Guest Dan Gould Posted January 30, 2001 Share Posted January 30, 2001 We annually "liquidate" accounts of former employees. We give them a choice of receiving cash (minus the 20% withholding) or a rollover to another shelter they provide us the account information about. It is my understanding that there is a dollar amount below which it is not necessary to withhold the the 20%. What is that dollar amount? Thanks Link to comment Share on other sites More sharing options...
david rigby Posted January 31, 2001 Share Posted January 31, 2001 For federal withholding, the table starts at $200. The following link will take you to a table summarizing the state requirements. Click on State Withholding Information Sheet. But beware, it is out of date. http://www.cigna.com/professional/news/com...st/y2ksw_w.html I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice. Link to comment Share on other sites More sharing options...
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