Tax Relief with Logan Allec, CPA

← Tax Relief with Logan Allec, CPA21 sep · 5 min

401(k) Early Withdrawal Penalty: What If You Can't Pay?

401(k) Early Withdrawal Penalty: What If You Can't Pay?21 sep5 min

Do you owe at least $10,000 in back taxes? Book your FREE consultation with Choice Tax Relief by calling 866-8000-TAX or booking here: https://choicetaxrelief.com/free-tax-... My team can help you understand your options for a tax bill you can't afford. Free. No obligation. No judgment. Cashed out your 401(k) and now owe a tax bill you can't afford? A withdrawal can trigger income tax plus a 10% early-distribution tax. In this video, I respond to someone who withdrew about $38,000 after a l...