Posted 07 April 2004 - 10:22 AM
For example, I have a 2003 deferral (12/23/03 payroll date) that wasn't processed until March 2004. Should this deferral be included in my 2003 402g test?
Posted 07 April 2004 - 10:42 AM
The employer will also have to make up lost earnings for late deferrals, file Form 5330 with excise tax, etc.
Posted 07 April 2004 - 10:56 AM
if it is more than the 402(g) limit they will tax, whether you distribute the $ or not.
you only have a few days left to fix that.
and if you don't, then when the person takes an actual distribution, he will be taxed again.
bah. I must find a way to stop filing dead lines from coming