ratherbereading Posted July 21, 2015 Posted July 21, 2015 Company neglected to take loan repayments from participant's paycheck. Loan taken in 2013. Investment house defaulted loan in 2014 and a 1099-R was issued in 2015 for 2014 for the loan amount. Is there any way to have the 1099-R reversed and the loan paid back now? Participant is still employed. Can this be corrected through the self-correction program? 4 out of 3 people struggle with math
austin3515 Posted July 22, 2015 Posted July 22, 2015 But the user fee is just $300 now, and it's not too difficult of a process. Austin Powers, CPA, QPA, ERPA
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