IRS Audit - Backdoor Roth

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zebrafish
Posts: 531
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Re: IRS Audit - Backdoor Roth

Postby zebrafish » Sun Jun 18, 2017 10:11 pm

I've just received a CP2000 for 2015 (!) tax year in regards to backdoor Roth and IRS claiming I owe taxes on this. Same issue as described above where I used Turbotax for my return. IRS seeking almost $5000 in back taxes/penalties/interest. No audit.

Submitting 8606 and 5498 to IRS today.

Will post follow up about resolution/non-resolution.

United2008
Posts: 101
Joined: Tue Dec 01, 2015 7:01 pm

Re: IRS Audit - Backdoor Roth

Postby United2008 » Mon Jun 19, 2017 1:31 pm

A couple of law professors (Manns and Todd) recently published an article suggesting that the 6th Circuit's recent decision in Summa Holdings supports the backdoor roth. I can't republish the article here but perhaps someone else can dig it up via google or SSRN.

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mrc
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Re: IRS Audit - Backdoor Roth

Postby mrc » Mon Jun 19, 2017 2:08 pm

A great challenge of life: Knowing enough to think you're doing it right, but not enough to know you're doing it wrong. — Neil deGrasse Tyson

Goodman60
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Joined: Mon Jun 03, 2013 8:53 pm

Re: IRS Audit - Backdoor Roth

Postby Goodman60 » Mon Jun 19, 2017 3:04 pm

Seems like many Bogleheads have gotten CP2000 notices about 2015 backdoor Roth conversions during the past few weeks:

viewtopic.php?f=2&t=221314


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