SecondAttempt
Thinks s/he gets paid by the post
I'll start by saying that this question may be very specific to Hawaii although I think there are other states with similar approaches.
Hawaii does not tax pensions (not relevent to me) or 40?a/b/k/s that were taxed by the state when earned.
I have IRAs that were accumulated from many jobs outside the state, some from government retirement plans that were rolled out. I also have some active 40?a/b/k/s from Hawaii and other states. I am trying to figure out withdrawal/consolidation strategies. I have records but not good records for 20+ years ago when I had no inkling of being in this boat.
Hire a professional you say? I tried to hire my tax preparer, an enrolled agent but she said there was no need. The State basically uses the honor system for this and she had never heard of anyone getting audited.
Now, I'm not trying to cheat but it would be almost impossible for me to reconstruct my tax situation and retirement going back 40 years. Plus, the IRS says we can throw away records after 6 years...
So, what to do?
Hawaii does not tax pensions (not relevent to me) or 40?a/b/k/s that were taxed by the state when earned.
I have IRAs that were accumulated from many jobs outside the state, some from government retirement plans that were rolled out. I also have some active 40?a/b/k/s from Hawaii and other states. I am trying to figure out withdrawal/consolidation strategies. I have records but not good records for 20+ years ago when I had no inkling of being in this boat.
Hire a professional you say? I tried to hire my tax preparer, an enrolled agent but she said there was no need. The State basically uses the honor system for this and she had never heard of anyone getting audited.
Now, I'm not trying to cheat but it would be almost impossible for me to reconstruct my tax situation and retirement going back 40 years. Plus, the IRS says we can throw away records after 6 years...
So, what to do?