It's "t" time: Exceptions to the 10% Addition to Tax on Premature Distributions from IRAs and Plans

Published: May 12, 2006, 11:52 p.m.

b'Taxpayers who take distributions from retirement plans prior to attaining age 59 1/2 have to deal with a confusing set of rules of which distributions are and are not eligible to escape the 10% addition to tax under \\xa772(t).\\xa0 Two recent cases illustrate both the traps that exist for the unwary and how a taxpayer managed to convince the Tax Court he qualified for an exception from the penalty despite IRS arguments to the contrary.

The materials for the podcast can be downloaded from http://edzollars.com/2006-05-13_Premature.pdf.

The podcast is sponsored by Leimberg Information Services, located on the web at http://www.leimbergservices.com.

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