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Mandatory income tax withholding of 20% applies to most taxable distributions paid directly to you in a lump-sum from employer retirement plans regardless of whether you plan to roll over the taxable amount within 60 days.
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www.irs.gov/taxtopics/tc412.html
www.irs.gov/taxtopics/tc412.html
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A lump sum distribution is the distribution or payment, within a single tax year, of an employee's entire balance from all of the employer's qualified plans of one kind (pension, profit-sharing, or stock bonus plans). If the employee has mo...
http://www.wwwebtax.com/income/lump_sum_distributions.h...
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LUMP-SUM distributions are a subject that makes even accountants queasy. The tax rules have more twists and turns than a plate of spaghetti. But if you are cashing out of your company's qualified retirement plans, it will behoove you to fam...
http://www.smartmoney.com/personal-finance/retirement/h...
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You must apply tax averaging to your entire distribution and to other lump sum distributions received in the same tax year. You must not have used averaging before (unless it was prior to 1986); this is a one-time-only election.
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www.pueblo.gsa.gov/cic_text/money/lumpsum/lumpsum.htm
www.pueblo.gsa.gov/cic_text/money/lumpsum/lumpsum.htm
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As of May 1988, over 8 million workers had received their pension benefits as lump-sum distributions (LSDs) when they changed jobs. In 1986 Congress imposed a 10% tax penalty on the amount of LSDs not rolled over into tax-deferred instruments. ... April 1995 Number 9507 ... Author: Angela E. Chang...
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www.newyorkfed.org/research/staff_reports/research_pape...
www.newyorkfed.org/research/staff_reports/research_papers/9507.html
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Thus, you may also need Form 4972 (PDF), Tax on Lump-Sum Distributions, to make an accurate estimate of your income tax liability. ... Form 4972 (PDF), Tax on Lump-Sum Distributions ... Tax Topic 412, Lump-sum distributions...
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www.unclefed.com/TaxHelpArchives/2002/irs-tt/16001.html
www.unclefed.com/TaxHelpArchives/2002/irs-tt/16001.html
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1545-0193 Tax on Lump-Sum Distributions (From Qualified Plans of Participants Born Before January 2, 1936) Attach to Form 1040, Form 1040NR, or Form 1041. 2007 Attachment Sequence No.
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www.docstoc.com/docs/23854/2007-Form-4972-Tax-on-Lump-S...
www.docstoc.com/docs/23854/2007-Form-4972-Tax-on-Lump-Sum-Distributions
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1545-0193 Tax on Lump-Sum Distributions (From Qualified Plans of Participants Born Before January 2, 1936) Attach to Form 1040 or Form 1041. 2005 Attachment Sequence No.
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www.docstoc.com/docs/6254/Form-4972-Tax-on-Lump-Sum-Dis...
www.docstoc.com/docs/6254/Form-4972-Tax-on-Lump-Sum-Distributions
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Part I - Did you use federal Form 4972 to figure your federal tax on lump-sum distributions? h Yes h No; If you answered No, do not complete the rest of this form. Your lump-sum distribution does not qualify for the separate tax on lump-sum distributions.
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www.tax.state.ny.us/pdf/1997/inc/it230_1997.pdf
www.tax.state.ny.us/pdf/1997/inc/it230_1997.pdf
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