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Tag Archives: 10 percent

*Tax Quips, 401K, Exceptions to Penalties, Interest Expense, IRS Notices, Penalties

Extra IRS Taxes Plus

Posted on January 27, 2014January 27, 2014 by TaxMama

Today TaxMama® hears from Wayne  in the TaxQuips Forum, with this question.  “I received a notice from the IRS that my 2011 tax return did not include a withdrawal from my 401k. So I had to pay roughly $3,500 in taxes and penalties for this omission by my tax preparer. Is this $3,500 payment deductible […]

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Posted in *Tax Quips, 401K, Exceptions to Penalties, Interest Expense, IRS Notices, Penalties  |  Tagged *Tax Quips, 10 percent, 1099-R, 1099r, 401, best, Business, Deductible, early withdrawal penalty, economics, Finance, fiscal follies, Free, Internal Revenue Code, Internal Revenue Service, IRA, IRS News, jokes, Money Funnies, Rollover, Tax, tax answers, tax blogger, tax humor, Tax Information, tax jokes, tax podcast, tax preparer, tax questions, tax tips, tax writer, TaxMama, terrific, top, USD 2 Comments
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