Tax

Have a tax question? Ask a tax Expert

Connect one-on-one with {0} who will answer your question

Related Tax Questions
I'm asking for waiver for an IRA MRD that I took after the
I'm asking for waiver for an IRA MRD that I took after the first of the year. … read more
Tax.appeal.168
Tax.appeal.168
Principal
6,381 satisfied customers
Form 5329. My plan administrator did not follow through on
Form 5329. My plan administrator did not follow through on my RMD for 2018. What do I do … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
39,718 satisfied customers
I called to find out where my 1099R was and was told I
I called to find out where my 1099R was and was told I forgot to draw it out. I usually file efile with TurboTax. Do I still file with them and send a paper with penalty to IRS … read more
Rick
Rick
MBA
670 satisfied customers
I turned 76 in November of 2018. I have never taken the RMD
I turned 76 in November of 2018. I have never taken the RMD from my variable annuity IRA. I was under the impression that my systematic withdrawal amounts satisfied the requirement. Now I'm worried th… read more
Tax.appeal.168
Tax.appeal.168
Principal
6,381 satisfied customers
I haven't been taking the minimum it's distribution from a
I haven't been taking the minimum it's distribution amt from a state retirement plan required at 71. I am 74 now. How much do I need to take out now to catch up? … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,123 satisfied customers
Lane, I have a client who has not taken the correct RMD
For Lane,Hi Lane,I have a client who has not taken the correct RMD since 2014. He is planning on making a catch up RMD distribution in 2018 for the amounts missed plus 2018. I am going to provide an e… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,166 satisfied customers
My husband forgot to take his RMD from his IRA this year.
My husband forgot to take his RMD from his IRA this year. What do we need to do to correct the error? Thanks … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
I forgot to take my RMD for 2017. Can I take it now and
Can I take it now and write a letter of forgiveness to the IRA? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
Beneficiary IRA - A person inherited an IRA and the year
Beneficiary IRA -A person inherited an IRA and the year they inherited it (2001), it was set up over the expected lifetime of the beneficiary (34.2 years). The IRA was paying out its RMD for several y… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,166 satisfied customers
What are the penalties making the minimum withdrawls from a
What are the penalties for not making the minimum withdrawls from a 401k and if it has gone on for 10 plus years what is the best remedy?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,166 satisfied customers
2/31/2014 my IRAs valued 663541. 2015 I withdrew 30,500
2/31/2014 my IRAs valued 663541. 2015 I withdrew 30,500 Using Table II (my wife and beneficiary is 12 years younger) my Required Minimum Distribution should have been 33177. I could have withdrawn tha… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,166 satisfied customers
I received a RMD late (in 2015) on an inherited IRA when I
I received a RMD late (in 2015) on an inherited IRA when I should have taken it in 2014. But I didn't have access to the account until 2015, so I have a good excuse for the IRS to waive the 50% penalt… read more
Anne
Anne
Master Tax Preparer
2,454 satisfied customers
Last year we made pretty much nothing in income because I was
Last year we made pretty much nothing in income because I was ill. We owe taxes for years 2009, 10, 11 and 2014. About 54,000.00. If we are under the 50,000.00 marker we can just make a payment plan. … read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
39,718 satisfied customers
Inherited Roth IRA from father. Date of death 11/20/2009. Transfer
Inherited Roth IRA from father. Date of death 11/20/2009. Transfer date 3/22/2010. Never withdrew funds now looking at the 5 year 50% penalty rule. Deadline was 12/31/14. How do I remedy this situatio… read more
CFEPro789
CFEPro789
Fraud Analyst
Master's Degree
369 satisfied customers
My mother should have made a required minimum distribution
My mother should have made a required minimum distribution form her IRA by March 31, 2012. She was born in January of 1941. Her RMD should have been $350. She neglected to do it. It is too late to tak… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
39,718 satisfied customers
I am 73, so I must withdraw each year from my annuity. When
I am 73, so I must withdraw each year from my annuity. When I requested the required minimum deduction from Hartford Insurance in 2010, I also signed up for an automatic withdrawal of the required ded… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
39,718 satisfied customers
I was 70 1/2 in Feb 2009. We E-filed using TurboTax in 2009
I was 70 1/2 in Feb 2009. We E-filed using TurboTax in 2009 & 2010 but forgot to take the RMD for two IRAs. I have taken the RMD For those IRAs in 2011 but since the distributions were taken in 2011 s… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
39,718 satisfied customers
When The Reserve Money Market fund broke the buck in 2008,
When The Reserve Money Market fund "broke the buck" in 2008, a separate Reserve fund also failed (RPYQX--not a money market fund). RPYQX is currently in liquidation, being administered by a financial … read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 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

4,937 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

261 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

17,888 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,659 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