More details to this question:
Last year we got a audit from the IRS saying we owe back taxes. It turn out that my 401k was sold in 2017. We never got the money or a statement from the brokerage firm. We try contacting the brokerage firm to find out what happened. They say they will send the statements of what happened but we never got it. On the phone, client support finally stated that everything went to my pervious employer that managed the 401k plan. Now it's almost 2 years, I'm paying the IRS back taxes and penalty but still not able to get any information from the brokerage and former employer on what happened to my 401k and where the money go to. What kind of lawyer do I need and how do I find out what happened? -Thanks X
1 ANSWER
Federal and State Income Taxation Law Attorney serving White Plains, NY
Partner at
Auerbach Law Group, P.C.
You should follow up with your prior employer and you should not be paying the IRS unless you had borrowed your balance in your 401K and had failed to repay it.
Answered on Nov 15th, 2021 at 5:09 AM