Ok, so I am now being audited by the IRS due to a mistake that an investment company made when I cashed in on my 401K a couple years ago, For tax year 2005 I never received a 1099 for the disbursement, and when we called, they had the wrong address still listed. After multiple times we finally got the check, but no 1099. On the stub of the check it had the total amount, and texes, etc., so it allowed us to file our taxes.
Well, now it comes to find out that we claimed over 4k in taxes on the federal side, but it appears as if it was split between Federal and Massachusetts. Now they say we owe the IRS about 3k. I believe this amount may have gone to Massachusetts, even though we do not live there anymore, nor had we for the entire year. Florida does not have state taxes so we should not owe this amount.
Any ideas on what we can do to rectify this? Is it even possible to get the money back that was paid incorrectly to Mass?
2007-04-23
08:11:58
·
4 answers
·
asked by
camcrazy08
1