Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
I had a question about early distributions from traditional
I had a question about early distributions from traditional and Roth IRAs … read more
Barbara
Barbara
Enrolled Agent, Paralegal
20,383 satisfied customers
I made a $1500 overcontribution to one of my employer 401ks
I made a $1500 overcontribution to one of my employer 401ks in 2018. Since I didn't get a corrective distribution of that excess deferral by April 15, 2019, I've already been taxed once for it. My que… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,563 satisfied customers
Roth ira withdrawal.. 33, no. Married filing jointly, 110000
roth ira withdrawal JA: The Accountant can help. Where are you currently located? Customer: virginia JA: How old are you? Do you have any dependents? Customer: 33, no JA: What is your typical filing s… read more
ALEX O
ALEX O
Partner O & G Tax
Master's Degree
5,117 satisfied customers
I have a question about roth ira distributions. It is a
in March I rolled over my 403B from my previous job into a roth ira account. I know that you can withdraw your contributions at any time and I know about the 5 year rule and the age rule as well about distributions of earnings … read more
Rama-CPA
Rama-CPA
President
Bachelor's Degree
1,294 satisfied customers
I have a Roth I Roth IRA with vanguard that i would like to
I have a Roth I Roth IRA with vanguard that i would like to withdrawal … read more
NelsonProTax
NelsonProTax
Remote Tax Support Expert
Master's Degree
2,500 satisfied customers
I received a check in the amount of my after-tax employee
I received a check in the amount of my after-tax employee contributions to a pension plan I am no longer a member of. What happens if I do not roll this into an IRA? Will I be penalized? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
20,383 satisfied customers
I have about $20,000 in after-tax contributions to a ROTH
I have about $20,000 in after-tax contributions to a ROTH 401(k) from a previous employer.I understand that with a ROTH IRA, the after-tax contribution value can be withdrawn at any time without penal… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,355 satisfied customers
I rolled over 10k from a 403b account to a traditional ira.
I rolled over 10k from a 403b account to a traditional ira. I then withdrew the 10k for a first time home purchase. I forgot all about the annual ira limit though. I am wondering the best way to corre… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,181 satisfied customers
I was wondering if you can take a pension lump sum and roll
I was wondering if you can take a pension lump sum and roll it over to buy a new house without being taxed I'm 58 years old and reach full retirement with my company … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,416 satisfied customers
I am buying my first home. I have a roth 401K and want to
I am buying my first home. I have a roth 401K and want to use those funds for the downpayment in the amount of $75,000. I have been reading to transfer it to an IRA and withdraw from that to avoid pen… read more
Bill
Bill
Master's Degree
3,255 satisfied customers
I am a 61 year old retired disabled veteran. I had continued
I am a 61 year old retired disabled veteran. I had continued to contribute to my traditional IRA and was penalized. When I spoke to an IRS rep I was told I could have an IRA, I just couldn't contribut… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,563 satisfied customers
I withdraw 6 times 401 k to pay my credit card for gambling.
I withdraw 6 times 401 k to pay my credit card for gambling. Within 2 months of first withdraw, I win the money and roll it back. DO I Still need to pay income tax and penalty… read more
Lev
Lev
Tax Advisor
Bachelor's Degree Equivalent
55,924 satisfied customers
Retired end of June 2011 @ age 56 from UCSF Childrens Hospital.
Retired end of June 2011 @ age 56 from UCSF Childrens Hospital. Had 403b in place through UC @FIDELITY. Took a LUMP SUM @ retirement and rolled that into the 403b.Am considering having Fisher investme… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,416 satisfied customers
I am going through a divorce(California),and will be getting
I am going through a divorce(California),and will be getting my spouses 401k,through a QUADRO,I understand that the IRS does not penalize you the 10% early withdraw,is this only for the the year that … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
23,416 satisfied customers
i AM 78 YR OLD WIDOW WHOSE HUSBAND HANDLED THE FINANCES. MY
i AM 78 YR OLD WIDOW WHOSE HUSBAND HANDLED THE FINANCES. MY INCOME IS 23000 I ROLLED 60000 IRA INTO MY CHECKING ACCOUNT WITH PLANS TO LOOK FOR A HIGHER INTEREST. i FORGOT TO DO IN TIME. CALLED IRS AND… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Im 58 yrs old. I left my last job 40 days ago. I rolled
I'm 58 yrs old. I left my last job 40 days ago. I rolled my 401k that was with them into a Traditional IRA. Can I now roll a part of that into a Roth IRA pay the taxes in 2011 & 2012 then withdraw fro… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I borrowed 10k from my IRA and paid it back, but I was wrong
I 'borrowed' 10k from my IRA and paid it back, but I was wrong about the time period(late by about 10 days) so it was considered a distribution. It needs to be reported. Will I pay another penalty if … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I have good one. I am currently consolidating my financial
I have good one. I am currently consolidating my financial resources to fund my new start-up. With the assistance of an attorney, I am rolling an inactive 401K to a new Traditional IRA, which in turn … read more
Bill
Bill
Master's Degree
3,255 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

6,039 satisfied customers

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

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

838 satisfied customers

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

Loren

Loren

Attorney

741 satisfied customers

Over 25 years practicing law

Robin D.

Robin D.

Senior Tax Advisor 4

23,416 satisfied customers

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

Megan C

Megan C

Certified Public Accountant (CPA)

8,667 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