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Reply to "Q about 2012 Taxes"
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[quote=Anonymous]I took a premature distro from my IRA last year. I thought I calculated enough money for the taxes and penalty, but am about 10K short. I am wondering if I should either 1. take a second distro out to pay it or 2. setup a payment plan with the IRS. I don't have a lot of extra money around to make monthly payments to the IRS, so it will probably be a long term repayment to them. I make < $100K and have only a few hundred left over each month to save/use after bills. Vs,...taking out another distro and calculating it correctly for next year. I'd prefer honest recommendations. Thanks. [/quote]
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