Write Financial » United States

How much is the pension of a government worker that has worked 30 years monthly allotment anybody know?

admin — Sat, 27 Aug 2011 01:48:39 +0000

fred asked:

curious how much a government employee on a pension makes every month?
american government, or state?
Just a ballpark figure.

How does pension reflect in a W-2 form and how is it different from 401(k) etc?

admin — Tue, 07 Jun 2011 05:17:37 +0000

sng2350 asked:

Where does pension appears in the W-2 form. Which Box within W-2 form will it appear? Does the pension has to be deducted for social security and medicare tax? Is pension a part of 401(k) and other retirement plans?

Is a lump sum pension payment considered ordinary income?

admin — Mon, 13 Dec 2010 04:07:45 +0000

Dave asked:

I got a pension payment for $2,500 it was federally taxed $500.
When i do my taxes next year will my retail pension lump sum fall under regular income with the rest of my regular pay?
I am 30 yrs old so i know i will already get taxed 10% extra.

How will I get a 1099 from a bankrupt company?

admin — Mon, 29 Nov 2010 16:52:53 +0000

Alex asked:

I worked as a contractor for a bankrupt company in 2009. How will I get a 1099 from that company. All invoices were paid by the company, none by the trust.

Can personal loan interest be tax deductible if you use the loan to buy property?

admin — Mon, 21 Dec 2009 18:57:50 +0000

gabyrig asked:

If you get a conventional mortgage, your interest is tax deductible. If I take out a personal loan to buy my primary residence, can I deduct interest from that personal loan when I file my taxes?

Thanks.

Own stock in company that has gone bankrupt?

admin — Sun, 06 Dec 2009 17:48:09 +0000

Codewzrd asked:

I bought stock in a company in 2000. The company went bankrupt in 2001. I still have the stock in my brokerage account. Can I still claim capital loss on those shares in this year’s tax return?

Does having a foreclosure and not paying your property taxes affect US citizenship application?

admin — Wed, 02 Dec 2009 21:16:21 +0000

Jorge L asked:

I have not been able to pay my house for the past six months, it went into foreclosure and know I got to pay Property Taxes but I dont have the money either. Could all of this affexct my ability to get my citizenship.

Is a loss from a personal loan the same tax category as a loss from stock investments?

admin — Tue, 03 Nov 2009 13:59:58 +0000

Jan R asked:

I loaned a friend some money several years ago to help start a business, and the business failed and I was not repaid for the loan. I also, the same year, had losses from other investments (in the stock market). My understanding is that I can only deduct $3000 in investment losses for that year. Is the personal loan in the same category as the other investments — in other words, does it count as part of the $3000 limit? Or is there a way I can claim that loss separately? Thanks!

How can I get my $488 back from the IRS on a bankrupt 401K?

admin — Thu, 22 Oct 2009 05:06:49 +0000

jim d asked:

Last year the company I worked for went bankrupt. We were given a check for our 401K and told to invest it in an IRA within 60 days to avoid paying income tax, which I did. When I did my 1040 I noticed the IRS took $488 as income tax. I phoned the IRS but no luck. How can I get my $488 back from the IRS on a bankrupt 401K?

Can a mortgage company file a 1099 when you are in default without a summary jugement?

admin — Fri, 17 Jul 2009 02:57:07 +0000

mexlin asked:

We are residents of Texas and the property in foreclosure is in Delaware. Second mortgage holder is threatening to file a 1099.