Santo Gold Posted January 8, 2009 Posted January 8, 2009 I'm still getting more details on this, but a SEP plan was overfunded for 2008. Is the correction of this problem the same as with a qualified plan? Take out the excess, pay a 10% tax, file a 5330? Thanks
Gary Lesser Posted January 12, 2009 Posted January 12, 2009 No. Different rules apply. Specifically, what limits were exceeded? With details.
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