My dad, without my knowledge prior to doing so, opened at least one IRA account in my name. He withdrew the money and I now owe the IRS money for the tax penalty. I’m basically illiterate when it comes to these kinds of things and I’m not really sure where to start for finding more information on how many accounts were opened, when they were, or how. My boyfriend tells me I should not be okay with this and has mentioned that my dad may have done this as a tax loophole knowing he would be “sticking me with the bill.”
If that is the case, I’d like to confront him about it but only after establishing at least a base knowledge of how he was able to do this and what motives may exist.
Submitted May 06, 2018 at 10:49PM by toorowepricey https://ift.tt/2HZnG2r
