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Author: RobertBK Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121100  
Subject: Need regular IRA help Date: 6/5/1998 9:48 PM
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I filed the 4 month extension for my 97 tax return and am getting ready to send my check.

I do not have an IRA now and would like to set one up and make a $2000 contribution (for 97)to save a few tax dollars.

I have been told that I can do this even at this late date so long as I have not yet filed and so long as my filing extension is honored by IRS.

Anyone know if this is legal? Thanks for your help.

Robert
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Author: KATinChicagoland Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 4129 of 121100
Subject: Re: Need regular IRA help Date: 6/6/1998 12:47 AM
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<<I filed the 4 month extension for my 97 tax return and am getting ready to send my check.

I do not have an IRA now and would like to set one up and make a $2000 contribution (for 97)to save a few tax dollars.

I have been told that I can do this even at this late date so long as I have not yet filed and so long as my filing extension is honored by IRS.

Anyone know if this is legal?>>

Sorry, the deadline is your return due date WITHOUT regard to extensions. In other words, April 15, even if you have a valid extension to August 15.

Kaye Thomas, author
Fairmark Press Tax Guide for Investors
http://www.fairmark.com


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