After I came home from having my taxes done, I found the 2007 IRA contribution information forms 5498 that I forgot to give the accountant. It says all the money that I put into a Simple IRA in 2007. I didn’t take any money out in 2007. Will this affect my tax return? Should I re-do my taxes?
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17. December 2009 at 10:51 am
Yes, you’d most likely get a deduction for the amount you put into the IRA so your tax bill for the year would be less.