burrocrat
Well-known member
i don't know about irs levys, but there are lots of ways to get your money out of tsp. i've made it a hobby of mine. you can request a financial hardship withdrawl. there are some pretty detailed criteria you need to meet and self-certify to and then viola! big fat check in the mail. there are check boxes on the form to decline having the penalty and/or fed taxes taken out of the distribution. but it does get reported to the irs and you have to settle up at the end of the tax year. it gets folded into your gross income, and depending on your situation you could end up being zero, a little, or a lot. but if you take the distribution on jan 01 you can make the bastards wait for it 16-1/2 months until april of the next year without penalty.
bottom line is it wasn't taxed going in but the man gonna for dam sure get his pound of flesh when you go out.
bottom line is it wasn't taxed going in but the man gonna for dam sure get his pound of flesh when you go out.
