Hi there just wanted to rant about taxes on simple IRA's. My husband took out a simple IRA through Morgan Stanley. The company that he works for would take out 3% of his earnings and place it into an account, and Morgan Stanley would match the 3% that we put in there....... Now it seems that the company didn't show that the taxes taken out of it and neither has Morgan Stanley, so it looks like we might have to pay taxes on that 3% which will totally suck....... we are supposed to get a credit on that not having to pay taxes on it, so i am hoping and praying that Mike(CPA friend) can figure this out and that way we won't have to pay taxes on it, but if we do i hope it's not that much...... I will keep you all posted on what happens next.
