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I received form1099-R from YMCA retirement fund from my
I received form1099-R from YMCA retirement fund from my companion I was the main beneficiary. Total was 11,002.97 they took out federal taxes 2,200.59 but, I am age 65 and thought the amount was not t… read more
Lev
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The state closed out a retirement fund because we did not
The state closed out a retirement fund because we did not have enough in it ($836)--and took out $167 in taxes. We pit in a Roth Ira, but had unexpected expenses and had to pull it out. Now turbo tax … read more
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How do I know how much it is to answer a tax question? I
Hi, How do I know how much it is to answer a tax question? … read more
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I have taxes from 2015 that i have not filed yet and i did
I have taxes from 2015 that i have not filed yet and i did withdraw money from my 401k that year. I withdrew about 6500 and the federal taxes were withheld but i am wondering how much i will owe for s… read more
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In 2015 I received a lump sum distribution as pension pay out from a p
In 2015 I received a lump sum distribution as pension pay out from a previous employer and rolled over most of it into my IRA but took a portion of it as an early withdrawal. I had the the investment … read more
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I took a lump sum pay out from pension of 40k last year.
I took a lump sum pay out from pension of 40k last year. Government took 9k off the top. I net 31k. I got taxes done today and owe federal 6.7k and state 3.3k. 10k total. I am confused it seems I am p… read more
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I live in NY and was divorced in 2005. In 2012, I liquidated
Hi - I live in NY and was divorced in 2005. In 2012, I liquidated the entirety of the 401k at $16,133. $1,792 of Federal withholding was netted out at payout. As part of the divorce decree my ex owned… read more
Lev
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I just finished my taxes on taxact.com and it shows i owe $7500
I just finished my taxes on taxact.com and it shows i owe $7500 for federal. I think i am entering a roth distribution wrong. It shows up as taxable income. The roth was converted from a 401k back in … read more
jgordosea
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I have a tax question. If I withdraw more than my contributions
I have a tax question. If I withdraw more than my contributions to my simple IRA is there additional penalties that what is normally levied by the IRS? I also need to know if I will have to pay state … read more
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After cashing out my IRAs, I have a total distribution of
After cashing out my IRA's, I have a total distribution of $ 146,000.00 of which $ 29,000,00 were taxes withheld by the IRS. Can I put the $ 146,000.00 on line 15A of Form 1040 and the amount of $ 117… read more
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I am a California resident. I cashed in my 403b retirement
I am a California resident. I cashed in my 403b retirement in 2010, which I had from many years ago when I lived in Georgia. I had state and federal taxes withheld, and I understand there's a penalty … read more
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I am 53 years old and lost my job 2/12 and currently collecting
I am 53 years old and lost my job 2/12 and currently collecting unemployment. My income this year will be about 44K but my mortgage interest will be $26K. I would like to cash out my 401K. i understan… read more
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I am confused about something that happened in our 2008 tax
I am confused about something that happened in our 2008 federal tax return. I had a traditional IRA contribution of $4500 that year. However, I had also taken an early distribution of $4015 total with… read more
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On 12/10/08 I received a total distribution for my 401K in
On 12/10/08 I received a total distribution for my 401K in the amount of $53,954.53. Income tax was withheld in the amount of $10,790.91. I had a looan balance of $8494.06 and actually received a chec… read more
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I have received a 1099-R form for a financial hardship withdrawal
I have received a 1099-R form for a financial hardship withdrawal I took out for medical bills and the withdrawal I took out did not cover all of the medical bills and now I am being penalized. When d… read more
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When I went through my divorce we had a QUADRO to get funds
When I went through my divorce we had a QUADRO to get funds out of his retirement. It was97,000.00 then they took out 20,000.00 for the penalty and the rest was written out to me. It was turned over t… read more
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I was 48 yr old when I received my retirement check for 435k.
I was 48 yr old when I received my retirement check for 435k. I reinvested 235k and took 200k, after taxes I received a check for 138k. How much taxes will I have to pay for income tax on the 138k? Fo… read more
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I cashed in a 401k to purchase a house. It was valued at ...
I cashed in a 401k to purchase a house. It was valued at $104,000. They withheld 20% federal taxes. The total amount of the check was $83648.67. I made approx 17000 dollars in 2005. I am assuming it w… read more
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