alexa Posted March 21, 2006 Posted March 21, 2006 We have an HCE who terminated & rolled his 401k account to IRA that is due a refund due to our test failing What needs to be done to get this out of IRA How is the taxation handled in IRA are there any excise taxes for IRA? thanks
WDIK Posted March 21, 2006 Posted March 21, 2006 http://benefitslink.com/boards/index.php?showtopic=23411 ...but then again, What Do I Know?
Guest Noodle Posted March 21, 2006 Posted March 21, 2006 I suspect 408(d)(5)(B) can answer the rest of your question. - Noodle
alexa Posted March 22, 2006 Author Posted March 22, 2006 How does Form 1099 for 401k plan rollover distribution need to be amended? Thanks
alexa Posted March 22, 2006 Author Posted March 22, 2006 I suspect 408(d)(5)(B) can answer the rest of your question. - Noodle When must the distribution from the IRA take place by? 4/15 If after that date what penalties apply- is it still 6% excise tax?
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