How to avoid the 10% additional tax on early retirement distributions
By: Poyzer, Jillian K [author]
Contributor(s): Yoder, Timothy R [author]
Language: English Set: How to avoid the 10% additional tax on early retirement distributionsCopyright date: 2016 In: Journal of Accountancy Vol. 221 Issue 1: (January 2016), pages 47 - 53Summary: The article discusses ideas for accountants on how to help their customers avoid the 10 percent additional tax on early retirement distributions in the U.S. Discussion on how the 10 percent additional taxation was applied on both qualified plans and individual retirement accounts (IRAs), as well as the exceptions available to both program is provided. The need for financial advisers to discourage customers from withdrawing money from their retirement accounts to avoid the tax is emphasized.| Item type | Current location | Home library | Call number | Status | Date due | Barcode | Item holds |
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The article discusses ideas for accountants on how to help their customers avoid the 10 percent additional tax on early retirement distributions in the U.S. Discussion on how the 10 percent additional taxation was applied on both qualified plans and individual retirement accounts (IRAs), as well as the exceptions available to both program is provided. The need for financial advisers to discourage customers from withdrawing money from their retirement accounts to avoid the tax is emphasized.
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