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A free, comprehensive news service to keep small businesses and independent contractors posted on the latest tax developments affecting their operations.

May 2, 2008

IRS Clarifies Stimulus Withdrawal Policy

Economic stimulus payments directly deposited into IRAs and other tax-favored accounts may be withdrawn tax-free and penalty-free, the IRS announced at the end of April. The option is available through April 15, 2009 for amounts withdrawn from the accounts...

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