Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
Someone has code 1 for a 401K distribution but they are
Roger,Someone has code 1 for a 401K distribution but they are telling me they are exempt from the penalty because they are “paying a loan back” and bought a first home( which 401k doesn't qualify for … read more
taxmanrog
taxmanrog
Master's Degree
1,803 satisfied customers
Barb! My mom turned 61 years old last November 2018.. She
Hello Barb!My mom turned 61 years old last November 2018.. She withdrew money from her employer sponsored IRA to help pay her bills (she lost her job). Am I correct in thinking that her withdrawal is … read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,685 satisfied customers
IRS auditing my 2016 return I filed in TurboTax and TT did
IRS auditing my 2016 return I filed in TurboTax and TT did not include her pension plan early withdrawal due to permanent disabliity? why doesn;t TT do it automatically when you input the dta on a 109… read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,685 satisfied customers
Regarding 60 day rollovers to Sep IRA...let's say I withdraw
Regarding 60 day rollovers to Sep IRA...let's say I withdraw $20,000 on June 1, 2018 and on July 28th, 2018 I put $15,000 back into the same account (ie: rolled over within 60 days) the custodian woul… read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
1,029 satisfied customers
After retirement as of 12/31/16, I rolled over my 401k to a
After retirement as of 12/31/16, I rolled over my 401k to a retirement account IRA, and took the required minimum distribution. I now have a 1099-R for the entire amount in the 401k, as well as the di… read more
Tax.appeal.168
Tax.appeal.168
Principal
6,585 satisfied customers
When I retired from the Commonwealth of Pa. I took my
When I retired from the Commonwealth of Pa. I took my contributions from my pension and rolled them into my Roth Account. The Commonwealth sent me two 1099R's. On for a reduced amount (minus the Feder… read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,685 satisfied customers
In CY2013 I took an early withdrawal from my Etrade
Hello! In CY2013 I took an early withdrawal from my Etrade IRA ($9,600) - During that same year I moved all of that money to a Fidelity 401K Retirement Account where I had a loan - Do I owe taxes and … read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
1,663 satisfied customers
My husband died while on active duty with the Air Force. My
My husband died while on active duty with the Air Force. My two children receive a DFAS benefit reported on a 1099-R with a distribution code of 7. The tax law apparently changed a couple years ago an… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
I and my spouse are over the age of 70.5 yrs old. I received
I and my spouse are over the age of 70.5 yrs old. I received a 1099-R with a Distribution Code 1D. This 1099-R is under a family trust using the taxpayer's social security number. Do I qualify for an … read more
R. Klein, EA
R. Klein, EA
Tax Advisor
Master's Degree
2,693 satisfied customers
I took a loan against my 401K in January of 2006 to buy a home,
I took a loan against my 401K in January of 2006 to buy a home, I quit my job in October of 2013, but was unable to continue to pay for the loan beacuse the job I took was for a stubstantion less mone… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,260 satisfied customers
My mother past away in 2011...She was an employee of the Federal
My mother past away in 2011...She was an employee of the Federal Govt, until she retired in 1999...She also received a pension/annunity from my father who was a US Probation Officer until he died in 1… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,260 satisfied customers
i am permanently disabled 60 years old .i cashed out my ira
i am permanently disabled 60 years old .i cashed out my ira to pay off house.do i have to pay income taxes on that… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
Just received a notice from IRS stated that I owe from retirement
Just received a notice from IRS stated that I owe from retirement income taxable with the distribution code: 1 from NYC system pension trust. I resigned from my teaching position from NYC school syste… read more
JKCPA
JKCPA
Certified Public Accountant (CPA)
Bachelor's Degree
1,796 satisfied customers
I was the beneficiary to my fathers pension plan. He was 64
I was the beneficiary to my fathers pension plan. He was 64 and I am 40. I took the pension plan in a lump sum payout. Do I have to pay the 10% penalty tax for early withdrawal or is that waved becaus… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,921 satisfied customers
I took a very early retirement incentive program at the end
I took a very early retirement incentive program at the end of June 2009. It consists of three pieces: a pension, a special "bridge" payment until I reach 62 and can collect early SS, and a year's com… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
I am a retired police officer who received a disability retirement
I am a retired police officer who received a disability retirement which is not taxed. I recieve a 1099 R and was advised by the IRS that I owe taxes on this money. Is disability retirement taxed for … read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I am 55 years old, I got a Form 1099-R from TX ...
I am 55 years old, I got a Form 1099-R from TX Municipal Retirement System. They already withhold $12K on federal taxes, but the dist. code is 2 and this makes all pension accumulate to other income, … read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 satisfied customers
I made a withdrawal from a retirement annuity (TIAA CREF) ...
I made a withdrawal from a retirement annuity (TIAA CREF) to make a downpayment on a principal residence. Is the full amount of the withdrawal taxable?… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 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