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Re-deposit excess contributions and make QNEC instead?


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Guest Pam Mc
Posted

ADP test failed, refunds made by 3/15/06. Later discovered that an HCE was coded as an NHCE, so test fails worse. HCEs were not happy about getting refunds in the first place, now will have to get more. Before calling the client, my supervisor wants to know all options. One I am not sure of, can they re-deposit the refunds they got and do QNEC instead?

Any help is appreciated!

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