Archive for May, 2010
Ira Withdrawal Disability
May 26th, 2010
Question: IRS Offer in Compromise because I am on general assistance? Do I need to provide records of that?
All I have from the county is a computer print-out which they stamped — it’s not on letterhead. The print-out and a debit card.
I owe $388 because I took Early Withdrawal Of Ira funds due to disability. I have some disability documents
Rob, no, I am homeless and the grant from the county is $300 a month. I would have to pay the tax bill out of the welfare money — a definitive economic hardship.
Again, the question is about attaching county welfare documents to the Offer in Compromise. Will they accept the print-out with the county ink stamp on it?
Neil, no, I don’t have to pay the $150 filing fee because my only income is welfare and that is below the federal poverty line. The income levels are on the worksheet.
Answer: If all you owe is $388.00 you do not have to file an offer in Compromise. They can set up payment arrangements with you, making a minimal monthly payment, Call them at 1-800-829-1040 and they can set it up over the phone.
update,,
You can call the IRS and they can put a hardship hold on your account that will stop collection activity, you will get a yearly reminder of the debt, but it would give you the oppurtunity to pay it in the future if your circumstances change
You do not have to include a copy with it, as long as the form 656 is completed
*Amazing Girl Handicapped Artist – Ira Ace Armencion: Filipina (Here With Me – Music by: Plumb)
Posted in IRA Withdrawals | 
Tags: early ira withdrawal disability, finance, ira, ira withdrawal disability, retirement, roth ira withdrawal disability, sepp, tax | 
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Ira Withdrawal Taxes Calculator
May 26th, 2010
IRA Contribution Limits for 2009, 2010
Posted in IRA Withdrawals |
Tags: finance, financial, investing, ira withdrawal taxes calculator, retirement, tools |
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Ira Withdrawal Exceptions
May 24th, 2010
Question: Which online mutual fund broker?
Hey all ,
I’m a complete noob at any investing. I do have a complany matched 401k, but that’s it. I’m wanting to invest in mutual funds through an online broker that has no minimum investment, and automatic investment withdrawals from bank account. I’m wanting just general savings options, not IRA or other retirement accounts. thanks …. There are several no minimum account brokers out there, but I don’t see any options for automatic bank withdrawal investing. Maybe sharebuiler.com being the only exception.
Answer: Almost all will have some kind of automatic investment program. You just have to look hard. I work with Vanguard and Schwab. I have my IRA money at Schwab and my taxable money at Vanguard. Vanguard accounts typically have a $3,000 minimum. I suggest that you start with a bank savings account until you accumulate $3,000 then continue with a Vanguard account. Vanguard’s minimum is per fund so you start with one fund then add more each time you accumulate another $3,000. You can also use life style funds in which case you only need one fund.
www.vanguard.com
Paramore: The Only Exception [OFFICIAL VIDEO]