Hi all -
I have a situation that I’m not sure how should be addressed. We hired a new financial planner last year - wanted someone local to us, not in another state - and in that same year, he wanted to diversify our portfolio a bit - I had some stocks in oil and gas that he thought was in my non-retirement account. But apparently it WAS, and we got a 990-T form recently. When I asked him about it, having no clue what it was about, he had to look into it and said that he thought the stocks he sold were in my non-retirement account, but they were actually in my retirement account (Roth IRA). So, it looks like I owe some dollars to the IRS because of back taxes that go back almost 20 years ago.
How should this situation be handled? Had I known I’d owe in back taxes, I certainly would not have authorized this transaction. I’m getting the impression it was an error on his end - as his client, how should I ask him to handle this?
Submitted June 28, 2020 at 09:34PM by nancysicedcoffee https://ift.tt/2Zh99cj
