Cancelled and reissued qualified plan distribution checks, particularly to decedents, should be monitored for payment in light of the Internal Revenue Service’s repeated refusal to repay withholding ...

Earlier this year, the IRS issued a revised Form W-4P (Withholding Certificate for Pension or Annuity Payments) and a new Form W-4R (Withholding Certificate for Nonperiodic Payments and Eligible ...

The retirement industry can still make big strides to help participants realize tax-advantaged strategies when taking plan distributions. Offering workers a strong retirement savings plan is key to ...

The IRS has answered some frequently asked questions (FAQs) related to distributions from retirement plans, IRAs, and retirement plan loans for individual taxpayers impacted by federally declared ...

Internal Revenue Code Section 72(t)(1) imposes a 10% additional tax on most distributions from retirement plans and individual retirement accounts before age 59 1/2. However, there are various ...

After contributing money to your retirement plan for several years, you will eventually have to take out some of that money. These distributions can go toward living expenses, a new home or any other ...

If you are under age 59½ and take a distribution from your 401(k) plan, IRA, or similar tax-favored retirement account, that distribution is subject to an extra 10% tax (often referred to as a ...