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Podcast: Dancing Numbers
Episode: How to File IRS Form 4972 on Lump-Sum Distributions
Description: If you have received a lump-sum distribution from a qualified retirement plan, such as a 401(k), or an individual retirement account (IRA), you may need to file IRS Form 4972. This form is used to calculate the tax on the lump-sum distribution, which is a one-time payment of the entire balance of your retirement plan account.