Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
Second opinion] So my Husband's father passed away in Feb.
Second opinion] Hello, So my Husband's father passed away in Feb. of this year. We live in Ga, and his father passed away in Texas and lived there. Since then we have learned my husband is inheriting … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
7,593 satisfied customers
I withdrew a lump sum from my tsp, I was taxed 20% of that
I withdrew a lump sum from my tsp, I was taxed 20% of that money and was given the remainder, I live in Ga. will I have to pay another 20% in state taxes because of my tsp withdrawal. … read more
Rick
Rick
MBA
20,917 satisfied customers
I am 61 years old and taking early retirement from my
I am 61 years old and taking early retirement from my company after 42 years. I am taking my pension in lump sum. What % do I pay in GA state tax? … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
24,361 satisfied customers
Currently I live in FL and work as an independent contractor
Currently I live in FL and work as an independent contractor (I have my own S-Corp) for a locum company as a doctor. I make 305k paid as independent contractor with travel and stay being covered by th… read more
Lev
Lev
44,351 satisfied customers
Is there a way I can stop taxes from being taken from my
is there a way I can stop taxes from being taken from my lump-sum pension, without rolling it over into an IRA or other plan?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
24,114 satisfied customers
I will inherit my parents' home (I have been their caretaker
I will inherit my parents' home (I have been their caretaker for the last ten years). There is a $157,000 outstanding mortgage on this home, and I of course will be required to take over the payments … read more
Lev
Lev
44,351 satisfied customers
recently cashed out pension fund before 59 years old. pension
recently cashed out pension fund before 59 years old. pension fund lump sum amount approximately $44,000.00. employer took out the federal withholding 20% and the california state withholding giving a… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
I turn 65 in a few weeks. I have a small pension ($250/mo.)
I turn 65 in a few weeks. I have a small pension ($250/mo.) due from a former employer. I would like to take a lump sum ($39,000) payment but I am concerned with the tax liability. My only income is f… read more
Stephanie B.
Stephanie B.
Accountant
Master's Degree
556 satisfied customers
Hello... hope you can help. I will be laid off May 4th and
Hello... hope you can help. I will be laid off May 4th and have 120 days to elect retirement benefits. I must elect COBRA and pay towards my health benefits if I choose a monthly retirement payment vs… read more
winktax
winktax
Enrolled Agent
Master's Degree
425 satisfied customers
What is the tax payable on a lump sum? For example Im planing
What is the tax payable on a lump sum? For example I'm planing on retiring after 42 years in the work force and have 12 month's long service leave. Do I take my leave as leave and receive my fortnight… read more
Expert
Expert
I moved from ca. on 1/30/2010 to tn. after living in ca. for
I moved from ca. on 1/30/2010 to tn. after living in ca. for 20 years. I receive a nonqualified retirement income from my company after retiring which is payed over a five year period. I pay federal t… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 satisfied customers
I retired from a company after 35 years of service (took a
I retired from a company after 35 years of service (took a lump sum pension)..my question is ....Is it legal for that company to "re-hire" me (ie are there any state or federal prohibiting re-hire)...… read more
Merlo
Merlo
Tax Consultant
560 satisfied customers
I am US citizen and US resident. In the past I worked in Israel
I am US citizen and US resident. In the past I worked in Israel and accumulated Pension from a private insurance company. I can get it in one of two ways: monthly income or one lump-sum distribution. … read more
Lev
Lev
44,351 satisfied customers
Hello. I was laid off from my job 5 months ago and worked and
Hello. I was laid off from my job 5 months ago and worked and live in the state of New Jersey. I am 31 years old and my company had a pension plan to which they were the "sole contributor." The curren… read more
Lev
Lev
44,351 satisfied customers
If I took my lump sum retirement pension early, what are the
If I took my lump sum retirement pension early, what are the tax percentages that I must pay out for Fed, State, City and Medicare or/and any other taxation to consider?… read more
Merlo
Merlo
Tax Consultant
560 satisfied customers
I live in NJ and am on permanent Disability. I was receiving
I live in NJ and am on permanent Disability. I was receiving two checks. One from SS Disability and one through Cigna from a company named LINA Benefits. I was sent a letter in the beginning by Cigna … read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 satisfied customers
In Delaware, a withdrawl of less than $20,000 from a 401K for
In Delaware, a withdrawl of less than $20,000 from a 401K for higher education purposes is not taxed if you are over 59 1/2 or separated from the company. Would the rule apply since I retired after ag… read more
Lev
Lev
44,351 satisfied customers
Im moving from California to Washington in June 2009. Ive
I'm moving from California to Washington in June 2009. I've been working at Kaiser for about 20 years and am going to start work at a new place in Seattle. Kaiser is giving me my pension, and I'd like… read more
Merlo
Merlo
Tax Consultant
560 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

6,077 satisfied customers

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

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

877 satisfied customers

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

Loren

Loren

Attorney

795 satisfied customers

Over 25 years practicing law

Robin D.

Robin D.

Senior Tax Advisor 4

24,361 satisfied customers

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

Megan C

Megan C

Certified Public Accountant (CPA)

8,667 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

< 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