I HAD TO WITHDRAW FROM MY 401K IN 2016 TO PAY A 2014 TAX BILL. CAN I REPORT IT AS A TAX LEVY?
No, that is not a tax levy. From IRS.GOV: "A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a claim used as security for the tax debt, while a levy actually takes the property to satisfy the tax debt." See the following for details: http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Levy
I HAD TO WITHDRAW FROM MY 401K IN 2016 TO PAY A 2014 TAX BILL. CAN I REPORT IT AS A TAX LEVY?
No, that is not a tax levy. From IRS.GOV: "A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a claim used as security for the tax debt, while a levy actually takes the property to satisfy the tax debt." See the following for details: http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Levy
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