The Tax Blotter: Sept. 2020
Generally, if you make withdrawals from a traditional IRA before age 59½, you must pay a 10% penalty tax, in addition to the regular income tax. However, the tax law has created a number of special exceptions.
Original Article Source Credits: CPA Practice Advisor , https://www.cpapracticeadvisor.com/
Article Written By: NA
Original Article Posted on: Sep 16th, 2020
Link to Original Article: https://www.cpapracticeadvisor.com/tax-compliance/news/21154482/the-tax-blotter-sept-2020