(no subject)
Ugh. Taxes. It's taken me forever to find documentation on the whole "contributed to an IRA for last year" laws. I mean, I know you can contribute before April 15th, and I know that an Roth IRA isn't tax-deductible, but what does that mean for when you can file your taxes? If I open a Roth IRA, does that mean I can file my taxes before I open it, or do I have to open it first?
Naturally, none of these questions are easily answered by people I know, or easily found on any of the websites. Thank god for Google. I did find the answers there, and then went back to use the same search string on www.irs.gov (http://www.irs.gov/formspubs/display/0,,i1%3D50%26genericId%3D12565,00.html). It's true; file before April 15th and you can still contribute to an IRA. Since a Roth IRA is after-tax money, I don't even have to indicate it on my tax forms. Now, if I was contributing to a Traditional IRA, I'd have to indicate how much I plan to invest on my tax forms, but I'm not eligible for a Traditional IRA. Problem solved.
Why is it so hard to find this sort of information? You shouldn't have to be initiated into some strange society to be able find what you want when you want it. Particularly when it comes to taxes. *sigh* So now I guess I should complete my tax ordeal, and just file. That way I can mail my forms tomorrow (state), and be done with it.
It shouldn't be this difficult, really. The forms aren't that difficult - finding out what the rules are, is.
~Py
Naturally, none of these questions are easily answered by people I know, or easily found on any of the websites. Thank god for Google. I did find the answers there, and then went back to use the same search string on www.irs.gov (http://www.irs.gov/formspubs/display/0,,i1%3D50%26genericId%3D12565,00.html). It's true; file before April 15th and you can still contribute to an IRA. Since a Roth IRA is after-tax money, I don't even have to indicate it on my tax forms. Now, if I was contributing to a Traditional IRA, I'd have to indicate how much I plan to invest on my tax forms, but I'm not eligible for a Traditional IRA. Problem solved.
Why is it so hard to find this sort of information? You shouldn't have to be initiated into some strange society to be able find what you want when you want it. Particularly when it comes to taxes. *sigh* So now I guess I should complete my tax ordeal, and just file. That way I can mail my forms tomorrow (state), and be done with it.
It shouldn't be this difficult, really. The forms aren't that difficult - finding out what the rules are, is.
~Py