Hello Kina,
What is it about November 30th that is a special date?
You say you returned a distribution to your IRA account. How soon after receiving this distribution did you put in back in to your account?
Everything I have read says the distribution has to be returned before November 30.
I put the money back the day after I received it.
Hello again Kina,
Thank you for the clarification. I understand now what you are referring to.
If you returned the distribution you received to your IRA account, then you will receive a refund of the $800 taxes which were withheld when you file your 2009 tax return. The investment firm that holds your IRA cannot issue you a refund for those taxes. That can only be issued by the IRS and they will only issue refunds once each year when you file your return.
You can generally file your return any time after February 1st, 2010. If you file electronically you will generally receive any refund you have coming within two weeks. If you file by mail it takes longer to receive -- usually around 5 to 6 weeks. But this will be the only way you get a refund of the taxes that were withheld.
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Thank you Kina
Accountant
25+ years tax consulting. Specializing in returns for US citizens living abroad