In December, I wanted to rollover my funds from a profit sharing to an individual IRA with scudder. I thought I had done it correctly until today when my accountant told me that it was just a regular individual account and in effect, I had taken a distribution. It has been past
60 days. Scudder is still looking into it. If the mistake is not corrected I will have a huge tax liablility plus penalties. Any advice would be sincerely appreciated.-------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup.