Saturday 23 June 2012

Your Questions About I Can't Pay All Of My Taxes

Richard asks…Do I have to pay taxes on the capital gains/divs my Roth pays me each year, if I am re-investing all the moneyI have chosen to have all of this money go right back into the Roth IRA. I can't figure out if I am supposed to claim the cap. gains and dividends or not? Thanks!admin answers:No.

That is one of things that is nice about an IRA. You don't pay taxes as the account grows.Robert asks…Business tax question: Do I pay taxes for work done for an overseas company?I'm a

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