Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 04-20-2009, 10:09 PM
Junior Member
 
Join Date: Apr 2009
Posts: 1
IRA Contribution problem

On APril 7th, I contributed the max amount allowed for my IRA for the 2008 tax year. Everything looked good. However, the transfer did not go thru, and I received notice about that today. Is there anything I can do to get the 5000 to count toward 2008? We have obviously already filed our taxes and claimed the amount as at the time, it appeared to have gone thru fine.

Thanks!



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 04-21-2009, 07:06 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,400
Blog Entries: 3
I would suggest that you approach the financial institution or bank where you had made the deposit and determine what course of action can be taken at this point. Hopefully, the situation can be resolved, if not, you would be forced to file an amended tax return and pay the additional taxes as a result of the disallowance of the IRA.

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Charitable Contribution? CP13 Itemized Deductions 1 03-08-2009 01:22 PM
E-file problem Fredoki Miscellaneous 0 03-05-2009 01:31 AM
Corporation Contribution limitation Jlopez S-Corporation 1 09-05-2008 09:03 AM
1099 Misc Question/Problem woodrob12 Income 1 04-24-2008 12:36 PM
Tax treatment for Pension contribution! awkan Sole-Proprietorship 1 01-25-2007 09:36 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning