"news" <news[at]news.astraweb.com> wrote in message
news:a16tr15q5c44on4rrinvdgia76r7ep19fa[at]4ax.com...
- quote -

You could benefit from professional planning assistance - this is one of the
reasons I so dislike the discount programs, they are great if you know all
the rules, but if you need guidance they don't fare quite so well.

As for your CPA, I'd advise you to seek professional advice rather than
giving professionals specific instructions.

SEP-IRAs have a contribution due date of the date of the return INCLUDING
extensions. So, had you extended your return on 04/15/05 until the
transaction cleared Vanguard you could have filed your return on 04/19/05
and KEPT the contribution. The extension form provides for payment of any
balance due, so that could easily have been taken care of.

Good luck,
Gene E. Utterback, EA, RFC

Hi i have a weird problem here and would like find a way to solve it.
I'm self-employeed and opened a sep-ira with vanguard last year. i
made the request for contributing 3k towards sep-ira on april
15th(friday), which is the last day to make contribution for 2004.
unfortuanately, my statement shown that the transaction was posted on
the 18th(monday). anyways, i already paid my taxes and asked my cpa
to make amend on my 1040 in order to recoup the income tax i paid for
that 3k contribution. since the statement show that contribution was
made on the 18th and not the 15th, it wasn't eligible for 2004
contribution. i already contacted vanguard but they are not able to
provide comfirmation that i made the attempt online on the
15th(weird), can i just convert it to roth ira since i made the
contribition with after-tax dollars? do i need to open a roth account
first b/4 doing that? TIA

dave