Tax Law (Questions About Taxes)/Expert Profile


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Expertise

Preparation of individual income tax returns including social security, pensions, lump sum distributions, sale of personal residence, stock and mutual fund sales, distributions from individual retirement accounts, moving expenses and itemized deductions. General knowledge of schedule C for small sole proprietorships. No experience in corporate, estate, partnership or large business returns.

Experience in the area

9 years as tax preparer for major national firm.

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    K = Knowledgeability    C = Clarity of Response    T = Timeliness    P = Politeness
UserDateKCTPComments
Nick11/07/0910101010Hardly seems fair, but thanks Carole!
Thelma11/06/0910101010 
Stephen11/03/0910101010Too bad the expert is too professional .....
Andrey11/02/0910101010Thanks a lot for a clear and .....
Dean10/31/091010 

Recent Answers from Carole Dunton

2009-11-06 401K:

Hi, If you withdraw money from a 401(k) you will pay ordinary income tax, at whatever rate your total income, deductions and exemptions dictate. If your state has a state income tax, you will pay that

2009-11-02 401k:

Hi, In order to avoid tax you have to roll the 401(k) to a Traditional IRA or another employer's qualified plan. There are exceptions to the penalty. They are (1) distribution made to an employee

2009-10-31 Optimize Moving Package:

Hi, If the income is reported to you and you take the moving expense adjustment to income, you can only deduct the cost of moving you and your family and your belongings and overnight stops along the

2009-10-28 taking care of mother:

Hi, She can pay you with a W2 and withhold social security and medicare and pay her share of social security and medicare by filing a Schedule H with her tax return. She can also withhold Federal Income

2009-10-27 capital gains on sale of inherited land:

Hi, You will pay long term capital gains tax on your gain. Your gain is the difference between the sale price and the fair market value on the date of death of the person from whom you inherited it

 

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