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Does the 401(k) Early Withdrawal Penalty Fall Off After 10 Years?
Manage episode 422187546 series 3408626
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You made the decision over to take money out of your 401(k) early and got hit with the 10% additional tax (A.K.A. "the 401(k) early withdrawal penalty") on Form 5329. Does this penalty fall off after 10 years just like other tax debt? I get into it in this episode!
Do you have tax debt? Call us at 866-8000-TAX or fill out the form at https://choicetaxrelief.com/
Mentioned Video Link:
-IRS Statute of Limitations on Collections Explained in Full by a CPA: • IRS Statute of Limitations on Collect...
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