Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
How how are you. i am a teacher and have a loan balance of
i am a teacher and have a loan balance of 19000 on a TRS loan i took out in August. I was looking to borrow from my 403b for home repairs. When (IF they are combined) the two are combined would that create a tax liability for me … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
18,160 satisfied customers
My husband cashed out his 401, after the back surgery was
My husband cashed out his 401, after the back surgery was not successful, and he is unable to work. I am trying to find out how to claim it and what forms I need to file. … read more
Barbara
Barbara
Enrolled Agent, Paralegal
12,762 satisfied customers
My d.o.. is 7/23/1959. I had to medically retire in 2015
My d.o.b. is 7/23/1959. I had to medically retire in 2015 because of Multiple Sclerosis. I rolled over my pension ($42k) to an IRA in Dec 2018. I also have a 401k with a current available balance of $… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,903 satisfied customers
I am working on my son's tax return and I have a question.
I am working on my son's tax return and I have a question. My son left employment with the job he had had for 15 or years and took a job with USPS. He received 2 1099-R's from his former employee's 40… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,903 satisfied customers
I cashed out my 401k when leaving my last job, and as a
I cashed out my 401k when leaving my last job, and as a result, my 401k loan was paid back from it im wondering what i owe on that loan, if i have to pay taxes on it … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
18,160 satisfied customers
My husband borrowed from his company 401K about a year and a
My husband borrowed from his company 401K about a year and a half ago. He took retirement from his company in May, 2018. He turned 62 in April, 2018. He now wants me to take money out of my 401K to pa… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,114 satisfied customers
I took a loan against my IRA and paid the loan back before
I took a loan against my IRA and paid the loan back before withdrawing the full amount. I did not transfer it into another IRA, I took a cash out. Do I have to pay the early penalty on the withdrawal?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,818 satisfied customers
Self-directed 401(k) question. If I repay the loan that I
Self-directed 401(k) question. If I repay the loan that I personally took from the self-directed 401(k) how long do I have to wait until I can we borrow some or all of that money?… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,114 satisfied customers
Ed, I am a federal government employee. I took out a TSP
Hello Ed,I am a federal government employee. I took out a TSP loan of $15,000 in January of this year. I currently reside in Maryland. I have two questions.Will I be penalized for taking out the loan … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,903 satisfied customers
A year ago I took out a loan from my 403B account. I was
A year ago I took out a loan from my 403B account. I was aware that when I took out the loan that I would have to re-pay the balance at the time that I am no longer employed with the agency. On Decemb… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,818 satisfied customers
I defaulted on paying back my 403b Loan. I have Leukemia and
I defaulted on paying back my 403b Loan. I have Leukemia and my medication costs overwhelmed my ability to pay my loan on time. I will turn 59 1/2 in May of 2018, My 1099-R will be issued for 31037.08… read more
PDtax
PDtax
Owner
Master's Degree
5,159 satisfied customers
My wife took out a loan (30K) from her employer sponsored
Hello. My wife took out a loan (30K) from her employer sponsored 401K. Approximately 8 months later the employer declared bankruptcy. The company that managed her company's 401K (The Hartford Company … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,699 satisfied customers
In reference to a 403b. I made contributions of slightly
In reference to a 403b. I made contributions of slightly over 20K to the account. Stopped making payments in 2007 due to a divorce. In 2008, 2009 and 2010 I took out loans to help cover my living expe… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
4,699 satisfied customers
Hello Lane... My job HR DEPT. requests 3 months notice of
Hello Lane... My job HR DEPT. requests 3 months notice of retirement. I was thinking of making my last day jan, 7...in hopes they would give me my bonus which they give in Feb....but that is no guaran… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
18,160 satisfied customers
I have a 403(b) loan that was not paid by my employer in a
I have a 403(b) loan that was not paid by my employer in a timely manner and it resulted in a loan default for me in 2012. I received a 1099 and had to pay tax on the distribution. The loan was actual… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,903 satisfied customers
accidentally defaulted by 20.18 on 403b loan. will hit in
accidentally defaulted by 20.18 on 403b loan. will hit in 2010 creating huge tax burden. do i have any recourse? should i try and schedule payments now with irs? i fear financial ruin with this. can y… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,818 satisfied customers
in 2006 i took out a pension loan for 1300.00 and it has added
in 2006 i took out a pension loan for 1300.00 and it has added to about 1600.00 with interest. iwas suppose to pay it back through payroll deduction but i resigned from my job in december 2007 so the … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I voluntarily contributed into a 403b plan for several ...
I voluntarily contributed into a 403b plan for several years. I was denied my request to liquidate the account in order to use the funds to purchase a home. I was subsequently forced to take out a loa… read more
RD
RD
Self Employed
Master's Degree
1,129 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

5,118 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

298 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

18,818 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,665 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