_Guy
Doctoral Degree
1,634 satisfied customers
I want to leave my IRA and 401K plans to my domestic ...
I want to leave my IRA and 401K plans to my domestic partner, a non related individual, upon my death. I could adopt him, but we would prefer not to use that option. Who, other than siblings, spouses,… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
An inherited IRA (not from a spouse) cannot be rolled over.
An inherited IRA (not from a spouse) cannot be rolled over. Can a non taxable distribution be made to a spouse under a divorce settlement agreement? If not and yet there is such a distribution, what i… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 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