Fee On Early Pension Draw Is Tax, Not Penalty, 2nd Circ. Says

By Anna Scott Farrell · August 24, 2022, 6:26 PM EDT

The 10% fee collected on an early withdrawal from a pension is a tax and not a penalty that requires prior approval by an IRS supervisor, the Second Circuit ruled Wednesday....

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Case Information

Case Title

Grajales v. Commissioner of Internal Reven

Case Number

21-1420

Court

Appellate - 2nd Circuit

Nature of Suit

Agency 

Date Filed

June 04, 2021