Guest ken CBT Posted August 2, 1999 Posted August 2, 1999 If you fail to correct a 415 limit for a 12/31/97 plan, can you go ahead and correct it now under APRSC because it's still within 2 year period? Is the corrective distribution(returning salary deferrals) only taxable for 1999 tax year? Is there any penalty/excise tax involved? Your comment/response will greatly appreciated.
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