Access Leading Tax Experts And Technology
In Our Global Digital Marketplace

Please Type Topic Into Search Bar

Alien Worked in the USA for 2 years paid into an IRA about 18 years ago. Now the IRA has grown and I want to withdraw the money.

Currently 54 yr old.. Have not had any further US income and do not live or work in the US all these years. What is the best way to withdraw the money with the least tax burden.
IRA IRA Withdrawal
TaxConnections Members... Answer This Question Want To be One of Our Tax Experts? Register Here

Tax Professional Answers

User Photo
John Stancil
The fact that you are a non-US resident has no bearing on the situation. Since you are age 54 any withdrawal is subject to US income tax and the 10% early withdrawal penalty. Once you reach age 59 1/2 the penalty no longer applies, but withdrawals are still subject to income tax.
Leave a Comment 291 weeks ago

Meet Leading Tax Advisors

User Photo John Stancil



User Photo Peter J. Scalise

Federal Tax Credits & Incentives Practice Leader

New York, NY

User Photo John Dundon, II EA

Tax Director

Denver, CO

User Photo John Richardson


Toronto, Canada

User Photo William Rogers, CFP, MBA, EA

CEO/Certified Financial Advisor

Rancho Santa Fe, CA

User Photo Monika Miles


San Jose, CA

User Photo Blake Christian

Tax Partner

Long Beach/ Park City, CA


View/Select our Current List of Tax Topics

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Previous PageNext Page



Learn from tax advisors, straight to your inbox

Update My Email Address
Contact Us Today