Have a Tax Question? Ask a Tax Expert
Thanks for asking your question! I'm sorry to hear about your tax issue and I'm going to try my best to help you understand or resolve it.
There is one way to get a penalty free withdrawal of your IRA account without having to pay the penalty
That's if you are a first time homebuyer - you can get up to $10,000 for the down payment of your home or other acquisition costs
However, if you are not a first time homeowner there is no penalty free withdrawal for you, unfortunately
Is there anything else that I can assist you with today?
If not, please rate my response as "excellent' so that I may receive credit for assisting you today
You can read more about the first time homeowner IRA withdrawal here: http://www.hrblock.com/tax-answers/services/jsp/article.jsp?article_id=68091