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72q2

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ByBob

L1: 72q2I have been receiving SEPP payments from a non qualified annuity since 1999.The IRS now want’s to charge me the 10% early withdrawl penalty. This is because the insurance co.’s 1099R box seven has a1 instead of a 2.They claim since the IRS has been ambiguous on 72q that’s all they will furnish. Do I have to file a form 5329 for 99-04 or simply a letter of explanation?2004-06-09 12:34, By: bob, IP: [207.69.140.33]
L2: 72q2I”m surprised that they waited this long. First step is to contact your accountant/tax advisor and get his/her advice.
One thing for sure, you should also find any and all documentation regarding your SEPP – especially dated material and evidence that the plan was in compliance when it was implemented and that the plan was followed from 1999 forward.
Good luck 2004-06-10 10:36, By: Gfw, IP: [172.16.1.71]

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