What is a permissible withdrawal?
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Permissible Withdrawals
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 tututaber |
Permissible Withdrawals |
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Posts: 15 (02/01/08 18:18:33) Contributing Member |
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tututaber |
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Posts: 16 (02/12/08 06:16:14) Contributing Member |
I found two links about Permissible Withdrawals and know what they are...
http://www.irs.gov/pub/irs-tege/se110707.pdf http://www.tri-ad.com/pdfs/Auto_Enroll_07.pdf I still have a question though, according to the two links above, Permissible Withdrawals of pre-tax Elective Deferral should be taxed when returned to the participants who opt out of the plan, which only makes sense, BUT I work for a financial institution and my co-workers are saying that P/W of pre-tax Elective Deferral should NOT taxed; am I missing something? |
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DCK101 |
Permissible Withdrawal Taxation | ||
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Posts: 331 (02/13/08 19:05:06) Elite Member |
So what do your co-workers reference to support their position that such withdrawals are not taxable?
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tututaber |
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Posts: 17 (02/14/08 19:21:53) Contributing Member |
I've asked that, and they told me that that's what the Compliance department told them. I will further investigate this.
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