Retirement tax questions

If I understand your question correctly, you want to close an IRA account, but not sell off any assets.  You would like to pay the tax on the withdrawal by increasing your withholdings from your paycheck.

Yes, you can do that, just make sure you have enough withheld.

You will have to prepare and present your employer with a Form W-4.

In step 4 there is an option to have an additional amount taken out with each pay period.

You can use this section to withhold the additional amount.

If this does not completely answer your question, please contact us again and provide some additional details.