Tag Archives: 401

Retirement Plan OverContributed

Today TaxMama hears from Melanie in Louisiana, who tells us, “We received a 2005 1099 R with a distribution code of P because our 401K at work was “lopsided” . The form said we should file an amended return both state and federal for 2004, which we did by April 15. Now we are receiving […]

Divorce Issues

Today TaxMama hears from Tammy in Texas who tells us, “I got divorced last October. The QDRO account is still in the process of changing over. We split the assets and debts even though I did not have a job.buy amoxicillin online www.epsa-online.org/wp-content/languages/new/prescription/amoxicillin.html no prescription I am trying to pay bills and am unable to […]

Alimony vs Wages

Today TaxMama hears from Margaret on the Internet, who has this upbeat idea. “I have been divorced for three years with good relations with my ex. We continue to work together in a small family construction business. I am wondering if, in the long run, I would be better off re-categorizing the alimony to W2 […]

401(k) Penalty

Today TaxMama hears from Don of Starkville, MA wants to know, “I was told that if you were laid off from a job and withdrew your money from your 401K, you did not have to pay the 10% early withdrawal penalty only the federal and state taxes on the money.” and Another reader remarks, “I […]