Guest KJNFLA Posted November 10, 2008 Posted November 10, 2008 A participant deferred $17,000 for 2007 into one plan. Obviously over the $15,500 limit (she is under the age of 50), my question is... is the Employer responsible for any of the tax? The 10% or the double taxation issue? (Refund was given after April 15th of 2008). Thank you!!
Tom Poje Posted November 11, 2008 Posted November 11, 2008 legally or otherwise? the particpant is the one who must pay the tax. its all in their name. can they recoup that by complaining to management, etc? that is different matter.
mphs77 Posted November 11, 2008 Posted November 11, 2008 Would there not be an excise tax on the Employer for failure to remit the excess until after April 15th?
Guest KJNFLA Posted November 12, 2008 Posted November 12, 2008 No excise tax in this situation... I figured it was a "complaint to management" issue. THANKS!!
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