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25% Excise tax waived right?


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That's how I read it.  CARES 2202(a)(1) states:  "Section 72(t) . . . shall not apply to any coronavirus-related distribution."  Subsection (t) includes its paragraph (6), the 25% tax on a too-soon distribution from a SIMPLE.

 

Peter Gulia PC

Fiduciary Guidance Counsel

Philadelphia, Pennsylvania

215-732-1552

Peter@FiduciaryGuidanceCounsel.com

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  • david rigby changed the title to 25% Excise tax waived right?

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