DAVID S. BABOIAN, CPA, PC

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2/14/2016

February 14th, 2016

Read Now
 
TAX TIP OF THE DAY...  MC Hammer says "Can't touch this".

Early retirement distributions are a bad idea.  The tax law penalizes you severely for not waiting.  

Look for other options for cash...  loans from your 401k (tax-free), home equity loans, family loans, slow down spending.  If no other options exist, consider pulling out only 1/2 of your original early distribution plan.  Can you delay your cash needs?  It's the perfect time to call your tax advisor to help with possible exceptions and to help you strategically plan which account to pull the funds from.

​It's not a good situation, but a tax advisor can help you minimize the damage.    


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If you need a tax appointment... www.baboiancpa.com

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  • Home
  • Services
    • What we do
    • Are we right for you?
    • $99 Jump-start
  • Client zone
    • Individual clients >
      • Identity Theft - IRS Affidavit
      • Personal Financial Statement
    • Business & rental clients >
      • Example expenses
      • Mileage log
      • Petty cash log
      • Sales tax
      • W9 for subcontractor
      • Example Profit & Loss
      • Obamacare Self-employment Ledger
    • Payroll services >
      • Employee paystub portal
      • EMPLOYER set up forms
      • EMPLOYEE set up forms for new hires
    • Web Links
  • About us
    • Contact
    • Our team
    • Dave's resume
    • Dave's bands
    • Haunted Chamber
    • Picture gallery
  • Secure email