BG5150

It looks the same on Firefox on a PC, though. The unread messages are bunched up on the left like RBG's second image, though not as squished.

I seem to remember something about non-deductible contributions not allowed in QPs. But then again, my memory can be "wacky" sometimes.

And we agree there is no 2017 RMD, right?

Company wants to deduct its 2017 PS and SH contribution on its 2018 taxes? Scenario 1: taxes filed 3/15. Contrib made Aug 15. Scenario 2: taxes on extension. Contrib made Aug 15. Taxes to be filed 9/15. Scenario 3: taxes filed 9/1. Contrib made 11/1.

We don't call them 'recalcitrant.' We call them PITA's

I agree with Bird. Unless there was some sort of agreement (in writing) that the person would cease performing services for the company prior to year end even though they are still a partner.

How can an owner terminate from employment?

When you are calculating earnings, what are you using for the 'loss date'? I've seen some people use just the pay date. Others, 7 business days later. Even others going all the way out until the 15th business day of the month following... From VFCP: So, what date are you using?

Tell the person to just endorse the check and send it to me...

Remember, though, if the person need additional funding over the gateway due to testing concerns, you need to do an 11-g amendment to get them the additional benefit.

My guess it's the 401(a)4-11g date

Us, too. Just put the dates in both spots int he 5500/8955-SSA section of the 5558

My experiences, too, Mike. However, there are always some under-trained agents or those who way over think things.

What kind of correction could there be? 2017 concluded almost 7 months ago.

We have an Employee who has properly opted out of a 4019k) plan. I know he is counted as includable and not benefiting for coverage. But how do I count him for 5500 purposes? Is he a participant for 5a-b? What about 5d(1) and (2)?

The person must get a total of 3% of 415 wages, which does not exclude pre-participation comp.

If the OP left the company, chances are there was a distributable event, and the loan should be offset...

Is the owner the only non-excludable participant? All the others have less than a YOS or are under 21?

I probably have 2,500 good posts. The others would be silly ones, or dumb ones like my first one in this thread.

Is the distribution eligible for rollover? If not, the withholding can be voluntary. (e.g. an RMD or ADP excess)

missed that piece...

Why is that? "Exemption" might be the wrong word, but a plan that is solely funded with 401(k) and Safe Harbor under 401(k)(12) or (13), and 401(m)(11) are deemed not to be top heavy.

Unless those people will push you over the audit threshold, do you this an Agent would be savvy enough to look at the plan to see if the doc called for 0% vested terms to be either deemed distributed right away or wait 5 years?

FWIW, I don't think the Relius 5500 count report treats them as a participant at EOY if they are termed and fully zero percent vested. (I could be wrong, it's been a long time since I've really checked that by hand.)

If the Service gives you a problem, tell them you are using King Solomon as precedent.