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Thomas Hershal West

Thomas West’s Legal Guides

1 total

  • Avoiding 10% Penalty Tax for Early Withdrawal of IRAs

    IRAs and Early Withdrawal Penalty Tax If you have a traditionalIRA, you know that you cannot withdraw money from it until you become age 59 1/2, or you must count the entire amount as income. You also must file Form 5329 with your tax return and pay a penalty tax of 10% of the ea...

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