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URL:  http://boards.fool.com/tax-on-excess-contributions-to-roth-ira-11640341.aspx

Subject:  Tax on excess contributions to Roth IRA Date:  12/10/1999  2:02 PM
Author:  Donnalp Number:  22812 of 121569

I know there is a 6% tax on excess contributions to a
Roth IRA and something about a tax on excess contributions for the previous year (RE: instructions for 1998). I would like to make excess contributions to my Roth IRA now, pay the 6% now and no taxes in the
future - but I don't understand about future taxes on
excess contributions for previous year is it just the previous years exess or ANY previous years excess? Could you please explain this to me. Thanks.
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