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If I make $50k on my w2, take the standard $12k deduction,
If I make $50k on my w2, take the standard $12k deduction, put $20k in my pre-tax accounts (like 401k) and make $20k in long term capital gains, then what percentage will my capital gains be taxed at?… read more
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I want to minimize my tax withholding on my W4 form. I have
I want to minimize my tax withholding on my W4 form. I have a court restitution judgement (not owed to the federal government or a tax liability but to an individual in a court case) that can potentia… read more
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If a 401k loan was deducted from your 401k balance in 2018
if a 401k loan was deducted from your 401k balance in 2018 while unemployed, do you still qualify under the new Tax Act to roll the default into an IRA before April 15 2019. It is a qualifed plan offs… read more
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What is the best way to estimate the implications of
What is the best way to estimate the AMT implications of exercising employee incentive stock options for common shares of a private company (pre-IPO)? As an example, the strike price is $0.59 per shar… read more
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I had 401K on which I had a loan. I lost my job, so now I
I had 401K on which I had a loan. I lost my job, so now I have to repay the loan back. I have another RollOver acount with different company. If I take money from that account to pay off the loan, wou… read more
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First to know is this is not about 2018 tax return...it
First to know is this is not about 2018 tax return...it would apply to 2019 taxes because the transaction has not been done yet...ok, i will now explain: … read more
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Just started a new job in December. On 12/14/15 I did a
just started a new job in December. On 12/14/15 I did a roll-over of my 401k from my old employer to my new employer. While employed at my old employer I had a loan taken out with a balance of $20k. I… read more
Robin D.
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Vocational, Technical or Trade School
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I recently took a cash out option on my pension from a
I recently took a cash out option on my pension from a former employer and put it into a rollover IRA with Fidelity. Now, I am unemployed at age 58½ and having trouble finding a good paying job. I'm w… read more
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Im currently unemployed for about 1 1/2 month but am actively
I'm currently unemployed for about 1 1/2 month but am actively looking for work. My mother (living outside of the US) has been very sick, bedridden and has been in and out of the hospital. I'm current… read more
Lev
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My brother has been unemployed for several months, has zero
My brother has been unemployed for several months, has zero income (living off his savings), has no health insurance, and is NOT 59 1/2. If he takes early withdrawal from rollover IRA to pay medical e… read more
Robin D.
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I would like to rollover my 401k retirement funds to an IRA
I would like to rollover my 401k retirement funds to an IRA account, is there a limit of funds that you can withdraw and should I make the decision as of how much federal taxes should be withheld by t… read more
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my husband and I want to take advantage of the 2010 rule that
my husband and I want to take advantage of the 2010 rule that allows us to rollover money from our IRA's to new Roth IRA's. We are not sure the best way to pay the taxes that will be due as my underst… read more
Jacy
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i have a 401k with $250,000 in it and i just left the company.
i have a 401k with $250,000 in it and i just left the company. i am 45 yrs old, have an existing roth for me and my wife, will make $65,000 this year and $100,000+ /yr next year until retirement in 12… read more
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My husbands company closed his pension account and cut a check
My husband's company closed his pension account and cut a check to him for $29k. We could use 10k of it now. What can we do to ease the pain of the tax penalties?… read more
Robin D.
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I HAD A LARGE (950,000) ONE TIME GAIN IN 2009 PLUS 187,000
I HAD A LARGE (950,000) ONE TIME GAIN IN 2009 PLUS 187,000 IN CAPITAL GAINS. MY QUESTION IS AM I ABLE TO PAY THE FED TAXES DUE (ABOUT 330,000) IN INSTALLMENTS AND SECONDLY, SHOULD I HAVE TO PAY ESTIMA… read more
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I was let go from my company last October 2009 and have since
I was let go from my company last October 2009 and have since started my own LLC in NJ in the line of IT Consultancy. I have no income and no jobs yet but have approximately 175K in a fidelity IRA. I … read more
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I was convicted in US Federal court for Equity Skimming/Defrauding
I was convicted in US Federal court for Equity Skimming/Defrauding the government and ordered to pay restitution. Is the restitution I pay back, $130,000.00, tax deductable from my Federal Income Tax … read more
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I have a 401K at 22542.81 balance,I am unemployed right now,But
I have a 401K at 22542.81 balance,I am unemployed right now,But my question is that I owe on a loan on this about 8,515.06 I know that at the end of the year I have to pay taxes on this,should I take … read more
Bill
Bill
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