SIE Exam Practice Question 607

Question: 607

Which of the following is required by the IRS if a taxpayer uses the substantially equal periodic payment (SEPP) exception to the premature distribution penalty?

A. The taxpayer must show proof of economic hardship.

B. The taxpayer must show proof that payments will be used to pay for qualified medical or education expenses.

C. The taxpayer must show proof that appropriate taxes will be withheld.

D. None of the above are correct.

SIE Exam Practice Question 607

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