I need to move my 401k account due to my employer merging with another company. I am considering cashing it out for a down payment on a house and to pay some bills. I am 55 years old, married filing jointly, and my husband is on disability. My income is around $35,000 to $37,000, and my husband's income is about $10,000 to $11,000. How will cashing out my 401k affect my taxes, and is there any way to avoid the 10% early withdrawal penalty?

December 8th, 2024

I need copies of my 2020 W-2 and the W-2s from January 2021 to April 2021 from a former employer. I am refinancing my house and cannot find these documents. What should I do?

July 10th, 2023

Is it true that once someone hits the age of 65, that person is automatically enrolled in Medicare?

August 10th, 2024

How much authority do IRS notices have in interpreting the CARES Act for the Employee Retention Credit (ERC), and what is the risk if a tax preparer files based on the law as stated without relying on these notices?

August 27th, 2023

I didn't receive my check this month. Can you tell me why? I have been receiving benefits since I retired from the government about 8 or 9 years ago. I recently changed my checking account number because a check was stolen.

December 7th, 2023