Federal 2010: For Certain Customers Who Inherited an IRA and Rolled Over to Their Own IRA

You may be affected by this issue if ALL of the following are true:

• You filed a 2010 federal return prior to February 24, 2011; AND
• You inherited an IRA account; AND
• You rolled over the inherited account into your own IRA account in 2010; AND
• The 1099-R that you received for that rollover included:
  • Code "4" in Box 7; AND
  • There were amounts in Box 4 (federal income tax withheld) and/or Box 10 (state income tax withheld); AND
• The payment for income tax withholding was from the actual amount rolled over. You did not pay the amounts withheld from your own funds outside of the rolled over amount.

If you are affected by this issue, you may have underpaid your federal tax and will need to amend your federal tax return. Also, your state return may be affected, in which case you will need to amend it as well.

If you need to contact us, please use the phone number in the email from TurboTax and tell the representative you’re calling about the Federal: Inherited IRA – withholding issue.

Let us do the work for you. We highly recommend this.

1. Please download and print this Authorization Form.
2. Complete the form and fax it to us at the number printed at the top of the form.
   • Note: After we receive your completed authorization form, please allow up to 15 days to amend your return.
3. You can print, sign and mail the corrected return to the IRS.

Or you can make the corrections yourself. However, the amend process can be complex.

• To do it yourself, please follow these step-by-step instructions.
  • Amending your federal return and
  • Amending your state return, if your state return is affected.
• After you make the changes to your tax return, you will need to mail a copy of
  • Your federal return to the IRS and
  • Your state return to your state tax authority, if your state return is affected.
• If you need assistance, call us at the phone number in the TurboTax email.