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How to avoid the 10% additional tax on early retirement distributions Logo aicpa

  Jillian K. Poyzer, CPA, and Timothy R. Yoder, C... |   Free |   AICPA |   01 Jan 2016 |   Journal of Accountancy

Clients should be encouraged to save for retirement without worrying they may not have the liquidity they need. This article details how to help them get money when necessary without incurring the onerous 10% tax on early withdrawals.

Topics covered:
  • Tax: Technical: Individual income taxation : Reporting & filing requirements, Intermediate
  • Tax: Technical: Individual income taxation : Specialized issues, Intermediate
  • Personal financial planning: Technical: Retirement planning: Withdrawal & distributions, Intermediate