The proposed regulations under section 72(t) of the Internal Revenue Code provide guidance regarding the application of the 10 percent additional tax to that portion of a distribution includible in gross income and received by a taxpayer before attaining the age of 59 1/2 from a qualified retirement plan (as defined in section 4974(c) of the Code), unless an exception applies. The proposed regulations would affect any individual who receives an early distribution from a qualified retirement plan.