Not your question?
Ask your question
View similar questions
Add your answer here.Check out some similar questions!
Penalty for 401K cash-out
[ 4 Answers ]
I recently cashed out a 401K. The holding company withdrew 20% for federal taxes, as well as an additional penalty. Will I be required to pay any additional taxes or penalties on this in with 2006 taxes (i.e. state income tax)? Are there any forms or paperwork I should be aware of? Thanks in...
401k penalty
[ 2 Answers ]
First time homebuying classifies for the non pentalty right? How do they tax, before you receive it or add it to your yearly income come tax time.
401K Penalty and Tax Question
[ 11 Answers ]
undefinedLast year when I left my job I took my 401K money in the amount of $9850. I realize I have to pay taxes on this in the amount of $1174 (from tax table) and a penalty (I am unsure of the amount). (Is this penalty after tax?) I have listed this on my 1040A line 11a as an "IRA Distribution"...
401K Distribution penalty
[ 3 Answers ]
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...
401k tax & penalty
[ 1 Answers ]
The company I worked for closed April,2005 and we were given our entire 401k balance. I have no plans to roll this over. I have placed 30% into a savings acount because I know I must pay 20% tax and 10% penalty. My question is: Is the tax and penalty due now or can they both be done at tax... View more questions Search
|