I got an email from my ROTH account custodian that I have $5500 excess fund available in my IRA account, which is more than the 2015 yearly contribution limit($5500). I emailed back and told him that the amount which they are claiming as excess, belongs to both years 2014 and 2015. They replied me back and told me that when I deposit amount for both years I forget to select options for both years and selected only 2015 due to this fund is only contributed to 2015. I already filed my taxes of 2015. I declared during 2014 taxes that I contributed for ROTH IRA account with an assumption that I contributed for both years 2014 and 2015, but which is not valid any more after IRA custodian email. I also contributed $1000 towards 2016. What are the available options for me? Do I need to withdraw excess contribution and need to amend my taxes for both 2014 and 2015. Can I use this excess contribution towards current year 2016 without paying 6% panelty? Do I Need to withdraw that excess contribution now and contribute again.