llamber2
New Member

I took a disbursement from my 401K earlier this year and did not withhold enough Federal. I know I am going to owe. I have the money and want to pay now. Is there a way?

I know about the 10% penalty and know in detail my tax liability. I have the money set aside and would rather pay the shortage now than I would increase my withholding by $600 each pay period from now till year end.