I received a bill fro the IRS for exceeding the maximum contribution for a Roth IRA for 2018

posted

For a 2018 contribution? What type of letter (a CP xxx ) letter? What does it say?

I find that very unusual since Roth IRA contribution are not reported on a tax return at all - only the IRA custodian reports to the IRS and then that is on a 5498 form issued in May and it would take the IRS months to find a problem.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**