Does the 401(k) Early Withdrawal Penalty Fall Off After 10 Years?
Manage episode 422187546 series 3408626
You made the decision over to take money out of your 401(k) early and got hit with the 10% additional tax (A.K.A. "the 401(k) early withdrawal penalty") on Form 5329. Does this penalty fall off after 10 years just like other tax debt? I get into it in this episode!
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Mentioned Video Link:
-IRS Statute of Limitations on Collections Explained in Full by a CPA: • IRS Statute of Limitations on Collect...
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