Ask Question
10 April, 21:05

An employee requested that the balance of her 401 (k) account be sent directly to her in one lump sum. upon receipt of the distribution, she immediately had the funds rolled over into an ira. what is the tax consequence of the distribution sent to this employee?

+5
Answers (1)
  1. 10 April, 21:30
    0
    The tax consequence of the distribution sent to this employee is that the Distribution is subject to federal income tax withholding.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “An employee requested that the balance of her 401 (k) account be sent directly to her in one lump sum. upon receipt of the distribution, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers