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Level 2
posted Jun 1, 2019 1:19:11 PM

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

Would it include payment in the current tax year to close out an IRS audit for a previous year?

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1 Replies
Level 15
Jun 1, 2019 1:19:12 PM

No it would not.

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