Tax

Have a tax question? Ask a tax Expert

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

Related Tax Questions
I am in the process of rolling over a 401k to a roth ira and
hello. I am in the process of rolling over a 401k to a roth ira and I accidentally deposited too little (not the full amount). My broker advised me to seek tax advice because only one rollover is allo… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
22,455 satisfied customers
What is the best method to know how much tax and penalty I
what is the best method to know how much tax and penalty I would encounter if I take the money our of the roth ira account early? Where should I look to even know the portion that would be taxed and t… read more
emc011075
emc011075
Tax adviser
Bachelor's Degree
10,033 satisfied customers
I have $1M in a Vanguard rollover IRA from a previous
I have $1M in a Vanguard rollover IRA from a previous employer. I have conventional 401K and Roth 401K monies at my current employer with Fidelity. I plan to roll over the Fidelity Roth 401K monies to… read more
Lev
Lev
44,329 satisfied customers
I have a rollover IRA, a ROTH IRA and a Traditional IRA. My
I have a rollover IRA, a ROTH IRA and a Traditional IRA. My Traditional IRA has contributions which were funded with both pre-taxed and after-taxed . Can I/should I combine my Rollover and Traditional… read more
emc011075
emc011075
Tax adviser
Bachelor's Degree
10,033 satisfied customers
Taxpayer has rollover IRA and will be rolling it to his
Taxpayer has rollover IRA and will be rolling it to his company's 401k plan by 12/31/21. Can he contribute to a new nondeductible IRA by 4/15/21 for tax year 2020 and convert it to a Roth IRA, tax fre… read more
Lev
Lev
44,329 satisfied customers
If income higher than ira limit, can I do roth every year?
if income higher than ira limit, can I do backdoor roth every year? and if so, does it get rolled into the same roth yearly?… read more
Lev
Lev
44,329 satisfied customers
I'm retired and not working. For 2020 yr can I rollover from
I'm retired and not working. For 2020 yr can I rollover from my IRA to a Roth IRA ? … read more
Bill
Bill
Master's Degree
3,255 satisfied customers
I got retirement distribution was sent to me as a check.
I got retirement distribution was sent to me as a check. They took out 20% for federal taxes. I want to deposit in rollover IRA or Rath IRA need to know my tax options… read more
Barbara
Barbara
Enrolled Agent, Paralegal
24,023 satisfied customers
I have an IRA with $255K in it. $240K are from old employer
Hi,I have an IRA with $255K in it. $240K are from old employer 401K's that I rolled over. The other $15K is after-tax non-deductible contributions that I put in with the intention of doing a backdoor … read more
Lev
Lev
44,329 satisfied customers
I have money in a tax deferred account that was deducted
I have money in a tax deferred account that was deducted from my paycheck when I was working. Can I take money from it/ roll it over into a Roth ira to avoid paying taxes?? … read more
Lev
Lev
44,329 satisfied customers
I am at Ohio state university and would like to do a split
Hi I am at Ohio state university and would like to do a split rollover to a rollover IRA and Roth IRA. is it permissible … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
22,455 satisfied customers
I am 62 yrs old and received a distribution from my
I am 62 yrs old and received a distribution from my company's Roth 401k, can I do a "roll over" with the funds by depositing them into my personal Roth IRA with in 60 days? Thanks,Skip… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
24,361 satisfied customers
I have a Sep IRA held in cash with custodian. I have requested
I have a Sep IRA held in cash with custodian. I have requested a distribution in the form of a check made out to ***ME***. My understanding is that when I receive the check in the mail if I endorse it… read more
Lev
Lev
44,329 satisfied customers
In 2015 how many different IRAs can I withdraw from, hold the
In 2015 how many different IRAs can I withdraw from, hold the money for 60 days and then reinvest in an IRA without penalty. Just 1 or unlimited?… read more
Richard
Richard
Tax Attorney
Doctoral Degree
6,077 satisfied customers
Hello- Im trying to figure out a tax question. I have a: •
Hello- I'm trying to figure out a tax question. I have a: • ***** *****cock 401k: $182,000 • eTrade Roth IRA: $9,000 Question: I'm thinking of rolling over my ***** *****cock 401k into an IRA (I no lo… read more
Lev
Lev
44,329 satisfied customers
I have rolled over my 401k (terminated at age 54). I had the
I have rolled over my 401k (terminated at age 54). I had the pre-tax amount, 1,077,000, sent direcltly into a rollover IRA. I had the pre-1987 after tax amount, 47,000, sent directly to my Roth IRA. T… read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,815 satisfied customers
My household income exceeds 150,000. I cant directly to contribute
My household income exceeds 150,000. I can't directly to contribute money to Roth IRA, so I contribute to Traditional IRA and then convert to Roth IRA by direct transfer. How many times a year I can d… read more
Jacy
Jacy
Bachelor's Degree
567 satisfied customers
I rolled over my S.T.R.S. (tax defered) retirement account
I rolled over my S.T.R.S. (tax defered) retirement account into a roth ira, can I recharecterize this account into a traditional ira without paying taxes on the roth rollover.… 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

6,077 satisfied customers

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

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

877 satisfied customers

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

Loren

Loren

Attorney

795 satisfied customers

Over 25 years practicing law

Robin D.

Robin D.

Senior Tax Advisor 4

24,361 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