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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.