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Level 2
June 1, 2019
Question

What qualifies as an 'IRS levy' to avoid early distribution penalty from a commercial annuity?

  • June 1, 2019
  • 1 reply
  • 10 views
Would it include payment in the current tax year to close out an IRS audit for a previous year?

    1 reply

    Alumni - Champ
    June 1, 2019

    No it would not.

    It has to be a levy of the retirement plan itself, not of you.