cube_rat
Thinks s/he gets paid by the post
- Joined
- Jul 12, 2005
- Messages
- 1,466
About 4 years ago, I cashed out of a Roth IRA account I had at Dean Witter. What I withdrew equaled my total contributions. I filed my taxes that year and didn't report the withdrawl because I was under the impression I could withdraw my portion of contributions without penality or paying taxes. Two years later I get a nasty gram from the IRS stating that I owe taxes (Dean Witter apparently sent a 1099 something) on the total amount. Instead of spending the time researching this issue, I paid the bill to get them off mu back.
I've been really bothered since that time, since I may have paid a bill to the IRS for monies that rightly belonged to me. Afterall, I already paid income taxes on my contributions to the Roth IRA.
My question is, can I go back and provide supporting documentation to make a claim to the IRS to refund my money? I think I may need to file an amended return as well. Any thoughts? Or has anyone been successful in recovering monies owed to them after a long period of time?
Thanks.
I've been really bothered since that time, since I may have paid a bill to the IRS for monies that rightly belonged to me. Afterall, I already paid income taxes on my contributions to the Roth IRA.
My question is, can I go back and provide supporting documentation to make a claim to the IRS to refund my money? I think I may need to file an amended return as well. Any thoughts? Or has anyone been successful in recovering monies owed to them after a long period of time?
Thanks.