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Path: utzoo!watmath!clyde!burl!ulysses!mhuxr!ihnp4!drutx!drux2!ljc
From: ljc@drux2.UUCP (ClerLJ)
Newsgroups: net.taxes
Subject: iras applied to wrong tax year
Message-ID: <767@drux2.UUCP>
Date: Wed, 29-May-85 17:36:34 EDT
Article-I.D.: drux2.767
Posted: Wed May 29 17:36:34 1985
Date-Received: Thu, 30-May-85 20:19:31 EDT
Organization: AT&T Information Systems Laboratories, Denver
Lines: 27

my wife and i are going to tax court in the near future
and need some information.  yes, we do have an attorney
representing us.  here's what's happening:

in december of 1984 we received a request from the irs
for documents substantiating my wife's ira deduction for
the 1981 tax year.  we called the irs service center to
find out what the problem was and hopefully to resolve it
over the telephone.  no one knew the specifics of our
problem nor would they find out.  we finally discovered
the problem ourselves:  we made the contribution in april
1982 and told the custodian to apply it for 1981 (there was
no box to specify the applicable year on the form, there
is now), but the custodian mistakenly applied the contribution
to 1982.  we did not give CAREFUL attention to the report
filed by the custodian to the irs, we KNEW that it applied
to 1981.  to make a long story short, the irs wants us to pay
back taxes, penalty, interest, and excise tax as a result of
the contribution.  the custodian says they could not have made
such a mistake.  we want the irs to to tell the custodian to
change the applicable year to 1981 from the recorded 1982.
note:  in april 1983 we made a contribution for my wife's
ira for the 1982 tax year.

has any thing like this ever happened to any of you or anyone
you know?  if so, what were the details?  how was it dealt with?
what was the resolution?  any other suggestions?