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required interest rate plus extra for withholding

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Last Updated On
ByBev

L1: required interest rate plus extra for withholding My trustee will be withholding 20% tax from my planned SEPP distributions once I set up the plan. Would it be justifiable to add an additional 20% of the interest rate I’m allowed to use (120% of the midterm AFR)? For example if this rate is 3.5%, an additional 20% would total 4.2%.
Thanks 2003-06-10 12:22, By: Bev, IP: [127.0.0.1]

L2: required interest rate plus extra for withholding No it would not. Your particular tax circumstances are yours & yours alone; the interest rate maximum is set by RR 2002-62.
TheBadger
wjstecker@wispertel.net
2003-06-10 12:28, By: TheBadger, IP: [127.0.0.1]

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