IRS Tax Relief » Incurring http://irstaxreliefsite.info Individual & Small Business Tax Advice Tue, 13 Jul 2010 02:34:43 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 In My Case, Can I Take The Owed Taxes From The Roth Ira To Pay The Taxes Due Without Incurring Penalties, Etc? http://irstaxreliefsite.info/in-my-case-can-i-take-the-owed-taxes-from-the-roth-ira-to-pay-the-taxes-due-without-incurring-penalties-etc/ http://irstaxreliefsite.info/in-my-case-can-i-take-the-owed-taxes-from-the-roth-ira-to-pay-the-taxes-due-without-incurring-penalties-etc/#comments Sat, 06 Feb 2010 15:49:43 +0000 admin http://irstaxreliefsite.info/in-my-case-can-i-take-the-owed-taxes-from-the-roth-ira-to-pay-the-taxes-due-without-incurring-penalties-etc/
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    • Related posts brought to you by Yet Another Related Posts Plugin.]]>     I converted a Traditional IRA to a Roth IRA. The federal taxes were withheld – all is well with that (I think). The state taxes were not withheld. Now I owe the state a bunch of money. Can I take the owed amount (or less) from the Roth IRA to pay the taxes due without incurring penalties, etc? Would this be considered a “premature withdrawal”?

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    1. What Taxes Are Owed On Income Received From A Natural Gas Lease? I will receive a check from a natural gas exploration...
    2. I Have Paid State Taxes In More Than One State This Year. How Do Take Care Of The Situation? I have NM state taxes withheld from my pension. This...
    3. What Determines My Taxes Owed For The Year? This year I owe 1300 and I was wondering if...

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