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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: MSI who wrote (251503)4/26/2002 5:30:49 PM
From: goldworldnet  Read Replies (1) | Respond to of 769670
 
Last year I made a horrific error in my taxes. Because of unusual circumstances I owed the IRS an additional 8k. I took the money out of a Roth IRA which is of course pre-taxed fully expecting to pay the 10% penalty. To my horror I later discovered that I would not only have to pay the penalty, but would have to pay the income tax on the 8k again. About the same time I discovered this someone else I know got back every penny of over 5k that they had paid in. The idea was more than a little frustrating.

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