Tag Archive | "Owed"

In My Case, Can I Take The Owed Taxes From The Roth Ira To Pay The Taxes Due Without Incurring Penalties, Etc?

Saturday, February 6, 2010

3 Comments

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 [...]

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What Determines My Taxes Owed For The Year?

Saturday, January 30, 2010

5 Comments

This year I owe 1300 and I was wondering if someone could break the whole taxes owed thing down for me- why do I owe? Did I not pay enough in taxes throughout my work year?

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What Taxes Are Owed On Income Received From A Natural Gas Lease?

Thursday, December 3, 2009

3 Comments

I will receive a check from a natural gas exploration company to extract gas from land that I own the mineral rights to. What percentage will be owed in taxes? Do I need to prepay the tax to the government, or can I wait until I file my 2007 tax return?

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