Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Ok, say a very silly person forgot which of her IRA accounts are traditional and which are Roth accounts and she moved about $10k from a traditional account to a Roth account by mistake just this last week. Should she make estimated tax payments throughout the rest of year to cover the additional taxes she will owe, or can she put it away in ING and pay the tax April 2009?

Barbara
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.