No matter what type of annuity you purchase, it is subject to a 10 percent IRS penalty for withdrawals of growth of income made prior to age 59 . No penalty is imposed on one's principal, i.e. the money put in by the owner is the owners money.
It makes ...
Most Recent Articles For: irs penalties
Written by admin on November 28th, 2011
Written by admin on October 15th, 2011
Article by Lance Wallach
Did you get a letter from the IRS threatening to impose this fine? If you haven't already, you still may. Consider yourself lucky if you have not because this means that you have more time to straighten this situation out. Do not wait for this letter ...
Written by admin on June 29th, 2011
Article by IRS Help
There are many problems you can run into with the IRS. The following is an overview and helpful information on some of these confusing issues.· IRS Penalties· Unfiled Tax Returns· IRS Liens· IRS Audits· Payroll Tax Problems· IRS Levies· IRS Seizures· Wage GarnishmentsRS PenaltiesThe penalizes millions ...
