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Author: CurtisGrape Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75525  
Subject: How badly did I mess up? (IRA) Date: 2/2/2000 2:22 PM
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My wife had an annuity with a company she left, so we rolled it into a Wells Fargo IRA. About 2 years later she got another job and we cashed out the IRA and immediately sent the proceeds (payable to her and to her new company) to her new company's profit sharing plan, which includes a rollover 401(k). Because we did not make a custodian-to-custodian transfer, and I can find no evidence that Wells Fargo withheld 20% to forward to the IRS, I am worried that we're going to take a big hit from the IRS and pay a penalty to boot. Any suggestions on how to minimize our potential tax repercussions? Thanks.
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