Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 02-14-2010, 02:19 PM
kncab
 
Posts: n/a
I took money out of my 410K

I took money out of my 410K at work in 2009 I have a simple question
I took out 2500 but elected to have 55 taken out for fed tax
I wassent a form stating this
can I simply add it to my income and and fed tx witheld??



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 02-15-2010, 10:29 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,400
Blog Entries: 3
Usually, the administrator of the 401k would send you Form 1099-R a 401k distribution with federal income taxes withheld. I am really surprised that you did not receive a 1099-R in January 2010.

I would first check with your employer and request that you did not receive a Form 1099-R and would wish to receive a copy. The employer would immediately request the 401k administrator who would request this form to be sent to you with much haste, as this is a compliance issue.

Do not file your tax return until you receive this form, at least that is my suggestion!

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Eight Tips for Taxpayers Who Owe Money to the IRS Samatg For 2009 0 08-12-2009 03:12 PM
Does the IRS Owe You Money? Samatg General 0 08-06-2009 01:04 PM
moving money between business and personal texastaxpayer S-Corporation 1 03-25-2009 11:46 PM
Money owed glifetime Estimated Taxes 1 08-19-2008 10:17 PM
How to legally shift money in Corporations C brndwgnr C-Corporation 0 07-06-2008 03:36 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning