I've never had to do this before. DH had a 401k through his old job. We did not carry it over to his new job. Last year we withdrew everything in it because we needed the money and nothing else was being put into it. Well the guy who was on the phone with my husband recommened that we just get taxes taken out of it then so we didn't have to deal with anything around tax time(now). We are young.. (24 & 22), The guy from the company with the 401k didn't explain that we would need to file taxes with a 1099-R form. Well, fast forward to today when we got the forms in the mail and I have already efile our w2s. gahhhhh.
My question is, has anyone had this happen to them?
I was told to wait to get the taxes back since they were already accepted by the IRS, and then file and addendum.
How do I do that!? I am so worry that we are going to get in a lot of trouble because I didn't get this form and efile with it.