401k EE elective deferral - where accounted for on 1120
Posted 17 November 2010 - 03:06 PM
Posted 17 November 2010 - 03:50 PM
So my answer is line 23.
Posted 18 November 2010 - 03:43 PM
Posted 18 November 2010 - 06:53 PM
Posted 19 November 2010 - 11:19 AM
Second, having not worked in depth w/ the 1120 in several years, I can't say for certain that nowhere else calls either of those specific lines (like in some worksheet or something), but I'd say it's highly unlikely to have any net tax effect if you put it on line 13 versus line 23. The first possibility that comes to mind is 263A costs but even there it should get sucked back in depending on how you do the calc.
Posted 19 November 2010 - 05:38 PM
Posted 19 November 2010 - 05:57 PM
Also, there are a number of the places that compensation might be reallocated to (such as 263A as I noted), so the IRS is well aware that it cannot rely on line 13 as a true "plan eligible" comp.
Edited by masteff, 19 November 2010 - 05:59 PM.
Posted 21 November 2010 - 07:38 PM
Posted 21 November 2010 - 08:50 PM