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Questions tagged [mistakes]

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2
votes
2answers
33 views

Correcting a post-tax HSA deposit?

Due to a payroll error at work, my HSA contribution got put in twice for the first pay week. Once pre-tax and once post-tax. The extra total amount being in there is fine as it won't cause any limit ...
0
votes
1answer
131 views

Contributed to my Roth IRA when I wasn't eligible to

I put $5,500 in my Roth, and learned that I'm not eligible to (I make too much money). What's going to happen to me, come the time of reckoning (tax time), and what can I do about this before then?
1
vote
1answer
71 views

2017 IRA Contribution Mischaracterized as Roth

In April, I mistakenly deposited my wife's 2017 IRA contribution to her Roth IRA, rather than to her Traditional IRA. This happened as follows: I called my broker and told his associate that I wanted ...
4
votes
1answer
327 views

Is there a way to undo 401k contributions?

I made a mistake... To give some context: for the first 3 months of 2018 I was working in Texas at a company that matched the first 4% 401k contribution. I had been looking for a different job and ...
2
votes
1answer
281 views

HSA erroneous deposit and withdrawal by employer

My employer erroneously deducted $1083 from my after tax paycheck and deposited it into my HSA account. When I brought it to my employer's attention they reversed the transaction deducting the $1083 ...
5
votes
1answer
238 views

Accidentally selected tax exempt on W4

I started working in February 20, 2017 and had an online W4 to fill out and I accidentally selected tax exempt. I am in the 28% tax bracket and live in Washington state. Upon realizing my mistake I ...
1
vote
1answer
263 views

Where am I miscounting this money?

I run a sports club where I accept payments via three methods: in cash, via a PayPal card reader and online via my website. I'd been keeping track of the attendees and how much they paid in a ...
4
votes
1answer
148 views

Credit card payment cashed but not credited to my account

So my credit card company cashed my payment check on 12/8, still hadn't posted to my credit card on 12/15 So I called customer service. Sent them a copy of the cancelled/cashed check proving they ...
24
votes
3answers
4k views

Health insurance coverage canceled due to mistake. Can it be corrected?

My medical insurance coverage through my spouse's employer was terminated because my spouse mistakenly checked the wrong box during the annual open enrollment. I've been on my husband's insurance ...
4
votes
1answer
241 views

Can my former employer reimburse my FSA expense due to their error?

Ok, so this is a bit convoluted. To be clear, this is not a "use it or lose it" question, nor is it a question of overspending contributed amounts before leaving (I'm well aware of how all that works)....
4
votes
1answer
1k views

How do I reconcile income taxes withheld and remitted to the wrong state?

I work remotely from my home office in Atlanta, GA for a NYC-based company. I started at this company in 2016 and I just received my first W-2 form. My company uses Just Works as a professional ...
6
votes
5answers
416 views

My university has tranfered me money by mistake, and wants me to transfer it back

I am a PhD student. I have a scholarship, which pays out a stipend each fortnight -- it is not employment. Sometimes the university might transfer me money as reimbursement. Sometimes, separately to ...
4
votes
2answers
234 views

401k mistaken rollover into cash account

I've recently discovered that E-trade rolled over my 401k into a cash account, instead of a IRA account, as I intended. The rollover happened one year ago. The 401k administrator sent me a tax ...
5
votes
2answers
2k views

Catching up on 8606 forms for non-deductible IRA contributions

My fiance made non-deductible IRA contributions from 2005-2013. I know that form 8606 was not filed going back at least several years and I suspect it was never filed. I'd like to file the 8606 ...
3
votes
2answers
266 views

IRS sent incorrect tax refund. How to correct this?

I sold a house in the US last year and as a non-resident alien there was a federal tax withholding of $4200. I filed form NR1040 to get this tax withholding back. This should have been a simple ...
1
vote
0answers
37 views

I contributed to an HSA in 2014 that was supposed to be for the previous year, but wasn't

When I contributed to my HSA in 2014, it was supposed to be for the year 2013. This wasn't done. Can I correct this? Thanks,
3
votes
1answer
492 views

Error in my car loan papers, what do I do?

In Dec 2014 I turned in a financed car that I had where my mom was the Primary Owner and I was the cosigner and I purchased a new car only under my name and credit, my mother wasn't present and she ...
5
votes
1answer
2k views

TurboTax Made an Error - Should They Pay?

I used TurboTax to file my college-age daughter's 2012 tax return. TT said she was eligible for a $1,000 American Opportunity Credit. We claimed it and got no argument from the IRS. I used TT again ...
4
votes
1answer
2k views

Loan servicing company sent me a check in error and wants it back

I was in the process of refinancing my home with RanLife. Shortly after the refinance went through my loan was sold to Chase bank. I received a check from the loan servicing company LoanCare for ...
2
votes
1answer
363 views

Are HMRC (UK tax inspectors) required to give specific notice of late filing penalties?

I'm in a difficult position with respect to HMRC. My story: just before the deadline for submitting an income tax return for the tax year 2013-2014, this January (2015) I got a letter from HMRC ...
2
votes
1answer
160 views

How to deal with IRA excess contribution without withdrawal, penalties, and fees?

I made my traditional IRA contribution for the 2013 tax year in April of 2014. I made my contribution for the 2014 tax year in April of 2015 and shortly thereafter received a notice from Principal ...
1
vote
0answers
80 views

Undo IRA conversion to an existing Roth IRA?

I have two retirement accounts at the same brokerage. One is a traditional IRA that was rolled over from a past company 401k plan, the second is a Roth IRA that I contribute to with taxable income. I ...
2
votes
2answers
226 views

Why am I not entitled to keep the money given to me by the Government in error?

unemployment insurance made a mistake by giving me money that I wasn't entitled in the first place and I didn't know till recently they with held my state tax, I went to department of labor in my city,...
3
votes
1answer
275 views

Multi-year delayed 401k payout check cash, which was originally a rollover into a new plan

Here's the chain of events, not all of which I was aware of before this week: In 2010, I started working for a company and diverting money into a 401k In 2012, the company was purchased, and I ...
1
vote
1answer
2k views

Does the CRA charge any penalty if you file a wrong tax return?

If you misreport a number on your tax return, will the CRA just charge you the extra money that you owe them? Or will they actually 'punish' you by charging hefty fines and penalty , and slap charges ...
4
votes
1answer
196 views

How to correct a tax return filed electronically and already approved?

I know just the basics when it comes to taxes and IRS. So I went to a tax professional to prepare my taxes. He filed my taxes electronically (e-file) and it was approved right there. I double-checked ...
0
votes
1answer
222 views

Closed out old 401k. Rollover and cash out option. Received wrong amounts

I decided to cash out and rollover my old 401k. I requested a check for some amount after the taxes, and the rest be rolled over into my new 401k. However, instead I received 3 checks: 2 of which ...
2
votes
1answer
144 views

What happens with an accidental excess contribution to an ISA?

I handle joint internet banking for myself and my husband. Our online account happens to have been created using my husband's personal details. While logged in under this account (as usual) I ...
2
votes
1answer
314 views

Found Mistake on 2013 1120S Form

I had a CPA do my corporate taxes last year. I did not have a good experience, so I am doing them myself this year. In the course of working through my return via TurboTax Business, I discovered a ...
1
vote
1answer
644 views

Consequences of having reported FBAR with an account missing?

I have just uploaded FBARs for all accounts for the past 6 years. Since bank accounts normally automatically close down when there's no money within a certain period, I assumed that two of them were ...
4
votes
1answer
738 views

CRA made a mistake in our favour

This was in a review of a previous tax return. The error is high four figures which translates into a low four figures refund. Do they keep copies of the documentation? What are the chances they ...
3
votes
2answers
217 views

H&R Block tax preparation software made arithmetic mistakes. How should I proceed?

I used the free e-file software at hrblock.com for my federal return and paid for my state return. After paying but before finalizing and filing I checked the PDF version of my return and immediately ...
13
votes
6answers
34k views

What if I received a check with two different amounts written on it (words vs. number)?

I received a check personally written to me from a family member. The family member that wrote & sent me the check wrote where you write out the amount of what the check is suppose to be for, in ...
6
votes
1answer
1k views

I messed up on my tax return… what do I do now? [duplicate]

Possible Duplicate: How can I fix a mistake I made on my income tax filing? [US] So I just did some recalculating on my taxes and realized that I made a gross error (in my favor fortunately). ...
1
vote
2answers
1k views

Money transferred to an account in error

Just for reference, this is um, theoretical. What is the legal/banking position if an employer transfers a large (very) sum of money into a staff members bank account? Is said person obliged to ...
15
votes
4answers
292k views

How to correct a mistake made when writing a check?

I think I know the answer to this, but I'm not sure, and it's a good question, so I'll ask: What is the accepted/proper way to correct a mistake made on a check? For instance, I imagine that in any ...
7
votes
1answer
194 views

How can I fix a mistake I made on my income tax filing? [US]

How can I fix a mistake I made on my income tax filing?