Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
We are both over 60, working. My spouse was self employed
We are both over 60, working. My spouse was self employed for a local company as a consultant from Jan 1, 2017 to 11/30/2017, then hired 12/1/2017 as a full time employee. I work as a Federal employee… read more
Barbara
Barbara
Enrolled Agent, Paralegal
11,242 satisfied customers
How much does this service cost? Do they let you know cost
I got a notice from its that they feel I owe more for 2015 due to Ira deduction being disallowed. I got the deduction worksheet for 2015 and it requires your total income number but in order to get total income I need to know the Ira deduction allowed. So stuck between the two figures. I used a software free service to do the filing in 2015 … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,931 satisfied customers
I live in VA and have about just refinanced my house out of
I live in VA and have about just refinanced my house out of a 6.25 % to a 3.75%, owe 2-3k in credit card debt, have a 25k student loan, 90k in the bank........I am going to open (2) VA 529s for their … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
17,888 satisfied customers
This is a question regarding the taxation of a Roth IRA.
Hi, This is a question regarding the taxation of a Roth IRA. I have been told that all capital gains are free of taxation as long as you do not withdraw funds for five years. It does not make sense th… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,315 satisfied customers
My wife and I just bought a new house. In order to get the
My wife and I just bought a new house. In order to get the money for the down payment in our accounts before we sold our current house we pulled money out of our retirement accounts with the intention… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,315 satisfied customers
I retired this year, does it make since to withdraw from my
I retired this year, does it make since to withdraw from my retirement account to invest in a IRA to get a IRA deduction to reduce my taxes for last year 2013. Total income is 106,150 filing Jointly a… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,659 satisfied customers
I'm aware that there are certain exceptions for reducing the
I'm aware that there are certain exceptions for reducing the penalty amount applied to a 401k early withdrawal, i.e. withdrawing funds for a first time home purchase and higher education costs (which … read more
Phillip B, EA
Phillip B, EA
Tax Advisor
Bachelor's Degree
570 satisfied customers
I am in the process of purchasing a home and would like to
I am in the process of purchasing a home and would like to use some of the money I have sitting in a 401k with my previous employer. My Retirement specialist indicated that the only way I could use th… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,659 satisfied customers
My 2009 Federal Tax Return is being audited. The question
My 2009 Federal Tax Return is being audited. The question is that I had made IRA Contributions of $6,000 for myself and $6,000 for my wife. Because my wife had earnned income of $23,000 while working … read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
My wife inherited 75k from her brother who died last aug. The
My wife inherited 75k from her brother who died last aug. The money was in his IRA. What would you suggest to do with the money to deferr taxes. She is 53 and I am 55, we were thinking of transferring… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,507 satisfied customers
This question is to CPA. My sister is 75 years old,single
This question is to CPA. My sister is 75 years old,single and still working. She make little over $10,000 a year. If she open Roth IRA for 2010 and 2011 to maximum amount, can she take money out for 5… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
I have to withdrawal money out of my retirement account. How
I have to withdrawal money out of my retirement account. How much tax should I have withdrawn?… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
Hello I recently separated from a company of which I worked
Hello: I recently separated from a company of which I worked for for 3 1/2 years and I had a 401K with that company to go back to school full time for one year. I have also set up an IRA which I inten… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My wife and I took an early withdrawal from our 401K. This
My wife and I took an early withdrawal from our 401K. This put out AGI near $150,000 and now we owe the IRS $7,000. I want to move $28,000 to another Retirement plan that would lower our AGI and avoid… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My husband and I are over 62 and rolled over our 401ks to
My husband and I are over 62 and rolled over our 401k's to a returement account in a credit union. We are moving to another city because we are both disabled and want to be near our son. We would like… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I am dissatisfied with the few investment choices I have in
I am dissatisfied with the few investment choices I have in my company's 401k plan. So I would like to contribute to a traditional IRA instead of my 401k. Is it possible to open a traditional IRA acco… read more
Bill
Bill
Master's Degree
3,158 satisfied customers
I want to take $37,200 from my IRA as an early distribution
I want to take $37,200 from my IRA as an early distribution for a down payment on a new home. I know that $10,000 is not subject to 10% early withdrawal penalty, but how much should I withdraw in addi… 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
3,158 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