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  • Unregistered
    #1

    disabled

    If client can get his physician to fill out and sign the form that is included in the Sch R directions regarding "permanently and totally disabled" do you see any problem with me removing the 10% penalty of $14,000 from his return on 401K and IRA withdrawls (1099R's)?

    Thanks
    Tags: None
    • Brian EA
      Senior Member
      • Dec 2005
      • 786
      #2
      No ,Not at all.
      Everybody should pay his income tax with a smile. I tried it, but they wanted cash

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        • jainen
          Banned
          • Jul 2005
          • 2215
          #3
          starting date

          That would probably cover it. The IRS has not given any guidelines on supporting the exception. Note that the doctor must show a starting date--only distributions after the disability began would qualify.

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