Did anyone who filed on jan 31 receive there taxes yet?
Answers: if you filed your taxes then go to IRS website and click the button that says "where is my refund"
it will give you the latest update/status on your tax return
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No, I did go to the where's my refund and was told that it was received but no other information is available at this time check back next ! Which I had DD was told would be in there between the 8th and the 15th but still don't understand the no information available crap!
Will Singlegal Answer This Question For Me?
I already know that I won't pay any Federal or State taxes on the IRA Rollover that I rolled over into a Roth, which is very soon called a Roth IRA. My cross-examine is when I want to withdraw money from my Roth IRA, do I hold to deduct Federal or State taxes from the amount I am withdrawing, & if so, what percentage do I lift. If I don't deduct any taxes, when I am withdrawing an amount from my Roth IRA, will I enjoy to pay the IRS taxes, when I wallet my 2008 return?Answers: Wrong!
When you rollover an IRA to a Roth IRA, the INCOME tax is due on the pre-tax contributions within the traditionaly IRA. You just don't wage the 10% penalty if you truly rolled over the entire amount.
It you meant to move, read out, $10,000 and you didn't do it trustee to trustee and took a check for $8000 and only deposited $8000, afterwards you've got lots of issues.
You would enjoy rolled over $8000 (income tax only) and took a distribution of $2000 (income levy and 10% penalty). You add the withholding to your excise return.
If you meant to voice you PREVIOUSLY rolled the money to a Roth, then the quiz is how long ago did you roll the money over? If it's been smaller amount than 5 years and you are younger than 59.5, you still have a 10% cost on the entire distribution and any amount that isn't from a contribution--eg earnings--is taxed as income as in good health.
I removed money from former employer 401k. Do they need to send me any forms for when I complete my taxes?
Answers: If you took money out of a 401k (not a loan)
They need to send you a 1099-R Distributions from Pensions, annuities, retirement or Profit-sharing plans, IRA's insurance contracts etc.
yep
you should have a 1099-R from them
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