• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

early 401K distribution

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

mk98

Junior Member
I took an early 401K withdrawal in 2008. I thought I read that I had 5 years to pay the taxes on this money and now the IRS is telling me to pay up now. Am I wrong and how can I avoid/mediate a 35K debt to the IRS?
 


tranquility

Senior Member
You are wrong.

See a specialist in offers in compromise and installment agreements. irsos is good with this. Wait for what he says.
 

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
data-ad-format="auto">
Top