Jtang7681
New Member

how to handle 401K default

Hi guys

 

I got a letter from IRS for tax penalty of my 401k load defaut in 2018, I changed my job, called 401k for any option about my loan, but the guy didn't give correct solution. It's my fault, but now I have paid off 401k loan balance.

Please please help how can I don't pay the tax penalty? it's too high to affordable.

Thanks a lotin advance.