Santo Gold Posted April 1, 2014 Report Share Posted April 1, 2014 A SIMPLE-IRA plan covers only owner and spouse (no other EEs). They have been depositing $$$ into the plan for several years. It was just now discovered that their W-2s were not reflecting the contributions they made to the plan. Is there any problem with the SIMPLE as a result of this? I think any corrections would involve revised W-2's and amended tax filings for all those years, which would presumably result in a nice retoractive refund. But the SIMPLE would not need to be fixed or corrected, is that right? Thanks - Mike Link to comment Share on other sites More sharing options...
Gary Lesser Posted April 7, 2014 Report Share Posted April 7, 2014 Seems like you have a W-2 problem. Be certain that whoever completed the W-2 form completed the other boxes correctly and didn't net out amounts in box 1. This oversight, alone, wd not affect the SIMPLE. Link to comment Share on other sites More sharing options...
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