Early distribution IRS penalty

When my husband and I bought our new home in 2005, we both withdrew money from our 401Ks. I took $5,693 of which they took 20% in federal income tax withheld and he took $8,000 of which they took 10% in federal income tax withheld. They are now coming back to me and saying we both owe the 10%...

I was brain storming and trying to figure out a way to avoid an early payoff penalty on my auto loan. I have a little over than $1,000 left on the balance of the loan, and if I payoff before November 2008 I incur a penalty. The actual maturity date is not until May 2009. I was thinking if...

I took a 401K withdrawal to pay for daughters college. I paid it back while employed. I changed jobs and I was issued a 1099-R as income from the unpaid balance of the original withdrawal. Question is: Can the 10% penalty be waived for early withdrawal from 401K or is relief only applicable...

I had no choice but to take a hardship withdrawal from my 401K after being let go by my employer. It was a difficult time also having been displaced by a house fire and having to rebuild our home and pay for a portion of our alternate living expenses not covered by the insurance company. Being a...