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Path: utzoo!watmath!clyde!burl!ulysses!mhuxr!mhuxt!houxm!ihnp4!pesnta!hplabs!hp-pcd!john
From: john@hp-pcd.UUCP (john)
Newsgroups: net.taxes
Subject: Re: iras applied to wrong tax year
Message-ID: <53400015@hp-pcd.UUCP>
Date: Thu, 13-Jun-85 17:29:00 EDT
Article-I.D.: hp-pcd.53400015
Posted: Thu Jun 13 17:29:00 1985
Date-Received: Sat, 8-Jun-85 05:45:45 EDT
References: <767@drux2.UUCP>
Organization: Hewlett-Packard - Corvallis, OR
Lines: 18
Nf-ID: #R:drux2:-76700:hp-pcd:53400015:000:636
Nf-From: hp-pcd!john    Jun  5 13:29:00 1985

<<<


   If your custodian applied both your April 82 and 83 payments to 1982 then
you should look at the total amount applied for 1982. If it exceeds the legal
limit for IRA contributions then you may have a claim against them for not
catching it.


   If the IRS doesn't let you change your contributions then refile for 1982
and this time use the total IRA contribution that was paid in 82 and 83. If 
you can get a refund for 82 then it may cancel some of the tax and penalty
that you will incur for 1981. If there was a large increas in income for 1982
then you may even make money on this deal.


John Eaton
!hplabs!hp-pcd!john