marshall_langman_86
Member
I inherited an IRA and missed the deadline (by only a few months) to take the full disbursement (i took nothing out). Is this an easy fix like withdrawing it all, now, and sending a letter to the IRS asking for forgiveness come tax time next year? Or do i need a specialized tax lawyer to take over the case and charge me a fortune?
I know theres now a 50% forfeiture penalty on the account; i'm trying to avoid that, of course.
thanks in advance!
I know theres now a 50% forfeiture penalty on the account; i'm trying to avoid that, of course.
thanks in advance!