9

I gather from your question that you have 2 bank accounts, and your agent (seller who sells assets you owned) posted the proceeds to the wrong bank account, but it’s still your bank account that the money went to. (Frame challenge) Instead or reversing the transaction and taking the risk that the seller doesn’t get it right this time, or that they just ...


9

The Problem You obviously have a legal right to control over the IRA. However, in deciding how to get to a position whereby you can reassert that control, it will help to consider things from their point of view: They have a "several years" old, dormant account. It will have certain details associated with it, including the name of the (now defunct) ...


9

You are in trouble, but possibly not too much if you act properly now. First change any passwords that you gave out. Do it now. Don't read to the end of the answer do it now. Then call your bank, on a number you know is valid for them, not any number you were given after this communication, and not the number that called you. Tell them exactly what ...


6

Note: I initially assumed that you were seeking a refund from your old insurance company, and my original answer is shown first. Below that, I have added a new section to address the clarification that you are seeking a refund from the new insurance company. Also, please understand that I am not necessarily an expert in health insurance, so my answer below ...


6

Is this the kind of thing to send an amended tax return over? No. If the error didn't result in more credit, it's because you've already gotten the maximum credit/benefit available to you. The IRS does indicate that people should file an amended return if they didn't claim the correct filing status or they need to change their income, deductions, or credits....


5

In FL, you get a letter every year from the property tax man, which lists your applied exemptions and taxes, and it also lists a deadline for any changes. From what you wrote, it looks like you ignored the content for several years, and were charged accordingly higher property taxes. IANAL, but I would assume that by ignoring it, you lost this money ...


4

You need to obey whatever your accountant gave you for written advice. If you lost it, ask him for a copy of it. Why? When you retain a tax professional, and seek and follow her advice, then any penalties which arise out of following that advice are waived by the IRS. IRS nasty-grams are one of two things: Andover being Andover. Doesn't mean they ...


3

Option 1: Contact the company and inform them that, due to their mistake, you will need to consult with a professional (accountant, tax attorney, whatever) in order to resolve it. This professional will work out how much of this money could be returned to them without you suffering any financial loss. You need to tell them that this professional's fee (and ...


3

This used to be possible before 2018, but is no longer possible. Basically, you did a conversion from Traditional 401k to Roth IRA, and one of the several types of "recharacterization" could be used to "undo" a conversion, and treat it as a rollover to Traditional IRA. However, the specific type of recharacterization for undoing a conversion was eliminated ...


3

When you contribute money "pre-tax" into your HSA from your paycheck, you avoid payroll tax (FICA) on it. When it comes to tax time next year, that amount is not included on your W-2 box 1 amount, so you don't need to deduct it on your income taxes, because it was already automatically deducted from your income ahead of time. However, with a "post-tax" HSA ...


2

You appear to meet the requirements for an automatic waiver of the 60 day requirement so it should not be a taxable event. Make sure you keep careful records to support that you meet each of the following requirements for an automatic waiver. From the IRS: You qualify for an automatic waiver if all of the following apply: The financial institution ...


2

Maybe. The deadline to recharacterize an IRA or Roth contribution (to the other) is October 15 if you filed your 2018 taxes by April 15. You would amend your taxes with a 1040X. But I wouldn't be fighting this. This is a Very Good Thing. IRS is infinitely patient and their interest rate is 6%. This is way, way, way too soon for IRS to send postal ...


2

1. My original filer sent me the forms to sign in the mail. Since they were filed incorrectly, should I not sign these? They showed up in the system as filed so how can this happen without my signature? If it shows up as filed then it was most likely e-filed and the signed copy is just for their records. Signing the copy of your return has nothing to do ...


1

This becomes a legal matter. They are a trust holding an account where you are a beneficiary, and preventing you from exercising your rights regarding that interest. Escalate over the phone to a supervisor if you can, but don't waste too much time. It is usually way much more effective to write to their regulator. It should state who their regulator is ...


1

Well, you need to check current paystubs and if necessary, adjust your W-4 to properly identified your state of residence. Do not count on your employer to do for you. You probably don't need the state withholding to do your federal taxes, but you may have to file at least in both NC and AZ. You'll have to work out whether you need to file in IL as a part-...


1

Can I or do I need to file an amended return for that year? She doesn't need to, but it could be worthwhile to do so. If she qualifies for any education credits and her return doesn't already reflect the amount of qualified education expenses paid, then she could have additional refund coming her way. If the inclusion of the 1098-T has no impact, then there'...


1

I am not a lawyer. You need to call/contact the plan administrator, explain the situation and see if they can direct you to someone useful, and see if you need to direct your ex-employer to them. Employers can't just take back vested contributions without a legal basis. It's also made tricky by the fact that 1) the plan has undoubtedly has written ...


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