Get Answers About Individual 401k

Additional Income

I need to know if accept a payment from my after tax contributions out of my 401K, if it will cause me to pay taxes? The amount is $14,200 approx. how do I figure that out?

Answered 11/17/2008 | Answer This | 1 Answer | See Question

401K withdrawal

Can you withdraw funds from a 401K at any time due to a terminal illness?

Answered 10/13/2009 | Answer This | 2 Answers | See Question

401K reduction of wages

Question: In the past the 401K contribution reduced all taxable wages dollar for dollar except OASDI and FICA. Is this still the correct statement. Thank You Geoff Rabjohn

Answered 11/6/2009 | Answer This | 1 Answer | See Question

Taxes and Penalties on 401k early withdrawal for new home

If I withdraw my 401k to purchase a house would I still be subjected to the 10% penalty and taxes or just taxes?

Answered 12/12/2009 | Answer This | 1 Answer | See Question

Can a lien be placed on a tax return by an individual with a court order

I have a judgement against my ex wife that I am trying to collect on. Can I file paperwork with the IRS to secure any funds if there is a refund? If so what are they and how long does it take. If not....why not?

Answered 12/13/2007 | Answer This | 1 Answer | See Question

Authorization for non-profit?

There is an individual in our community in Iowa who calls himself a "NON PROFIT COMMUNITY BASED ORGANIZATION". He has been doing this for about 5 years. Can he call himself that with no forms or applications...

Answered 1/18/2009 | Answer This | 4 Answers | See Question

401K contribution

Do employers have to match 3% when the employee contributes 3% or more of their yearly income to their 401k?

Answered 12/28/2007 | Answer This | 1 Answer | See Question

401k early withdrawal

I withdrew my 401k earlier this year and took the early penalty and had income taxes withheld. How do I file this on my income tax for this year?

Answered 10/12/2009 | Answer This | 2 Answers | See Question

401k

How many years do I have to report 401k withdaw

Answered 1/2/2008 | Answer This | 1 Answer | See Question

ITIN

SUPPOSE AN INDIVIDUAL IN US HAVING TAXABLE INCOME AND HIS SPOUSE IS HOUSE WIFE WOULD HE APPLY FOR ITIN FOR HIS SPOUSE

Answered 1/4/2008 | Answer This | 1 Answer | See Question

Proper serving of summons

What is the proper way of serving a summons to someone. Does the individual have to be handed it personally. Can someone just drop it on your doorstep. Thank You.

Answered 7/14/2008 | Answer This | 3 Answers | See Question

401K

My husband has a 401K plan at work but the employer doesn't match so it isn't growing very fast. I know you get taxed if you withdraw this. My question is would you just stop contributing to the 401K...

Answered 8/30/2008 | Answer This | 2 Answers | See Question

Friday, 4th of July Holiday pay for a salaried employee

Hey everyone, What do you think about this? I'm a salaried individual. My work week used to be Monday through Friday, however a couple of months ago, my work week changed to Sunday through Thursday, with...

Answered 10/24/2008 | Answer This | 1 Answer | See Question

Child support income which is used business income or individual income?

I have changed jobs since my child support was ordered. I am now partner in a business. Is the child support amount that I have to pay based on the business income or my individual income that I bring home?

Answered 11/21/2008 | Answer This | 2 Answers | See Question

Turbo tax deluxe

Can I use turbo tax deluxe version if I have a 401K, or do I need to get the premier version?

Answered 1/27/2008 | Answer This | 1 Answer | See Question

Residential Lease Agreement

If three individual sign a lease agreement and one of the individuals moves out before the term of the lease is up is that individual still responsible for the monthly amount owed?

Answered 7/31/2009 | Answer This | 2 Answers | See Question

Hypnosis

Is information gathered from a person while the individual is hypnotized admissible in court?

Answered 2/18/2008 | Answer This | 5 Answers | See Question

Is it against the law to inform an employer in the medical field that a employee has been convicted of felony assault, assaul...

I have information about an individual that is currently working as a Cetified Registered Nurse Anesthetist. The individual has been convicted in the State of Wi for charges of Felony assault, child abuse (under...

Answered 8/11/2008 | Answer This | 1 Answer | See Question

401K total distribution

I cashed in my 401K in 2007. I did have federal & state taxes withheld from it. I have received a form 1099-R. Where or how do I file for this on my 1040? The form 1099-R looks just like a W-2. It shows the gross...

Answered 1/31/2009 | Answer This | 1 Answer | See Question

401K early withdrawl

I lost my job and took an early withdrawl on my 401K. I know that it is taxed by the Federal Goverment along with a 10% charge unless used for medical reasons, but does the state of MI count that as taxable income?...

Answered 1/31/2009 | Answer This | 1 Answer | See Question

Individual 401k - solo 401k - sep ira?

I've recently become self employed and have a 401k at my old job. I just started doing research on self employed retirement plans like the SEP IRA and individual 401k. I found some good information about them...

Answered 11/20/2006 | View Answer | 3 Answers | See Question

Individual-401k's offering bear (short) funds?

I have some money in an Individual (or "Solo") 401k plan, and I'm now intent on investing it in one or more Bear Funds. My plan (Enterprise Funds) doesn't offer any Bear Funds. I'm therefore...

Answered 7/5/2006 | View Answer | 2 Answers | See Question

Is individual 401k max based on w2 wage or net income?

I started an "S-Corp" this year. I am the only employee. I paid myself a salary of $55,000, but I estimate another $65,000 in net profit for a total income of $120,000 this year. I have an individual...

Answered 12/17/2007 | View Answer | 3 Answers | See Question

How to contribute to individual 401k?

How does the indivdual 401K work? It's for self-employed folks like me with no employees and other limitations. I don't understand the contributions. I swear that I read one portion happens by year-end...

Answered 4/11/2007 | View Answer | 3 Answers | See Question

When is the limit to contribute to an individual 401k: before tax year end or before tax due day?

Answered 10/30/2006 | View Answer | 7 Answers | See Question

What is the best (and lowest cost) brokerage for an individual roth 401k?

Many brokers (such as Fidelity, Scottrade, and ETrade) offer solo 401K (for self employed) but do not allow Roth contributions. I checked Schwab and talked to a rep. He said Schwab does not offer a Roth individual...

Answered 4/27/2008 | View Answer | 1 Answer | See Question

Business startup money? plan to use 401k or individual account?

All, I am 27 and I would like to have the opportunity to quit my job when I'm around 40 to do consulting work. I have a 401K and Roth IRA. I've been plunking a lot of cash into these. Since I want to...

Answered 11/5/2007 | View Answer | 7 Answers | See Question

Can an individual contribute to roth if his annual salary is at $100,000 but he contributed $15,000 to 401k?

A single perosn's annual salary is $100,000, he contributed $15,000 to his 401K. Can this individual still contribute to his roth or has he already max up the $95,000 limitaion? Genuine reply please, thank...

Answered 4/5/2007 | View Answer | 1 Answer | See Question

Can i contribute to individual roth ira and 401k roth ira at the same time ?

I've contributed the maximum allowed for the 401k roth ira ($15500). Can I contribute another ($4500-$5500?) to an individual roth ira account? Or any other individual ira account in the same year?

Answered 1/10/2007 | View Answer | 3 Answers | See Question

Investing in 401k, then roth, then individual account?

I invest into my 401k, then Roth, and then my individual investing account. The reason why I don't lump the leftovers back into my 401k is because I would like to invest long-term but be able to access the...

Answered 4/14/2008 | View Answer | 4 Answers | See Question