Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
I have a tax question. Can I contribute to my company 401k
I have a tax question. Can I contribute to my company 401k and also to an IRA if I stay within the annual contribution limits? And can I deduct the IRA contribution?… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,746 satisfied customers
I made a contribution to my IRA in 2018 can I deduct it on
I made a contribution to my IRA in 2018 can I deduct it on my taxs … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
16,673 satisfied customers
Does your tax advisor has CPA? These people has CPA license?
it is about 401k withdrawal and associate penalties tax liability can your people help me to calculate this? … read more
Courtney Davis
Courtney Davis
Master's of Business Administration
2 satisfied customers
I have a client that withdrew $15,000 from her IRA account
I have a client that withdrew $15,000 from her IRA account and repaid and rolled over $8,000 of within 6 months . The 1099-R indicates $15,000 as the distribution and taxable amounts. The brokerage ho… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,746 satisfied customers
My question is regarding IRA withdrawal for someone under
Hi my question is regarding IRA withdrawal for someone under 591/2. If I take the withdrawal. Can I replace it within 60 days to that IRA fund assuming I have not had another rollover in 12 months … read more
Richard
Richard
Tax Attorney
Doctoral Degree
4,937 satisfied customers
We inadvertently put 700 into our Ira's and in using turbo
We inadvertently put 700 into our Ira's and in using turbo tax they told us because of our income we cannot put money into our IRA's. What do we do? … read more
ABC Accounting Group
ABC Accounting Group
Bachelor's Degree
954 satisfied customers
I have $250,000 IRA that include $12500 contributed on after
I have $250,000 IRA that include $12500 contributed on after tax basis, I withdrew $5,000, how much of withdrawal is taxable income… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
7,260 satisfied customers
Hi, I am 56, I withdrew amount from my 401K account in Nov
Hi, I am 56, I withdrew amount from my 401K account in Nov '12. I was planning to deposit back within 4 months. But, I could not. Now, i can deposit all money back in my plan within 1 year of withdraw… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,659 satisfied customers
I contributed $5000 to my ROTH IRA in January of 2011 but after
I contributed $5000 to my ROTH IRA in January of 2011 but after my year-end-bonus, I made too much to qualify for a ROTH. I then withdrew the $5000 in March of 2012. How do I submit this on my tax for… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,746 satisfied customers
I have a roth ira. Last year we had an unexpeceted large capital
I have a roth ira. Last year we had an unexpeceted large capital gain that disallowed contributions for 2010. My wife went to scottrade to put in money for 2011 and they told her that she could also p… read more
RD
RD
Self Employed
Master's Degree
1,129 satisfied customers
Hello, This question is about IRAs and how contribution
Hello, This question is about IRAs and how contribution rules apply. My cousin asked me to help her get started with saving for retirement earlier this year. So, she opened a Roth IRA on April 16 of t… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
40,746 satisfied customers
I am 62. I deposited $5000 in an IRA in February, 2010. Then,
I am 62. I deposited $5000 in an IRA in February, 2010. Then, using TurboTax, I found out that my income was too high to take a deduction for that $5,000. So a week or two after I depsoited it (in Feb… read more
Bill
Bill
Master's Degree
3,157 satisfied customers
I borrowed 10k from my IRA and paid it back, but I was wrong
I 'borrowed' 10k from my IRA and paid it back, but I was wrong about the time period(late by about 10 days) so it was considered a distribution. It needs to be reported. Will I pay another penalty if … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I received 19,000 in Social Security last year. I took 63,000
I received 19,000 in Social Security last year. I took 63,000 from my IRA. I am a widow. How much will I pay in income tax roughly.… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I will receive a large settlement from a Legal battle I had
I will receive a large settlement from a Legal battle I had with my Civil Service employer. It will be divided up into three payments: Dec.09, Mar.10 & july 10 totaling around $70,000 before taxes. I … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I wish to invest in an IRA to reduce my taxes I have to pay.
I wish to invest in an IRA to reduce my taxes I have to pay. My W2 has box 13, retirement plan, checked. My employer contributes profit sharing, 5% of my salary. Can I still contribute to an IRA to re… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My grandparents put in 21536 dollars in a Roth IRA account
My grandparents put in 21536 dollars in a Roth IRA account that was in my name starting in 2002. I withdrew 21500 dollars this spring to pay off some of my student loans and credit card bills i had ac… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My Husband and I are both over 60 and retired. In 2007 we ...
My Husband and I are both over 60 and retired. In 2007 we withdrew $100,000 from our 401 k to buy a house in Tn. I voluntarily paid 10% at the time of withdrawal. We basically live on our pension but … read more
Bill
Bill
Master's Degree
3,157 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