“If you put too much in an Individual Retirement Account, you can expect to hear from the Internal Revenue Service. That’s the bottom line of a new report by the Treasury Inspector General for Tax Administration, ‘Actions Can Be Taken To Further Improve The Strategy For Addressing Excess Contributions To Individual Retirement Arrangements.’ It’s not just taxpayers making mistakes. When analyzing tax year 2011 Forms 5498 for excess contributions, TIGTA determined that approximately 834,000 (7 percent) of 11.9 million Forms 5498 filed by IRA custodians appeared to be inaccurate.”
http://www.forbes.com/sites/ashleaebeling/2015/04/23/the-danger-of-overstuffing-your-ira/
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