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Personal Finance and Investing

Bayard

(24,145 posts)

3. I don't understand,

Reply to mahatmakanejeeves (Original post)

Fri Dec 15, 2023, 12:58 PM

Dec 2023

Why the IRS would say she had to pay taxes again on money she's already paid taxes on while she was working.

But, these scammers definitely take advantage of older people.

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A former White House scientist was scammed out of $655,000. Then came the IRS. [View all] mahatmakanejeeves Dec 2023 OP

several years ago, UpInArms Dec 2023 #1

I hope that you were able to help question everything Dec 2023 #9

It worked out in her favor UpInArms Dec 2023 #10

The part that really needs more investigation is where she marybourg Dec 2023 #2

I don't understand, Bayard Dec 2023 #3

This is a long story. I've clipped a lot to comply with the four-paragraph limit. NT mahatmakanejeeves Dec 2023 #4

It was a retirement account. There were no taxes taken out until it was withdrawn MichMan Dec 2023 #7

Doesn't she get to deduct the loss of $600k to theft? 3Hotdogs Dec 2023 #5

Nope. mahatmakanejeeves Dec 2023 #6

The tax money she owes on the withdrawal was already withheld MichMan Dec 2023 #8