K-t-F Posted March 1, 2022 Posted March 1, 2022 Client bonused himself $28,000 to max out his deferral He reported on his W2 $28K in box 12 and coded it D I told him he exceeded the 402g limit He withheld taxes from the $28K and deposited $25,858 into the plan. He wants to say that the extra $2K is a voluntary contribution. He can do this (doesn't exceed 415 limit) but it needs to be in Box 14... correct? And technically he needs to actually deposit $28,000... correct? In the end he needs to amend the W2 and make whole the $28K in the plan... correct? Its not easy being green
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