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L1: Attn: oldcrowBy: justshootme Date: 7/14/2002 Subject: near the bottom Dear oldcrow,After speaking directly w/the IRS I was given the following information:(1) Continue EXACTLY w/the plan you initally set-up until you no longer can take your monthly/yearly distributation.(2) It will do you no good to file the $600 PLR-the IRS will simply cite the rules of the 72t as they apply now.(3) The IRS will not come after tax/penality money if you run out of funds before the 5yr term is up (what I was told)as long as you continue until your fund is “bust”.Sad thing is you have to continue sucking up your retirement money. Write your congressman (not that it will do you any good)and make him/her aware of this travesty! By: justshootme Date: 7/14/2002 Subject: near the bottom P.S.Ed Slott-The IRS did not have any idea who Pamela F. Olson (Acting Assistant Secretary Tax Policy)was? So, that leaves the “letter” to The Honorable David Dreier from her in doubt? 2002-07-14 08:30, By: justshootme, IP: [127.0.0.1]
L2: Attn: oldcrow>> 3) The IRS will not come after tax/penality money if you run out>>of funds before the 5yr term is up (what I was told)>>as long as you continue until your fund is “bust”.Did they (or would they) put it in writing? Only because of the new final regs would the 50% penalty not be charged because there was insufficient funds in the IRA to meet the minumum distribution rules!2002-07-14 11:08, By: Gfw, IP: [127.0.0.1]

L2: Attn: oldcrowBTW – there is an old saying “Don’t believe anything the IRS tells you on the phone, but won’t put in writing”>>Ed Slott – The IRS did not have any idea who Pamela F. Olson>>(Acting Assistant Secretary Tax Policy) was? Check HERE. Look under “Tax Policy” – title was Assistant Secretary based on the website of the US Treasury.2002-07-14 11:16, By: Gfw, IP: [127.0.0.1]