Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
Can you explain the benefits of a Roth IRA and when I can
Can you explain the benefits of a Roth IRA and when I can withdraw. Explain like I'm 5 years old… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
35,708 satisfied customers
I am getting ready to retire and have pulled out an old IRA
I am getting ready to retire and have pulled out an old IRA that has not been contributed for over 12 years. I notice that for a few years the contribution went into a Roth IRA rather than a tradition… read more
Tax.appeal.168
Tax.appeal.168
Principal
7,884 satisfied customers
Would like to confirm if this is entirely true or not: ROTH
Would like to confirm if this is entirely true or not: ROTH IRA account can be used to withdraw money as needed up to the contribution amount (direct contributions + conversions) without any age or ot… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,083 satisfied customers
I have questions regarding Roth IRA and first time home
I have questions regarding Roth IRA and first time home buyer distributions … read more
Tax.appeal.168
Tax.appeal.168
Principal
7,884 satisfied customers
Lane, If I took out 17,500 from my roth ira. My 1099-R shows
Lane,If I took out 17,500 from my roth ira. My 1099-R shows 17,500 as total distribution and the taxable amount is blank. I contributed 12,300 into my Roth over the years so 4,200 is appreciation. Whe… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
19,083 satisfied customers
I wan't to take out $20k from Roth IRA without 10% penalty
I wan't to take out $20k from Roth IRA without 10% penalty Bought first house last October. … read more
Tax.appeal.168
Tax.appeal.168
Principal
7,884 satisfied customers
I have a 401(K) that I'd like to rollover to either a
I have a 401(K) that I'd like to rollover to either a self-directed traditional or ROTH IRA. My goal is to income generation. Is there any possible way (excluding the well published exceptions like lo… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
20,865 satisfied customers
Do they tax your tsp if i take out 2000,00 month, roth ira that i start on my own i would
do they tax your tsp if i take out 2000,00 month, roth ira that i start on my own i would like to move to hawaii… read more
Barbara
Barbara
Enrolled Agent, Paralegal
15,229 satisfied customers
Traditional IRA to Roth IRA - Conversion withdrawl question
For example, if I've converted my traditional IRA to Roth IRA on January 1, 2009, the amount converted was $10,000. I paid the tax on $10,000 in a same year. Now, in year 2014, the Roth IRA account ba… read more
Anne
Anne
Master Tax Preparer
2,601 satisfied customers
I am 58 with an inherited IRA Roth from my Dad. I need to
Hi. I am 58 with an inherited IRA Roth from my Dad. I need to withdraw $30K to buy a house. Can I retitle the Roth for this purpose. Otherwise, what would my 2012 taxes be for withdrawing $145K from a… read more
WebCPA
WebCPA
Manager
Bachelor's Degree
105 satisfied customers
We had a rollover IRA last year and deferred the expenses until
We had a rollover IRA last year and deferred the expenses until 2012 and 2013. Now we are having to count it as income and are paying taxes on it. Will we have to pay taxes again when we withdraw fund… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,504 satisfied customers
Looking to set up a roth IRA Account with a Forex broker.
Looking to set up a roth IRA Account with a Forex broker. can you have more than one roth IRA? Can you remove the funds after a period of time to buy a house? Do you pay taxes on those funds?… read more
Bill
Bill
Master's Degree
3,226 satisfied customers
Can I make an early, non-qulifying withdrawal of any contributions
Can I make an early, non-qulifying withdrawal of any contributions I made from my Roth IRA without taxes or penalties (since the contributions have already been taxed)? For example, I put in $10,000 o… read more
Bill
Bill
Master's Degree
3,226 satisfied customers
I recently made 2 early withdrawals from a Roth IRA. The first
I recently made 2 early withdrawals from a Roth IRA. The first withdrawal was for $5,000 and the second was for $2,000. I requested that 10% be deducted for each withdrawal by Fidelity for Federal inc… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
3,136 satisfied customers
I am married, about 50 years old and have an IRA and a Roth ...
I am married, about 50 years old and have an IRA and a Roth IRA. They are both nice size and made of stock held by an online broker. I own a home but have a morgage of about 1/4th its purchase price t… read more
Bill
Bill
Master's Degree
3,226 satisfied customers
i whant to take money out of my roth ira to pay off high
I whant to take money out of my roth IRA to pay off high interest credit card debt. What kind of penalty can I expect from doing this if any. And If so is there a way of get around it. Optional Inform… read more
R. Greg Paszkiewicz
R. Greg Paszkiewicz
Accountant
Bachelor Degree
140 satisfied customers
when can I draw funds from a Roth ira without paying a tax ...
when can I draw funds from a Roth ira without paying a tax penalty (other than income tax) Already Tried: talked to bank where my ira account is,they say 59 1/2 and/or 5 years… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
3 Questions I withdrew $1500 from my Roth IRA to put ...
3 Questions: I withdrew $1500 from my Roth IRA to put as a downpayment at the signing of a contract for the purchase of my first home (a condo). This Roth IRA account has not been open for 5 years. 1.… 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

5,764 satisfied customers

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

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

626 satisfied customers

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

Loren

Loren

Attorney

372 satisfied customers

Over 25 years practicing law

Robin D.

Robin D.

Senior Tax Advisor 4

20,865 satisfied customers

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

Megan C

Megan C

Certified Public Accountant (CPA)

8,666 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

< 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