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#1
02-05-2004, 03:11 AM
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 Re: Overcontribution to 401k question zztop54321[at]yahoo.com (ZR Tuge) wrote: - quote - > Due to changing jobs 4 times last year, I actually
You need to withdraw the excess $275 by the due date of the> overcontributed to my 401k by $275.00 beyond the 12K > permitted. My company's payroll isn't interested in helping > - how can I remedy this on my tax returns and ensure I pay > the extra taxes when my W2 shows I overcontributed? tax return. Make sure the administrator of the 401k understands that you are withdrawing an excess contribution. You have to include the $275 in income on your 2003 tax return. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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02-04-2004, 03:13 AM
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| Re: Overcontribution to 401k question zztop54321[at]yahoo.com (ZR Tuge) writes: - quote - > Due to changing jobs 4 times last year, I actually
See Publication 525. You'll add the $275 to your W-2 wages.> overcontributed to my 401k by $275.00 beyond the 12K > permitted. My company's payroll isn't interested in helping > - how can I remedy this on my tax returns and ensure I pay > the extra taxes when my W2 shows I overcontributed? Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
02-03-2004, 06:40 AM
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| Overcontribution to 401k question Due to changing jobs 4 times last year, I actually overcontributed to my 401k by $275.00 beyond the 12K permitted. My company's payroll isn't interested in helping - how can I remedy this on my tax returns and ensure I pay the extra taxes when my W2 shows I overcontributed? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| 401k, overcontribution, question |
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