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Showing content with the highest reputation on 07/18/2017 in all forums
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"Spouse is beneficiary"..."Prove it!"
MoJo reacted to david rigby for a topic
I'm hoping this oxymoronic phrase dies as quickly as possible.1 point -
Seems like you are getting too tied up by the nomenclature and not looking at the facts. Let's re-label the "profit sharing contribution" they have the choice on to "bonus paid based on profits". If it is a bonus does that make the answer easier to you? it does to me. It is clearly a 401(k) deferral of a bonus based on profits. it is clearly taxable in the year paid and thus that is the limitation year you look to.1 point
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