Categorized | Debt and Credit tips

Can I request that the IRS levy my 401k to pay off a tax debt?

Posted on 27 January 2010 by Debt Helper

You don’t need to request it, they can do it on their own if you don’t pay what’s owed. You can also make the withdrawal on your own. The good news, there is no early withdrawal penalty if the money is used to pay federal tax you owe. See exception 10 on page 3 of the link.

 

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