Isikserra
New Member

Retirement tax questions

Thank you so much for your reply! I want to give more information about myself? I am an independent contractor in a sport club and work as a massage therapist! I receive 1099 from the club!! I am sorry i need to correct i made $8000 contribution to my Sep IRA and $4400 to my Roth and Traditional IRA together so the total is $12400. You are saying that i can do that? Do i need to withdraw the excess

contribution? What do i need to do for tax purposes? Why is my accountant telling me that i can only contribute $8000 all irs accounts combined? How do i need to explain to her? 

Thank you again