Tax Litigation Law Office of Scott Kauffman
(949) 474-1820

Hackney Literary Award
Mighty River Short Story Contest Winner

Posts tagged "IRA accounts"

Additional taxes may apply to early withdrawals from IRAs

The economic downturn of the past few years has caused many people in California and across the country to tighten their belts and watch their budgets carefully. For some people, wages and savings were not enough to cover costs and they unfortunately had to withdraw money from retirement accounts. Under certain conditions, taking funds out of an IRA account can have tax consequences.