What is the definition of Substantially Equal Periodic Payments? Date: May 17th, 2019 By: Tracy Categories: General Information Read More
Q. If the 10% penalty is $2,000, can your tax be lower than $2,000 if you had enough deductions?? Date: May 15th, 2019 By: Tracy Categories: FAQs Read More
Q. What is the maximum interest rate that can be used? Date: May 15th, 2019 By: Tracy Categories: FAQs Read More
Q. Does anyone know of any actual cases where someone accidentally broke their 72t and were caught by the IRS? What were the actual penalty percentages? Do they ever give someone a break and let them fix it if possible? Do they ever waive the penalties and interest? If someone was taking 72t withdrawals for 7 years and then switched to the MD method and calculated wrong and withdrew $100 too much would the IRS actually charge $100,000 if that was what the interest and penalties would come to? Date: May 15th, 2019 By: Tracy Categories: FAQs Read More
