Client's W2s are wrong and I could use some advice on ho to proceed. Employee contributions to their Roth 401k were listed as regular 401k contributions. The money was treated as pretax so that box 1 is smaller than boxes 3 & 5.
Employer had the W2s corrected so that box 14 indicates Roth 401k code AA. BUT the money in box 1 is still pretax.
Should the w2 be changed so that box 14 is congruent with the data in box 1? Can I just change the W2 back to the regular 471k code D? Should the w2s be corrected a 2nd time?
Any tips and advice is appreciated.
Employer had the W2s corrected so that box 14 indicates Roth 401k code AA. BUT the money in box 1 is still pretax.
Should the w2 be changed so that box 14 is congruent with the data in box 1? Can I just change the W2 back to the regular 471k code D? Should the w2s be corrected a 2nd time?
Any tips and advice is appreciated.
Comment