Fidelity mistakenly collected backup withholding tax. How do I get that back?
It came to my attention this year that Fidelity is still collecting backup
withholding tax. I have filed the Social Security papers twice, but due to
some "glitch" in Fidelity's system that nobody can explain to me, it isn't
"taking" the change. Needless to say, when I cashed in $45K to pay for our
swimming pool this summer, $12K was retained for backup withholding tax.
This has actually been happening for 5 years now in much, much smaller
amouts. How do I get my $12K back on 2011, and should I amend returns for
the prior years?? THANKS FOR LOOKING. MUCH APPRECIATED!!