IRS Tax Debt and 401Ks – Don’t Take Out What You Can’t Cover
There are several reasons why you might take money from the 401Ks early: maybe you needed it for a down payment on a house, or maybe you just needed it to help pay the bills because you were going through a rough time. Whatever the reason may be, you probably walked away from the situation long ago, thinking nothing of it. But now you're getting letters from the IRS saying that owe thousands of dollars in taxes. What could they possibly be talking about?Filed Under Earned Income Tax Credit | Comments Off
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