Featured Jobs
Retirement Plan Administrator (TPA) Retirement Plan Consultants
|
Retirement Plan Legal Specialist Pentegra
|
Pentegra
|
Jr Retirement Plan Administrator/ Administrative Assistant Hochheiser Deutsch & Co, Inc.
|
Retirement Plan Documents Specialist Loren D. Stark Company
|
Compass Retirement Consulting Group, Inc.
|
Retirement, LLC
|
Employee Benefits and Executive Compensation Associate Attorney Verrill
|
Trucker Huss, A Professional Corporation
|
Retirement, LLC
|
Bates & Company
|
Carpenter Morse Group
|
Retirement Plan Relationship Manager ERISA Services, Inc.
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
 |    |
<< Previous news item | Next news item >>
| Plan Refuses to Withhold Federal Income Tax from My Distribution BenefitsLink Message Boards  Jan. 12, 2021 "My employer's plan is terminating and I'm taking a small cash distribution and rolling over the rest to an IRA. My employer will NOT take federal withholding taxes from the cash portion. Isn't this required when taking a distribution? Is there any repercussion for not taking the withholding? I guess I could up my deduction each pay to make up for it so I don't owe it all at the end of the year." |
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above). |
| An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified). |
