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Old Jul 07, 2014, 12:26 PM
regretful regretful is offline
Grand Poohbah
 
Member Since: Jun 2012
Location: USA -
Posts: 1,863
Be careful with this...I'm no tax professional at all, and take this with a grain of salt, but the "additional tax liability" is where you get hammered. I looked into something like this a few years back and after the tax hits, the amount that I would have been left with was about 10% of what was originally in there. Keep looking; ask a tax professional. If I recall, the penalties are rather steep...
Thanks for this!
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