@Brian Gilmore This was really helpful. Our provider just alerted us to the need to refund $2000 in excess contributions to an HCE that were for the 2020 plan year, but in my eyes that year has closed, and this would be considered taxable in the year of receipt 2021. Would we have to do a 2020 W-2c and correct the 941, or would it be considered taxable for the 2021 year? Everything I am reading online seems to lean towards the latter because the funds are being made available in the current year.
