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Subject:  Re: 403b Company Screwup Date:  3/29/2005  12:17 PM
Author:  pauleckler Number:  45316 of 88486

I presume your brokers account is an IRA. In most cases she has 60 days after the check was issued to deposit the funds in the IRA account.

At the end of the year, when she files income taxes for '05, the 1099 will be listed and she will be asked if she rolled over the funds. If not, then the taxes and penalty are calculated and payable. Technically if taxes are due, she is supposed to file estimated taxes at the end of the quarter in which the transaction occurred (next is Apr 15). So you might want to estimate what taxes might be due and compare that with her refund last year. If the taxes are larger than last years refund, then estimated tax (or increased payroll deductions) are in order. If the potential tax liability is smaller then your last refund, you should be covered.
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