Guest David Barrer Posted February 28, 2003 Posted February 28, 2003 If an employer chooses to adopt a qualified plan during a year when both employee and employer Simple IRA contributions have been made, what happens regarding any account losses when employees effect a "refund" of invalidated contributions? How are the refunds split between employee and employer? Are both sources (employee and employer) refunded to the employee and the whole is taxable? Are gains taxable?
Gary Lesser Posted March 4, 2003 Posted March 4, 2003 The employer can not recover the contributions. See other posts in this section. Your question is under active consideration by the technical wizards that participate on this site.
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