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Technical

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

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

Withdrawal & distributions
Intermediate
Article

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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

Technical

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

Comments/Reflections

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