Submitted 283 days ago...
I owe 16,000.00 ...HELP
I did my taxes and due to early withdraw of pension money i owe too much.I paid the penalty fees and i was left with little or no choice due to separtion of wife.I paid off my mortgage loan so that i could live with kids and be able to afford it.Is there anything i can do to lessen the amount or extend payment for a period of time?
Answer 1 / 3
Submitted 283 days ago...
Answer 2 / 3
Submitted 283 days ago...
You should hire a tax accountant or CPA to do your taxes for you. They understand tax laws and might be able to find additional deductions for you, saving you a lot of money. You can hire one for a couple hundred dollars. H&R block might not be the best, I'd find a local accountant through the phone book.
Answer 3 / 3
Submitted 161 days ago...
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My husband received money from a profit sharing plan with the company he worked for it was a cash distrubtion federal and state taxes were withheld since this money did not go into a 401k will he have to pay and...
If I withdraw my 401k to purchase a house would I still be subjected to the 10% penalty and taxes or just taxes?
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