 What if I wasn't always self employed with the LLC, am I eligible then for unemployment comp? |
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 Income question -- property exchange? |
| If the value of your land is $260,000 and rather than selling for the amount, you exchanged it with another property. If the property exchanged was worth $230,000 and received cash for $30,000, ... |
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 how old to be eligible for tax return? |
| im 17 and wirks at mcdonalds
how much do i get back
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| what is this page all about ?
i am a little confused..
do i need to fill in all this information
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 Exceeded Flex Benefits allowance? |
| I have a flex benefits plan at work, Section 125....I under estimated my medical / dental expenses by about $1000. Is there a way I can still deduct these? I do not itemize.... |
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 Refunds at modells? |
| Hey, my uncle just bought this weird jacket for me at modells, it cost 40 dollars and i dont like it one bit. is it possible to get a refund at modells?
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 Tax, Annual return, Pre tax for Australia? |
| I have a few questions to ask you people... plz help me!
1. How much tax do Australia take in percentage?
2. How much annual return do I get from retirement money in percentage? In other word ... |
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| Example: if I buy a laptop and the IRS depreciates it for 5 years, but you end up buying a new one every year whats the point of deprciation on items such as this?... |
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 marraige and taxes? |
| I was considering getting married in early January. However me and my fiance talked about it and would be willing to get married in December if it would mean that those 2 weeks would allow us to file ... |
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 Question regarding Taxes? |
| When are we supposed to get our W2 Forms back from our employee's??
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TOM W | is there a place that will cash out my pencion? |
along the lines of an annuity or settlement. |
 
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Hank Roitman, EA
 |
Pensions most likely are paid in the form of an annuity ( or some variation thereof) so forget that. Youll end up paying a middleman to give you what you already have.
Now as far as cashing out, if you have not yet begun to receive payments you may be eligible for a lumpsum payout. Of course, it will be fully taxable now at a higher rate than if you take it over several years.
If your pension has been annuitized already, that is you have begun receiving payments for your life expectancy, you may have a hard time finding anyone willing to cash you out based on your health. And even if you do, count on a terrible deal from your side because of the risk they will incur.
Besides that problem, you have the fully taxable now issue here also. On top of that, what do you plan to live on once the cash is gone.
Unless there is more that you have not told us, such as you have 6 months to live this is not a good idea any way you look at it. |
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DeeDee
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there are places advertised on TV (some law firms) that will "buy" your annuity or settlement and give you cash. They will keep almost half as their fee, but you will get an instant cash settlement instead of an annual payment. |
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Judy
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You sometimes have the choice when you retire to cash out your pension. If your plan doesn't have that option, then you can't. It depends on your plan, so ask your employer.
If you take payments, then your employer or pension plan holder with most likely buy an annuity for you and the monthly payments will be made from there. |
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newjerseyguy
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No sure I understand you. Essentially, a pension is an annuity. |
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