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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: mod who wrote (1548)	12/3/1998 11:11:00 PM
From: GT	Read Replies (1) \| Respond to of 5810

Got it (I hope). Thanks ! Gorcon

To: mod who wrote (1548)	12/5/1998 1:21:00 PM
From: QuietWon	Read Replies (3) \| Respond to of 5810

Change from resident to non-resident Question: suppose I cease to be a resident for US tax purposes mid-January 1999 (say the 15th). In 1999, theoretically a return should be filed for the part year any income received by that date. Now, after leaving I want to take all the funds out of my 401k plan. I have contributions up to the 6% limit and then some beyond that limit. Can I take out both portions? Tax wise, regardless of which or both portions able to take out of the 401k plan, do they withhold a certain percentage for tax?? Then, upon filing a US tax return, I would claim this tax paid? My tax for the year would be at a lower rate because I would have very little income ( a few weeks to a month + the funds coming out of my 401k) so I would probably be paying tax at the lowest rate and get a refund if they withheld at a higher rate. Does that seem right?