What is the name of your state (only U.S. law)?
california
My husband took 30,000 from his 401k. with no intentions to pay back into his 401k,
He was going to count it as income and be taxed on it . since than we have separated, and he wants me to allow him to take more from the 401k so he can pay the taxes. Can you tell me if can he pay on just the 30,000 for this quater, sept 15-08. Or does he have to add the 30,000 with his income and pay taxes at the regular tax time. And can you tell me what would the the taxes be for amount of 30,000 if it was paid by sept 15-08.
Thank Y
ou
Barstow
california
My husband took 30,000 from his 401k. with no intentions to pay back into his 401k,
He was going to count it as income and be taxed on it . since than we have separated, and he wants me to allow him to take more from the 401k so he can pay the taxes. Can you tell me if can he pay on just the 30,000 for this quater, sept 15-08. Or does he have to add the 30,000 with his income and pay taxes at the regular tax time. And can you tell me what would the the taxes be for amount of 30,000 if it was paid by sept 15-08.
Thank Y
ouBarstow