Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
If I am retired and need to draw from my 401K for purchasing
If I am retired and need to draw from my 401K for purchasing my main home what taxes do I pay on the money borrowed? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
6,449 satisfied customers
How are you? company i left I had 401(k).... i want to move
company i left I had 401(k).... i want to move it in to either solo 401(k) or self directed IRA so i can use some of those monies for trading but I have existing loans, … read more
Barbara
Barbara
Enrolled Agent, Paralegal
6,449 satisfied customers
My company got bought over by another company and because if
My company got bought over by another company and because if that our existing 401k plan got closed. So I was told that I can either roll over to new company plan or go with a IRA. I do have an outsta… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
2,865 satisfied customers
I am in a odd position. I got divorced 2 years ago and got a
Hello, I am in a odd position. I got divorced 2 years ago and got a settlement from the divorce as a lump sum payment- not alimony nor child support. I am self employeed as a massage therapist but for… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,291 satisfied customers
I am still working on a tax clients 2013 tax return and am
I am still working on a tax clients 2013 tax return and am reading up on installment sales. It looks like this qualifies because "the taxpayer received at least one payment after the tax year of the s… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,604 satisfied customers
A taxpayer wants to purchase a residential rental property
A taxpayer wants to purchase a residential rental property using funds from his IRA. Can the IRA own the property? Can an LLC be set up if the property is owned by the IRA?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
13,604 satisfied customers
My husband and I want to buy, rehab, and sell small homes as
My husband and I want to buy, rehab, and sell small homes as a retirement business. We want to set up a 401k for the business. Does a real estate flipping business qualify under IRS rules to have a 40… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,291 satisfied customers
I have accepted a position with a new company that is causing
I have accepted a position with a new company that is causing us to relocate. My wife is still employed at her same position near our old home. She would like to use some of her 401K as a down payment… read more
Bill
Bill
Master's Degree
3,132 satisfied customers
Hi Robin. I was finally able to leave you Positive Feedback
Hi Robin. I was finally able to leave you Positive Feedback the other day. I have a new Question. As you know I purchased a commercial property with my wife through our Separate IRA's. Both are at the… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I rolled over my 401k retirement plan from my preveious employer
I rolled over my 401k retirement plan from my preveious employer into a new 401k plan which is in my own company Mannick Inc through the advise of my accountant and then from an advisor from Merril Ly… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
Please note that this is a question for a specialist (real
Please note that this is a question for a specialist (real estate and retirement accounts). I am banking on your answer so please do not answer this question unless you are an expert in this area. Tha… read more
Bill
Bill
Master's Degree
3,132 satisfied customers
I have a 401k, including a traditional (about $150k) and roth
I have a 401k, including a traditional (about $150k) and roth section(about $50k), from the previous employer. The assets are reported as a lump sum to me by the management company, but they says they… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,291 satisfied customers
In anticipation of purchasing a house as a first time buyer,
In anticipation of purchasing a house as a first time buyer, I withdrew money from both my company sponsored 401K and a self-directed IRA for the downpayment. At the time, the purchase of the house an… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
34,291 satisfied customers
1)I make $300K/year as a physician assistant contractor. I
1)I make $300K/year as a physician assistant contractor. I am currently purchasing a dream home for $400K with a $200K down payment, and mortgage payments are made directly to the seller, who owns the… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,663 satisfied customers
Im looking to take advantage of the mortgage interest deduction
I'm looking to take advantage of the mortgage interest deduction and increase my bi-weekly take home pay. My biweekly gross salary is $4,984; my Total Gross YTD is $86,291.26 and my last pay stub dedu… read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,663 satisfied customers
I know your not supposed to withdraw from your 401K ...
I know your not supposed to withdraw from your 401K account...ever.... but I have been ''swimming" for almost year juggling all bills - credit cards, installment loans and including my mortgage recent… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
i am 39 and disabled through social security due to ...
i am 39 and disabled through social security due to melanoma stage 3 cancer. i am retiring this year and i have 100,000 in a 401k. i want to take it as a withdrawal so i can pay down the house so my h… read more
Bill
Bill
Master's Degree
3,132 satisfied customers
I am selling my home that I have been living in for 3 ...
I am selling my home that I have been living in for 3 months. What are the time frames and percentages you must pay in capital gains tax if you sell prior to 2 years. What is considered profit, i.e. o… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 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