My only share holder client had payroll deduction of $13,000 for 401k for 2005.
I think she can still deduct $29,000 as profit sharing before 09/15. Total limitation is $43,000 for 2005.
Her Compensation on W-2 is $134,750 (Box 5). Box 1 is 122,750
Thanks
I think she can still deduct $29,000 as profit sharing before 09/15. Total limitation is $43,000 for 2005.
Her Compensation on W-2 is $134,750 (Box 5). Box 1 is 122,750
Thanks
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