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 two 1099R forms which show charitable donations sent
I have two 1099R forms which show charitable donations sent directly from my retirement IRA to charities. I did this because I was advised that such transfers would be tax-free. My 1099R's show the di… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,682 satisfied customers
How do I contribute to a charity using IRA funds? Can I do
how do I contribute to a charity using IRA funds? Can I do this by writing a check from my IRA account? … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,864 satisfied customers
According to the Putnam article "Donating IRA Assets to
According to the Putnam article "Donating IRA Assets to Charity" that you linked me to in our last conversation, "Distributions of non-deductible IRA contributions also do not qualify." What exactly d… read more
DK_CPA
DK_CPA
CPA
Master of Science in Accounting & Taxationb
1,227 satisfied customers
I have a 403() tax shelter and at 74 I am required to take a
Second opinion] I have a 403(b) tax shelter and at 74 I am required to take a RMD. I would like to give the RMD monies to a charity and avoid paying tax on the RMD. Can I do this?… read more
Tax.appeal.168
Tax.appeal.168
Principal
6,448 satisfied customers
Does the 2018 gift ta exclusion mean i can give up to $15000
Does the 2018 gift ta exclusion mean i can give up to $15000 to EACH of my children this year without paying taxes. How to I accomplish that from my IRA without it showing up on my 1099 as taxable dis… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,864 satisfied customers
If I set-up a foundation from my IRa's, do I have to pay
If I set-up a foundation from my IRa's, do I have to pay taxes on the money that is withdrawn from the mutual funds? The foundation money will be donated to various charities over time. Thank you. … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
21,680 satisfied customers
My husband has to take 2 minimum distributions this year. We
My husband has to take 2 minimum distributions this year. We took the first (really the 2016 portion) but took way too much. Can the extra payment be applied to the second distribution? - In other wor… read more
Charles Markham
Charles Markham
Principal
Masters Science Taxation
740 satisfied customers
An individual tax question. Does a contribution to a Charitable
An individual tax question. Does a contribution to a Charitable Gift Fund like Fidelity's Charitable Gift Fund qualify under the "If 70 and 1/2 years old or older, an individual can contribute up to $… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,682 satisfied customers
How do I retroactively designate my major charitable donations
How do I retroactively designate my major charitable donations as coming from my 2012 RMD?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
10,263 satisfied customers
I was 70 in March 2012. I have a Traditional IRA of $309,558
I was 70 in March 2012. I have a Traditional IRA of $309,558 in stocks. Taxes deferred --year to date--- is 4,826. (1) How much distribution must I take? (2) Can I donate distribution to charity and n… read more
DanielleCPA
DanielleCPA
Certified Public Accountant
Bachelor's Degree
567 satisfied customers
I have a substancial IRA account what is the proceedure in giving this fund to a church wi
I have a substancial IRA account what is the proceedure in giving this fund to a church with no taxes paid by either parter… read more
Bill
Bill
Master's Degree
3,154 satisfied customers
Will I be able to give to my church from my IRA for my MRD
Will I be able to give to my church from my IRA for my MRD in 2010 and not pay taxes on that portion of my RMD? I was able to do this in 2008.… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
GOOD MORNING I am doing some estate (tax) planning for myself
GOOD MORNING: I am doing some estate (tax) planning for myself and want to maximize contributions to my (6) favorite charities. I currently have an IRA and a 401K (TSP)which I plan to leave all or mos… read more
Bill
Bill
Master's Degree
3,154 satisfied customers
Is their publications available explaining how to handle the
Is their publications available explaining how to handle the IRA RMD for the years 2009 and 2010 on the tax forms? Also how do you handle the donations to charities when taken from your IRA during tho… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
We have a small IRA with $12,000. The Required Minimum ...
We have a small IRA with $12,000. The Required Minimum Distribution (RMD) for 2007 will be $330+-. We want to do a Qualified Charitable Distribution for the entire $12,000. Our bank is telling us that… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
Taxpayer has read an article in the newpaper giving a tax ...
Taxpayer has read an article in the newpaper giving a tax savings idea which has to do with the mandatory withdrawal of retirement funds at age 70.5 years. The article says to use an IRA to make a cha… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
31,682 satisfied customers
I am over 60 years of age and am interested in donating my ...
I am over 60 years of age and am interested in donating my $100,000 Individual Retirement Account to a legally approved (recognized) Non-Profit Charity.: (1) What would be the best way to accomplish t… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
If an IRA is left to a charity, does the charity have to ...
If an IRA is left to a charity, does the charity have to pay income tax on the distribution?… 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

21,680 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