Welcome Guest. Register Now!  



Find a tax professional cpa near you

View Single Post
  #2 (permalink)  
Old 04-21-2009, 07:06 PM
TaxGuru's Avatar
TaxGuru TaxGuru is offline
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 1,862
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.
Reply With Quote
 
Follow us on Twitter
» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 
Forum for CPAs
 
Financial Planning