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Tax Advisor Barry G. Fowler, EA, Presents The Basics On How 401(k)s Are Taxed

PRLog - Aug. 28, 2014 - HOUSTON -- Barry G. Fowler, EA, leading expert in tax resolution issues and CEO of Taxation Solutions, helps taxpayers develop winning strategies for addressing IRS debts. In this blog post, Fowler says that many pre-retirees are surprised by taxes on their 401(k) distributions, and outlines what to expect.

Houston, TX – Aug 28, 2014 – Barry G. Fowler, CEO of Taxation Solutions, published a new blog post giving an outline of how 401(k) withdrawals are taxed. The post, titled “Need to Know: How 401(k) Withdrawals are Taxed” says that, generally, withdrawals are taxed as income.

Fowler writes, “One way in which taxpayers tend to get into trouble with the IRS is by forgetting, or underestimating, how much their 401(k) withdrawals are taxed. Here’s what you need to know before you withdraw money from your retirement account before, or in, retirement.”

Taxation Solutions, Inc. is a national leader in tax resolution services, headquartered in Houston, Texas, with twenty-six offices and counting across the United States. Their goal is to help their clients get IRS relief while protecting their financial futures.

The entire blog post can be found at http://www.taxationsolutions.net/need-to-know-how-401k-wi...

Learn more about Taxation Solutions at http://www.taxationsolutions.net/

About Barry G. Fowler, EA

Barry G. Fowler founded Taxation Solutions out of a genuine concern for the IRS issues his clients face, many of whom are self-employed, contract employees, or entrepreneurs. For his contributions to his profession and expertise in tax resolution and financial planning,

Fowler has been featured as one of America’s Trendsetters on CBS and Yahoo, and as a Premier Expert in Inc. Magazine. He has been instrumental in helping hundreds of people resolve complex tax issues with the IRS.

Fowler is licensed to represent taxpayers before the Internal Revenue Service, and is a longstanding member of several tax industry professional organizations: NAEA, NATP, TSEA, ASTPS.


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Source:Taxation Solutions
Location:Houston - Texas - United States
Industry:Accounting, Finance
Tags:Taxation Solutions, Barry Fowler, tax help, irs audit, tax debt
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