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Yup this is exactly what they are going to do. So it should work out in the end. The extension will buy them time to fix it and avoid the 6% penalty.Thanks to a...
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"Once the funds were removed from the IRA, they are just like any other funds your taxpayer can spend. That large distribution event is taxable."The funds were ...
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I agree it is absolutely commingling. This is what happened for better clairification:Company A paid 90K to taxpayer from an IRA, reported code 7 distribution, ...
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The agent involved was a family member, and either he was unaware of where all the funds were coming from, or he didn't understand how this works. He was fairly...
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Sorry if I didn't make that clear. She rolled her traditional IRA over to purchase this Annuity IRA. Then she also took 50k from another account (some sort of a...
