Roth IRA income limit
March 12, 2008 10:02 PM   Subscribe

How does the IRS find out if you exceed the income limit and contribute to a Roth IRA?
posted by Kimpossible to Work & Money (2 answers total)
Also, I believe they look at the statements your bank or brokerage submits to them detailing your contribution to your Roth IRA.
posted by zippy at 10:14 PM on March 12, 2008

Bingo on the first two commenters.

I asked my accountant for his best tax advice recently. "Never try to cheat the IRS," he said.
posted by jdroth at 10:39 PM on March 12, 2008

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