No. of Recommendations: 2
Yes, if you receive the check and deposit those funds in the IRA and make up the amount withheld for taxes then you should be fine. You will be loaning the govt the withheld amount with no interest until you receive your tax refund next year.

But yes, you will be whole (except for the interest you could have earned on the withheld funds). Your IRA will be intact with all the funds allowed it. You will not be assessed taxes or a penalty.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.