Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
Questions regarding Using IRA to purchase investment
questions regarding Using IRA to purchase investment property … read more
PDtax
PDtax
Owner
Master's Degree
4,989 satisfied customers
I'm doing my taxes and have a question regarding deductions.
I'm doing my taxes and have a question regarding deductions. Turbotax asks me if I have a Traditional IRA and/or Roth IRA. I have a traditional 401K and Roth 401k Mep. Is Roth IRA the same as Roth 401… read more
DK_CPA
DK_CPA
Certified Public Accountant (CPA)
Master of Science in Accounting & Taxationb
1,653 satisfied customers
Lev; I have an S Corp and it contributes to my SEP IRA. I
Hi Lev; I have an S Corp and it contributes to my SEP IRA. I have one part time employee and understand I need to make the same percentage contribution to a retirement plan for him, as I do for myself… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
32,981 satisfied customers
My son cashed a retirement savings plan to be used to
My son cashed a retirement savings plan to be used to purchase first home. He received a 1099-R form with a distribution code of 1 in box 7. He was advised that cashing this purpose was exempt from 10… read more
Barbara
Barbara
Enrolled Agent, Paralegal
11,808 satisfied customers
My husband died Feb 2016 at age 78. He was taking RMDs from
my husband died Feb 2016 at age 78. He was taking RMDs from his employer's Money Pension Plan. I took his RMD at the end of 2016 as required by law. I was told by his employer that I did not need to d… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
5,275 satisfied customers
I have an IRA With my son as a beneficiary., When I pass
I have an IRA With my son as a beneficiary., When I pass away will the money in the IRA be taxed in any way BEFORE it is transfered to my son ?. … read more
Barbara
Barbara
Enrolled Agent, Paralegal
11,808 satisfied customers
I have a tax question. I am getting a subsidie through the
I have a tax question. I am getting a subsidie through the ACA for health insurance. I need to keep my income this year below a certain level to avoid being penalized. If I take money from my IRA, I b… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,539 satisfied customers
If I took money out of my Roth IRA I'm 47, to live off of,
If I took money out of my Roth IRA I'm 47, to live off of, do I have to pay taxes? how should I report it on my taxes?… read more
ABC Accounting Group
ABC Accounting Group
Bachelor's Degree
955 satisfied customers
You were very helpful regarding a previous question about my
Mark, you were very helpful regarding a previous question about my son's foreign income tax exclusion. Now, my question is - can he contribute to his IRA account up to the limit ($5,500) based on his … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,539 satisfied customers
My father had a 401k plan from a company he retired from in
My father had a 401k plan from a company he retired from in 1986. He recently passed and it was transferred to my mother as beneficiary. I am working on having this rolled over into my mother's IRA, s… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
17,663 satisfied customers
I had a 401k with a previous employer. I rolled it over into
I had a 401k with a previous employer. I rolled it over into an Etrade rollover IRA. I also have a Roth IRA through Etrade. Can I contribute $5,500 to both the Roth IRA and the Rollover IRA?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
11,808 satisfied customers
Pulling out money from investment account and putting in roth
Pulling out money from investment account and putting in roth ira it is beneficial in the short or long term. moreover, any restriction for that - not earned income.… read more
Barbara
Barbara
Enrolled Agent, Paralegal
11,808 satisfied customers
I converted $10,000 of an IRA to a Roth IRA in 2013 and paid
I converted $10,000 of an IRA to a Roth IRA in 2013 and paid the tax on that conversion. I started taking dividends off that money in 2014, do I own any taxes. I have had a Roth IRA since 1996… read more
Barbara
Barbara
Enrolled Agent, Paralegal
11,808 satisfied customers
WILL CONGRESS INCREASE THE 179 EXPENSE DEDUCTION ABOVE $ 25,000.00
WILL CONGRESS INCREASE THE 179 EXPENSE DEDUCTION ABOVE $ 25,000.00 BEFORE THE END OF THE YEAR? TO WHAT LEVEL WILL THEY RESTORE IT?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
11,808 satisfied customers
Hi, I am a foreign national (non-US citizen; but resident
Hi, I am a foreign national (non-US citizen; but resident for tax purposes) and am contemplating opening a Roth IRA account. My question is regarding an early withdrawal on the account, if I choose to… read more
Dave CPA
Dave CPA
Master's Degree
740 satisfied customers
My parents passed recently. Before passing, they both owned
My parents passed recently. Before passing, they both owned IRA's. My mother passed first, leaving her IRA to my father. Shortly after, my father passed, with no named beneficiary on his IRA's so they… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,099 satisfied customers
Hi Steve; Hope you had a safe & happy 4th. Heres my question A
Hi Steve; Hope you had a safe & happy 4th. Here's my question: A Sub S creates a profit sharing plan before 12.31.10. The contribution is paid by the company in 2011. The primary shareholder, a partic… read more
Bill
Bill
Master's Degree
3,161 satisfied customers
In error, I rolled over a $5,000 IRA into my new employers
In error, I rolled over a $5,000 IRA into my new employer's 401K program when I rolled over other 401K monies. My company did not question. Should I be concerned?… read more
JKCPA
JKCPA
Certified Public Accountant (CPA)
Bachelor's Degree
1,796 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