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: 15th May 2019 By: Tracy Categories: FAQs Read More
Q. How are my non-deductible contributions treated? Date: 15th May 2019 By: Tracy Categories: FAQs Read More
Q. I have a SEPP and have been re-employed and have earned income. Can I make a contribution to an IRA? Date: 15th May 2019 By: Tracy Categories: FAQs Read More
