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Showing content with the highest reputation on 01/10/2013 in all forums
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FICA Taxable ?
K2retire and one other reacted to Andy the Actuary for a topic
Mimeograph??? You mean the aluminum cyllinder to which you affixed a purple gelatin sheet and then sniffed the resulting product dry?2 points -
Elective Deferral Paid By Employee Ok?
ETA Consulting LLC reacted to mwyatt for a topic
Assuming that the effective date is indeed 12/19/2012 and not 1/1/2012 and a calendar year, there is a far larger problem looming: 415 limit. An effective date of 12/19/2012 and year end of 12/31/2012 gives a 13 day year, so you're operating with a dollar limit of $50,000 * 13 / 366 = $1,766. Oops.1 point -
FICA Taxable ?
david rigby reacted to BG5150 for a topic
Brings back fond memories of grammar school.1 point -
FICA Taxable ?
david rigby reacted to BG5150 for a topic
Darn, Andy. I usually just mimeograph posts at BL and send them to my clients to help in their defense during audits and investigations.1 point -
FICA Taxable ?
MoJo reacted to david rigby for a topic
You have (almost) answered your own question. Distributions from a qualified plan are not subject to FICA. But, since you expressed some doubt, it would be prudent to make sure your plan really is qualified (which is more - much more - than just asking the "salesperson"). Got an accountant? an attorney?1 point