Client contributed to a Roth IRA, but because of his income, he wasn't allowed to. I believe anybody can have an Traditional IRA, it just might not be deductible. Could he simply recharacterize to an IRA? Problem solved?
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Roth ira excess contribution/recharacterization
When in doubt, RTFM or something close to that.
TTB Page 13-14/13-15 provides explanation on that the taxpayer must do and what must be reported on the tax return.Friends double; family triple. Don't buy an audit for yourself. If someone has to go to jail make sure it is the client. Remember it is only taxes, nothing important.
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