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.
The Internal Revenue Service gives you wide latitude in determining how much to withdraw from your IRA. The IRS rules on retirement withdrawals from your IRA donât set any specific required amount of annual withdrawals between age 59 Â½ and 70 Â½. You can take out as much or as little as you like.If yours is a traditional IRA, you will owe income tax on your retirement withdrawals.he Internal Revenue Service gives you wide latitude in determining how much to withdraw from your IRA. The IRS rules on retirement withdrawals from your IRA donât set any specific required amount of annual withdrawals between age 59 Â½ and 70 Â½. You can take out as much or as little as you like.