Posts Tagged ‘ira’

How can I get my $488 back from the IRS on a bankrupt 401K?

Last year the company I worked for went bankrupt. We were given a check for our 401K and told to invest it in an IRA within 60 days to avoid paying income tax, which I did. When I did my 1040 I noticed the IRS took 8 as income tax. I phoned the IRS but no luck. How can I get my 8 back from the IRS on a bankrupt 401K?

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How much are you in debt and how are you getting out of debt?

I don’t want an exact figure, just a rough one. Curious due to the unstable economy. What are you doing to settle the debt and how are you saving? Investing in stocks, IRA, 401K, etc? What are you doing to better your situation?

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