If you choose to drill holes in the basin, make sure the holes are smaller than the solids handling rating of the pump (generally 1/4 in. to 1/2 in. for a standard sump pump). This will prevent larger solids from entering the basin and clogging the pump.
1 You must report the amount you withdrew from your retirement plan to the IRS. 2  You may have to pay an additional 10 percent tax on your withdrawal. 3  The additional 10 percent tax normally does not apply to nontaxable withdrawals. 4  Nontaxable withdrawals include withdrawals of your cost in participating in the plan.
Whether you withdraw funds from an IRA or a 401(k), the income tax implications are usually the same; the distributions are taxable income. Distributions (other than periodic distributions) from both types of retirement plans occurring before age 59Â½ are subject to an additional 10 percent penalty for early withdrawal.hether you withdraw funds from an IRA or a 401(k), the income tax implications are usually the same; the distributions are taxable income. Distributions (other than periodic distributions) from both types of retirement plans occurring before age 59Â½ are subject to an additional 10 percent penalty for early withdrawal.