Get Answers About Self Employed 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

What do I do as a self employed nanny?

I am a nanny. I need to know how much I have to put away so I am good at tax time. I make $500 per week. I have only been doing this since September 3, and worked at a preschool for the rest of the year. I...

Answered 12/18/2007 | Answer This | 2 Answers | See Question

Deductions

I am self employed as a driver. My employment is abtained through an agency. I work at different job sites. Is the travel distance from my home to the job sites deductable?

Answered 1/24/2010 | 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

Racial discrimination

I was recently fired from my employment at an industrial company and had been employed there for 9 mths. I was working in a different dept. when moved to the dept. I was trained for just 4 weeks ago from today....

Answered 3/25/2009 | Answer This | 2 Answers | See Question

Tax fraud

I am a CPA employed by a privately held corporation which expects me to violate tax law. I am not comfortable with this and am wondering what recourse I have. Am I eligible for unemployment if I quit to avoid...

Answered 12/9/2009 | Answer This | 4 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

Self employed, needing dental coverage

A friend of mine is self employed and needs to see a dentist. How and where can they get dental coverage being self employed? Ohio

Answered 1/29/2009 | Answer This | 1 Answer | See Question

Claming my childern on my taxes

My ex wife is one hundred percent disabled from the military and in not employed there for does not file a tax return. are her grown childern allowed to clam them on their tax return if they are not providing...

Answered 1/15/2008 | Answer This | 3 Answers | See Question

Self employed, college student with va education benefits!

I get va education benefits because my dad is a disabled vietnam veteran and I am also in college full time. I am trying to figure out if my finacial aid and education benefits count as income? I am also self employed...

Answered 1/16/2008 | Answer This | 1 Answer | See Question

Miniumn wage

I am employed with a resturant here in town. I do not get paid miniumn wage. Which I think is wrong. I have people tell me to talk to her about it, but it will not work. She says she pay by what the employee...

Answered 1/20/2008 | Answer This | 3 Answers | See Question

I was employed in 2 states this year

I was employed in two states this year, TX and NY. How do I file my federal taxes? Do I need separate forms? Can I still do my taxes online?

Answered 3/4/2008 | Answer This | 1 Answer | 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

Dependents

If my teenage children are employed can i still claim them as dependents?

Answered 2/2/2008 | 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

What are the steps to rollover a 401k, will be self employed.?

I have let my 401k at my old company for the last 2 years. I think it's time to put it somewhere, but I have no idea where to invest it. Or how to start. Thanks for the help.

Answered 3/1/2007 | View Answer | 4 Answers | See Question

What is the best retirement plan for a self employed (not incorporated) person with no employees?

And by "best" I mean, which plan will offer me the best tax break now? The web sites are confusing, can I deduct 100% of my contributions to a self employed 401k?

Answered 6/8/2007 | View Answer | 2 Answers | See Question

Seeking a 401k for the self employed or small business owner?

Answered 6/8/2006 | View Answer | 3 Answers | See Question

Does any1 know about 401k plans for the self-employed?

I am a self employee for my S Corp..was looking into 401k plans for saving some $ please advice TIA

Answered 11/27/2006 | View Answer | 3 Answers | See Question

If i become self employed can i still contribute to my currrent employers 401k plan?

I have a 401k with my current employer and i'm thinking of retiring and become self employed

Answered 12/31/2006 | View Answer | 5 Answers | See Question

Can you have 401k without working for someone? self employed?

Answered 12/30/2006 | View Answer | 4 Answers | See Question

What is the difference between ira and 401k plan?

If they are about the same, why do both exist? Are IRAs for the self employed while 401K is for the 9-5 grind???

Answered 2/28/2008 | View Answer | 6 Answers | See Question

If i am self-employed and also work for an employer, can i contribute to both an se 401k & my employer's 401k?

Answered 4/24/2008 | View Answer | 2 Answers | 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

Solo 401k help?

can I open a solo 401k (I'm self employed) now...take $10k that I save last year and put it in there and reduce my taxable imcome for 2007?

Answered 2/6/2008 | View Answer | 2 Answers | See Question