Legal Question in Tax Law in Michigan

Error in IRA deductions

I have taken the maximum IRA deduction for the past 4 years and didn't realize I have a very small retirement plan from my work. How do I correct the situation? HELP!!!!


Asked on 4/12/05, 7:56 pm

2 Answers from Attorneys
Alton Drew Alton Drew, LLC

Re: Error in IRA deductions

Filing an amended form (1040X) for the appropriate tax year should do the trick. For further consultation, please contact an attorney, tax preparer, or the Internal Revenue Service. Additional info should be found on www.irs.gov.

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Answered on 4/13/05, 3:39 pm
G. Joseph Holthaus III Law Offices of G. Joseph Holthaus

Re: Error in IRA deductions

If an error was made with a previous return then amended returns need to be filed. Contact an attorney or tax preparer. (410) 750-2567

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Answered on 4/12/05, 8:32 pm


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