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Re: Is there a 'reasonable cause' exception to avoid the add'l tax on excess Roth IRA contributions?
Bob, are you looking for work as a tax researcher??? I am looking to hire one. Thank you AGAIN for your time and expertise.I told the clients that the @$25,000 ... -
Re: Is there a 'reasonable cause' exception to avoid the add'l tax on excess Roth IRA contributions?
Bob, thank you again for your input. This is not what I wanted to hear, but it is what I NEEDED to hear.Now, if anyone has any innovative ideas for a "Reasonabl... -
Re: Is there a 'reasonable cause' exception to avoid the add'l tax on excess Roth IRA contributions?
Bob, thank you very much for taking the time to reply. Yes, I am dealing with the 6% penalty here. Because it is cumulative, the total of 9 years' worth of 6% p... -
Re: Is there a 'reasonable cause' exception to avoid the add'l tax on excess Roth IRA contributions?
George, thank you for taking the time to reply. Amending open years is not a viable option. Taxpayers' combined AGI in open years exceeded annual Roth IRA contr... -
Re: Is there a 'reasonable cause' exception to avoid the add'l tax on excess Roth IRA contributions?
Thank you for taking the time to reply. Because the taxpayers filed separately each year in question, their annual Roth IRA contributions phase out range was $0...
