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    Parisian's Avatar
    Parisian Posts: 2, Reputation: 1
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    #1

    Oct 10, 2010, 08:14 AM
    401k withdrawal by non-resident alien
    I am a non-resident alien aged 62, living in Europe and working for a US company. I have never lived in the US or paid tax there. Up until 2002 I was on the company's US payroll, and I have a 401k. Since then, I have been "localized" in France on a local payroll. I plan to retire in 2003. Will I have to pay 20% withholding tax if I withdraw the 401k amount in a lump sum? What are my options to reduce the tax bite?
    guran2's Avatar
    guran2 Posts: 13, Reputation: 1
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    #2

    Feb 8, 2011, 03:45 PM

    You have no options, the withdrawal will be added to your french income and you pay french taxes for your total income.
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