Windermere, FL asked in Tax Law for Florida

Q: I took money from my Roth IRA to purchase a home. I am 53 and paid a 10% penalty. I did not claim as income on taxes,

I am now receiving a bill from IRS as they added it as income. It was 16k and with penalties and such total 6100.00 I appealed it and they want me to sign a form stating they will add to my income and tax appropriate. I think this is wrong. What do I do?

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1 Lawyer Answer

A: You may not be responsible for tax or the penalty.

You should hire a professional yesterday and file an appeal.

Bruce Alexander Minnick agrees with this answer

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