Section 403-B and Section 457-B Deferral Plans

Collapse
X
Collapse
 
  • Page of 1
  • Time
  • Show
Clear All
new posts
Previous template Next
  • Thad
    Junior Member
    • Dec 2009
    • 29
    #1

    Section 403-B and Section 457-B Deferral Plans

    A client AGI is $245,727.00. On her W2, she made a $23,990 contribution to Section 403-B. She also made a $13,464 contribution to Section 457-B. On her Form 1040, line item 59, she has incur a $5814.00 additional tax penalty. Why is this penalty being assessed against this taxpayer. Thanks for your feedback.
    Tags: None
    • Thad
      Junior Member
      • Dec 2009
      • 29
      #2
      Disregard any input that you may give me for this inquiry. I have found the answer to my question.

        Comment

        Previous template Next

        Disclaimer

        Collapse

        This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

        Working...