Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10 5/3/83; site pyuxa.UUCP Path: utzoo!watmath!clyde!floyd!whuxle!spuxll!abnjh!u1100a!pyuxn!pyuxww!pyuxa!wetcw From: wetcw@pyuxa.UUCP (T C Wheeler) Newsgroups: net.taxes Subject: Re: IRA Purchase query Message-ID: <581@pyuxa.UUCP> Date: Mon, 27-Feb-84 10:55:20 EST Article-I.D.: pyuxa.581 Posted: Mon Feb 27 10:55:20 1984 Date-Received: Tue, 28-Feb-84 08:45:14 EST References: <1687@rocksvax.UUCP> Organization: Central Services Org., Piscataway N.J. Lines: 13 You can buy or put money into an IRA before April 16th or before whatever extension you apply for. You can wait until you get your return to do this if you wish. You must, however, meet the deadlines no matter where the money comes from. For instance, you figure your tax refund to be $2000. You put this amount down as an IRA deduction(then refigure if you have to). File your taxes. When your refund comes in, put it in an IRA. Just make sure you get the money into the IRA before the last filing date. IRS could get upset if you don't. This was a new ruling from the IRS this year. See the Sylvia Porter columns on taxes over the past several weeks. She goes into this one quite deeply.