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Old 03-08-09, 10:42 AM
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I left my job this past year and got my Retirement fund of 5,949.60 taxable amount and then they took out 1189.92 for federal taxs withheld sent to me. Well we got a form 1099 will this effect our tax return? Will we have to pay taxes again on this money? Thanks for any help you can provide.
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Old 03-08-09, 11:50 AM
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you might have to file an amended return...you should not have to pay additional taxes on that amount since you already paid, but if the $5949 bumps your overall income and puts you in a higher tax bracket you might have to pay more
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