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babsy
Guest
I RECEIVED A CHECK FOR $2, 500.00 FROM CLOSING OUT(EARLY) A 401K ACCOUNT IN MAY OF 2007 BECAUSE I HAD QUIT MY JOB AND NEEDED THE MONEY TO TAKE CARE OF MY FAMILY. ANYWAY, I HAD ONLY RECEIVED THE CHECK WITH NO STUB(SHOWING THAT I HAD STATED I WANTED THE 20% PENALTY TAKEN OUT) AND TODAY I WENT TO DO MY TAXES AND WE HAVE NO RECORD OF THE 20%PENALTY. MY ACCOUNTANT CALLED THE PLACE WHO HAD ISSUED ME THE CHECK AND WAS TOLD THIS WAS A "NON-REPORTING" 401K AND THEY WOULD HAVE TO CONTACT MY EX-EMPLOYERS ACCOUNTANT TO SEE IF THE PENALTY TAX WAS ALREADY TAKEN OUT. I CAME HOME AND CALLED THE ACCOUNTANT MYSELF AND WAS TOLD THE WOULD HAVE TO LOOK INTO IT AND TO GIVE THEM A FEW DAYS TO GET BACK TO ME. DOES THIS SOUND "FISHY" TO ANYONE? WOULDN'T ALL THIS INFO BE IN THE COMPUTER WERE THEY COULD JUST LOOK THE INFO UP? I AM SO FRUSTRATED THAT I WANT TO JUST CALL MY ACCOUNTANT AND TELL HIM TO PROCESS MY TAXES AND I WILL PAY THE 20% PENALTY AGAIN. ANY HELP WOULD BE APPRECIATED IN THIS MATTER. THANKS