Posted October 24th, 2009
by admin
StillWaiting asked: My husband and I used Liberty Tax Service and had the fees deducted from our refund. However, the banking information on our return is our banking info. Does anyone REALLY know how our payment will come? Our originaly refund was DD but everyone on here is saying they’re getting theirs by paper check and some are saying they had fees deducted from their refund but still had their rebate DD. Has anyone personally used Liberty Tax Service, had their fees deducted, but received their rebate by DD?
Tags: Banking Information, Dd, Liberty Tax Service
Posted in United States | 4 Comments »
Posted May 31st, 2009
by admin
ferl k asked:
Just say u made 155,000 a year and a certain % went into 401k like 15,000 and then another 1200 in 529.lowering u to another tax braket?
Tags: 401k Plan, Money, Roth Ira
Posted in United States | 3 Comments »
Posted May 3rd, 2009
by admin
Gladicouldhelpu asked:
If an S-Corp pays matching contributions to a shareholder as part of a Safe Harbor 401k plan, does the shareholder get the benefit of the deductable expense or is it a k-1 add back item?
Tags: 401k Plan, S Corp, Shareholder
Posted in United States | 2 Comments »
Posted May 3rd, 2009
by admin
Dava S asked:
I inherited my daddy’s 401k plan. He dies last month he was young so its not alot. It is 24,000. How much taxes will I have to pay on that?
Tags: 401k Plan, How Much Will I Owe In Taxes
Posted in United States | 5 Comments »
Posted April 16th, 2009
by admin
dpesetsky asked: Followup to answer to “Can $12000 per year per child be gifted without inheritance tax even if the money comes from an IRA or 401k?”
Is it state specific?
Tags: 401k, Inheritance Tax, Money
Posted in United States | 5 Comments »
Posted April 16th, 2009
by admin
Kelly D asked:
Here is my question. Say I want to withdrawal a certain amount of money from my 401k after tax money, would I have a penalty in doing so? I am not knowledgeable about this and looking for info.
Tags: 401k, Amount Of Money, Tax Monies
Posted in United States | 5 Comments »
Posted April 16th, 2009
by admin
kiki asked:
I didn’t get anything from my 401k provider, at least not that I know of. Was I supposed to get a 1099 or something?
Tags: 401k, Income Tax, Interest Income
Posted in United States | 4 Comments »
Posted March 31st, 2009
by admin
michaelblog asked:
I am the beneficiary of my father’s mutual fund or IRA. When the money is distributed to me, does the IRS see that as income or as inheritance? How it is taxed?
Tags: Fund Beneficiaries, Inheritance, Mutual Fund
Posted in United States | 2 Comments »
Posted March 30th, 2009
by admin
jennifer asked:
I am just starting out in my career (26 years old). My company does not offer any retirement or 401k plans. I just did my taxes and realized I can get an extra $925 back on my refund if I contribute $3500 to a traditional IRA. I have decided I can afford to and should make this size contribution for last year to some sort of IRA. Should I contribute to the ROTH IRA and get the tax benefit when I retire or the traditional IRA and get the benefit now?
Tags: Ira Tax, Retirement, Tax Benefit
Posted in United States | 1 Comment »
Posted March 30th, 2009
by admin
va_girl asked:
I opened a money markey IRA, and was going to converit it to a Roth IRA (im 23) and have rolled my $3,500 from my 401K into my new IRA. When will I have to pay taxes on my $3,500 and when will I pay taxes on my new contributions? Im not sure if I should keep the money market, or change to the Roth. Thanks!
Tags: 401k, Money Market, Roth Ira
Posted in United States | 3 Comments »
