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APRSC During Statutory Correction Period


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Guest Robert Collins
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My understanding is that APRSC cannot be used to return excess salary deferral contributions until after April 15th -- deadline in reg 1.401(g)-1. A client insists that Revenue Procedure 99-13 allows for APRSC to be used before April 15th AND that the distribution is taxes ONLY in 1999. Does anyone else have this understanding of APRSC?

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