How Roth Conversions Are Reported to the IRS

The Internal Revenue Service (IRS) is notorious for misunderstanding the recharacterizations of Roth conversions. After misunderstanding, they send a scary CP2000 form called “IRS Notice of Proposed Adjustment for Underpayment / Overpayment” and require the taxpayer to either send justification of their filing or pay significantly more in taxes and […]

Original: Forbes Real Time