Reverse IRA Rollover -Procedures & Required Forms to IRS
Questions:
What Forms and Procedures are necessary to reverse a IRA contribution?
What Government Agencies need to be notified?
Does 1099R need to be amended/corrected?
Transaction occurred in 2015, is the window to makes correction impossible?
Buyout of Pension – Rolled over into IRA by Pension Plan – are they responsible to make corrections and file forms with IRS and possible DOL?
Am I required to file appropriate forms to IRS myself?
Reversal forms and documents to avoid tax consequences to retired individual who has the IRA?
Any 8606 correction/ amended 8606?
Is the Company who initiated the IRA and created error/distribution would have to make all corrections and reversals?
Is the financial institution where funds currently held responsible for and forms and document filing?
RMD taken in 2016 error occurred in 2015. Does RMD need correction or separate of filing information to IRS?
Permalink Submitted by Alan - IRA critic on Wed, 2017-04-05 04:59
All additional questions relating to the complex original thread here https://irahelp.com/forum-post/27174-lump-sum-pension-buyout-co-wants-funds-returned-rolled-ira that already has 30 replies should be added to that thread. Otherwise, people will not understand the unique situation that the new questions relate to and responses will probably be different if the entire situation was factored in. That said, it is likely that this entire situation is so convoluted and complex that a message board is not the appropriate place to continue the discussion.