Get Answers About 401k Distribution

Refund of Withholding from 401k distribution Made in Error

Participant had fraudulant activity on his account. Someone else requested a distribution of his 401k funds. Federal tax was withheld in 2008. It was deemed in 2009 that the signature was a forgery. The participant's...

Answered 12/8/2011 | Answer This | 1 Answer | See Question

401k and unemployment

Does a 401K distribution affect your unemployment benefits in florida

Asked 11/13/2011 | Answer This | 0 Answers | See Question

How do I file 401k distributions

How do I file my 401k distribution. I had 20% witheld in fed tax. Where does it go on the form etc.

Answered 10/26/2011 | Answer This | 1 Answer | See Question

Early 401k Distribution

I had pulled a significant amount of money from my 401k in 2009 to try and catch up on bills. Because to the this, I am now in a new tax bracket an find myself owing the IRS allot of money. Is there any relief...

Answered 9/6/2011 | Answer This | 6 Answers | See Question

401(k) distribution with no listed beneficiaries

I have received a request by two sons for a 401k distribution, due to death of their father, a former employee of ours, but nobody is listed as a beneficiary to his 401(K) however, the sons are benficiaries on...

Answered 3/31/2011 | Answer This | 5 Answers | See Question

Retirement plan (401K) distribution during divorce

Hi, I have filed for divorce in California. My husband has 401K plan which he has had before we got married. During our marriage, he made a huge withdrawal from the plan without my knowledge or consent. After...

Answered 1/31/2011 | Answer This | 6 Answers | See Question

A bank made a mistake and gave me a 401k distribution check instead of a roll over. Opened new CD. Can I correct

The bank gave me the balance of a 401k CD as a cash check instead of a IRA transfer. In good faith I opened a "plain" CD. Now my 1099 for 2010 lists the proceeds as income. Can I correct this, even...

Asked 1/19/2011 | Answer This | 0 Answers | See Question

401k distribution check

I was supposed to have my 401k check sent to me over 4 months ago but it was sent to my former employer who falsely accused me of stealing money from her. She is in possession of my check and refuses to send it...

Answered 10/31/2010 | Answer This | 4 Answers | See Question

Is there a legal timeline a company must follow for a 401k distribution?

I left my job 1/23/09. prepared forms for a distribution. 3 months later I was told a distribution couldn't be done until 12/31 of the year I left. January 2010 I was told it now had to be valued. March I...

Answered 5/7/2010 | Answer This | 1 Answer | See Question

How do I determine if my State of Michigan Pensions and 401K Distributions are Private or Other pension subject to Michigan T...

How do I determine if my State of Michigan Pensions and 401K Distribution are Private or Other pension subject to Michigan Tax? I retired February 12, 2009 and took distributions from my 401K on two different...

Asked 3/12/2010 | Answer This | 0 Answers | See Question

401k distribution?

I left my job and had to take a full distribution on my 401K. I intended to Rollover the funds and had the check made out to my new plan. I missed the 60 days Rollover Period and instead deposited the funds in...

Answered 2/20/2008 | View Answer | See Question

401k distribution?

Can anyone who knows about stocks help me with the distribution or know where to get help on managing my distribution of my 401k? the company i work in only matches like 50% up to 4% so that sucks. I need to balance...

Answered 12/28/2007 | View Answer | See Question

Using 401k distribution for primary home purchase, how much is taxed?

If I take out 100K from my 401K to use as a down payment for my primary home purchase, how much tax do I have to pay. Some say only 10% because it is a 'hardship' distribution. Its this true? Or is this...

Answered 7/31/2007 | View Answer | See Question

Tax question on 401k distribution?

I moved some post tax 401k money to a brokerage account (my own money I put in, no employer money). My 1099R shows the gross distribution, but as taxable amount shows zero. Is this a taxable event? The brokerage...

Answered 2/13/2008 | View Answer | See Question

I have a 401k distribution after be layed off and i want take $5000 off top to pay off car how bad tax will be

I have a 401K distribution and i want to pay off my car note because my income is fixed and i do not want to default the loan...I have at least 30k in my 401K account and I would like to take 5K from it to pay...

Answered 8/30/2007 | View Answer | See Question

How long to get 401k distribution check?

Hi, Can someone who has experience in this area tell me how long, by law does it take to receive your 401k distribution check after all the required paperwork has been submitted to your previous employer? I turned...

Answered 8/11/2007 | View Answer | See Question

Are federal and state tax rates the same for 401k distribution as ordinary income?

I read somewhere that we "might also pay state tax" on 401K distribution and wonder where the "might" happens vs. "might not". Also if 401K distribution is the main source of income,...

Answered 9/24/2006 | View Answer | See Question

How many days does a company have to comply with the 401k distribution after the sale of the company?

My company sold Sept. 1, 2007. The new owners have retained most of the employees and have offered and started a 401k plan. The problem is that we still haven't received the distribution from the old plan with...

Answered 12/6/2007 | View Answer | See Question

How much refund can i get if last year my sole source of income was an early 401k distribution?

Me: single, 28, no other source of income from 2006 other than a early distribution I got from my 401k. The amount was for $13k, of which $2.6k was withheld by IRS. Will be able to get a refund this year? If so,...

Answered 1/3/2007 | View Answer | See Question