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Showing content with the highest reputation on 11/13/2017 in all forums
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401K Deferral Question
JimW58 reacted to david rigby for a topic
Echoing Tom, you might approach this as an "opportunity to clear up a confusion". If the ER has been operating the plan incorrectly, your role is helping educate them.1 point -
so send them the info from the IRS website and tell them gently and kindly they need to change their understanding of how catch ups work. the idea is avoid 'stepping on toes' in an angry manner or anything like that good luck and much success.1 point
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2017 RMD taken in 2018
K2retire reacted to ETA Consulting LLC for a topic
I just don't see why a distribution would be taxed in any year other than the year it was received. RMDs merely deal with when a distribution must be taken from the plan; this says nothing about taxation. Under what authority would there be a tax on a distribution that has not been taken. So, if the distribution is actually taken in 2018, then that is when it would be taxed. Good Luck!1 point -
I agree it is not a CG unless A& B are married or other attribution rules in play. As for ASG - I hate these determinations so won't comment other than to say you should consider the possibility. Lastly, does A get a W-2 from Publisher? If not your comment about "no self employment income" would lead me to believe that A does not have any wages on which to make a 401(k) deferral.1 point
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