Is my IRA account info important for taxes?

Question

I have received my IRA info from my bank at the beginning of June (after all taxes have been done). Was this info important for my tax return? If so what should I do now? Should I re-file? How?

Answer 1

You need to nothing, unless for some reason you have a special kind of account that gives the dividends directly to you and not back in the IRA account. I don't think there is such a thing though.

Answer 2

The only thing that would show on your tax return for your IRA, assuming it's a deductible traditional IRA, is the deduction for any contribution for the year you're filing for. If you contributed anything to it for 2006 and didn't take the deduction, and you were eligible to deduct it, then you should amend your return. Otherwise you're OK.

Answer 3

If that's a real IRA, you will take a penalty for utilising that funds earlier retirement. the money industry ought to be your to do with as you please. If I have been you, i might circulate them to a various economic enterprise that has existence like fees earlier you merely close them. make an effort to do your learn on the numerous companies and diverse fees. you should continually whinge appropriate to the expenses on your contemporary enterprise and enable them to appreciate you would be shifting your funds out. once you're unhappy appropriate to the expenses now, verify on those they are going to tag you with to close/circulate your funds. i exploit Ameriprise economic and could no longer be happier with the provider. verify with an adviser different than the only you presently have for suggestion on what to do at the same time with your contemporary sources.