Client is W-2 employee. Box 13, "Ret plan" is checked on his W-2, however, there is no amount noted in Box 12 as the contribution amount, and all wages match. His weekly paystub shows that he contributes $24 per pay AFTER TAX to his IRA.
The employer contributes an additional $55 per weekly pay period to the IRA. The IRA does not have the employer's name associated with it. The employee received a Form 5498 for $4095 (which includes both his after tax contributions and the employers contributions).
How should this be reported??
The employer contributes an additional $55 per weekly pay period to the IRA. The IRA does not have the employer's name associated with it. The employee received a Form 5498 for $4095 (which includes both his after tax contributions and the employers contributions).
How should this be reported??
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