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kdkshaver
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I withdrew from my 401K last year to pay my IRS taxes. Can i reduce my penalty becasue of this?

 
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I withdrew from my 401K last year to pay my IRS taxes. Can i reduce my penalty becasue of this?

Unless the IRS had placed a levy on your assets you cannot reduce your IRA early withdrawal penalty to pay your taxes. Sorry. http://www.investopedia.com/articles/retirement/02/111202.asp

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I withdrew from my 401K last year to pay my IRS taxes. Can i reduce my penalty becasue of this?

Unless the IRS had placed a levy on your assets you cannot reduce your IRA early withdrawal penalty to pay your taxes. Sorry. http://www.investopedia.com/articles/retirement/02/111202.asp

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