 My dad has not filed his w-2 forms in like 8 years, what does he have to do to fix this so he can file again? |
| Because i need to file my fafsa and i cannot do it because of this, and i dont have any credit to get loans for college, and its really hard to save money for colege when i have bills to pay, thank ... |
|
 I give money to my mom on a monthly basis but she is in Mexico, can I claim her as a dependent eventhough...? |
| I give money to my mom on a monthly basis but she is in Mexico, can I claim her as a dependent eventhough she is not an american citizen?... |
|
 Quarterly Tax Payments? |
I'm a student who is working a few jobs (2 of which use 1099's). Last year (2006 tax year) I brought in about a $17 tax refund.
I'm planning on paying quarterly tax ... |
|
 Where can my mum find out her national insurance number? |
| She now needs it and has no record of where it could be. She has been a housewife for most of her life so it is not on any payslips or anything else- any suggestions would be great, ... |
|
 Is working 30 hours a week classed as part time? |
| my mum seems to think so, i dont think it is.... |
|
 What Law states the IRS has the right to collect taxes ? |
| I have not been able to find ONE simple statement from Congress that gave the IRS that right ! Besides, the IRS being an independent corporation -... |
|
 Should homeless people fill tax income papers? |
| Legally speaking, not logically speaking, is it legal to be a homeless people and to beg for money like that? And if it is, are they legally supposed report any income and pay taxes on it? I know ... |
|
 How good is turbo tax?? |
| are there any problems with it? is it fool-proof? we want to do our own taxes this year and were thinking about using it.... |
|
 I asked a similar question yesterday, but...? |
| If I am already making payments to the IRS through payroll deduction, will I get either my STATE or FEDERAL income tax return?... |
|
 First year not doing 1040EZ, What tax form do I need? |
This is my first year not filling out a 1040EZ form, and I do my own taxes.
Married Filing jointly, Spouse is stay at home parent.
1st Child born 2007
Under 50k a year
A... |
|
 How many tax exemptions should I have? |
| I work full time, no kids, no mortgage, no school, no car payment, etc... I dont know what else exempts you from paying taxes. I heard the lower the number the more taxes they take out, but you will ... |
|
 Who can claim my grandson? |
| my son and his gf had a baby he is 8 months old. my son would like to claim him as he does take him often on overnights and gives her money all the time to help support him.the gf don't work,but ... |
|
 My sister loaned me of money over the years. When i give it back to her does she have to pay taxeson it again |
| I'm about to recieve a settement and am able to pay her back some of what she has given to me. She is in a 46% tax bracket. Sne would have to give half of it to gov. She paid income tax when she ... |
|
 Medical tax deduction for hot tub? |
My husband has rheumatoid arthritis and we were looking at hot tubs
for him to relieve the pain and aid with circulation. The salesperson
told us we could get a medical deduction credit ... |
|
 I need to file my old taxes for 2005 and I need to do it before April 15th? |
| I still need to file taxes for 2005. I was hoping to file eletronically online in order to make the April 15th deadline. Do you have any suggestions? I was hoping to do it myself I don't want to ... |
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mac_a379 | I'm only 35 but I need some of my IRA money, I know I will be taxed but can I withdraw for any reasons ? |
|
 |
 
MN-Mike
|
Yes but with a 10% penalty and around 35% income taxes..
If you can prove a "hardship withdraw" you can get it tax free and pay it back into the account (a self loan) or taxed at the regular rate without penalty. A primary home purchase is also a "hardship withdraw" but sometimes hard to prove depending on your financial situation.
=============================== |
|
waggy_33
 |
You can withdraw funds from your IRA at any time. Such distributions will be subject to income tax and a 10% early withdrawal penalty. If one of the following apply the 10% penalty will not apply:
1. You become permanently and totally disabled.
2. Distributions are part of a series of substantially equal periodic payments.
3. To pay medical expenses in some situation.
4. Made under a QDRO order in a divorce. |
|
Wayne Z
 |
There are no "hardship" provisions that will allow you to withdraw the money tax and penalty free. It is your money. You can withdraw it at any time but you will pay federal income taxes, a 10% penalty, and state income taxes (if applicable). I advise against it. |
|
May I help You?
|
Yes.
You will be taxed at your regular tax rate, plus a 10% penalty in addition to the regular taxes, so if you're in the 35+% bracket you will pay 40-455% effective rate for the year.
Check with your local bank, maybe they can help you do anything else.
GOD bless |
|
skcs69
|
Yes, but you will pay big., and it is a tax deduction. |
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barnett95
|
you will be taxed big time. check out www.daveramsey.com he has wonderful information and a radio show that you can listen to online or you can call the show during the week he will help you out |
|
mtvtoni
 |
I really think that funding is in great shape. Just prepare the
note with a financial goal. Go to the chamber of commerce,
look at building some credibility within conservation or invests.
Look at the team efforts to spend more at better rates. The
whole budget is breaking up in the street prices, and there must
be some model spenders. Good area to start. |
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hawkthree
|
You can withdraw but it may be a lot cheaper to try to get a small loan from your bank. Yo'll pay a lot of penalties for withdrawing.
If you have a hardship (need to pay rent, you lost your job, you have outrageous medical expenses) then you may withdraw without penalty. |
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