Need some 401k/tax/payroll help

[Jackburton]

Please let us know the outcome.

I will, just sucks when you try to do everything right and they just move stuff around without any phone call or anything. Imagine if I didn't look and it was past tax day and I owed taxes. The IRS is not someone I want to owe money to.

 

[Brownslave688]

I will, just sucks when you try to do everything right and they just move stuff around without any phone call or anything. Imagine if I didn't look and it was past tax day and I owed taxes. The IRS is not someone I want to owe money to.

They wouldn't notice unless you got audited.

 

[IVE GOTTA PACKAGE 4U]

I will, just sucks when you try to do everything right and they just move stuff around without any phone call or anything. Imagine if I didn't look and it was past tax day and I owed taxes. The IRS is not someone I want to owe money to.

That can be a real nightmare.

 

[oldngray]

They wouldn't notice unless you got audited.

Many returns have small errors the IRS lets slide. It happens too often to audit every one.

Do you feel lucky?

 

[Jackburton]

They wouldn't notice unless you got audited.

I do my taxes as if I will. I take pictures and have receipts of charitable item donations from 5 years ago I store on a flash drive. I don't want anyone to question my integrity, including the IRS.

 

[Brownslave688]

Many returns have small errors the IRS lets slide. It happens too often to audit every one.

Do you feel lucky?

I'm sure they all have some type of error. Or at least a large majority.


It's too ing complicated.


Just tax everyone the same and do away with all of the wasted money.

 

[IVE GOTTA PACKAGE 4U]

I'm sure they all have some type of air. Or at least a large majority.


It's too ing complicated.


Just tax everyone the same and do away with all of the wasted money.

They are already trying to go after our ROTH money.

 

[oldngray]

They are already trying to go after our ROTH money.

Too much money sitting in retirement accounts. So the government will help themselves to a cut.

 

[Brownslave688]

They are already trying to go after our ROTH money.

La la la la la la la

 

[Brownslave688]

Too much money sitting in retirement accounts. So the government will help themselves to a cut.

I'm sure they hate people like me.


Plan on using up all of my wife's retirement money first and just letting my Roth grow grow grow.

 

[oldngray]

I'm sure they all have some type of air. Or at least a large majority.


It's too ing complicated.


Just tax everyone the same and do away with all of the wasted money.

I absolutely agree. Simplify the tax code. Do away with all the ways people can get creative about deductions. Flax tax but with several tiers based on income.

Of course that would put a lot of lawyers and tax people out of a job but maybe they could find a more productive occupation.

 

[Wally]

And congratulations on saving that much.

Almost as much as I've's bar tab.

 

[IVE GOTTA PACKAGE 4U]

Too much money sitting in retirement accounts. So the government will help themselves to a cut.

They want to make it an indirect tax. They want to include that on your MAGI so they can make your SS taxable.

 

[IVE GOTTA PACKAGE 4U]

La la la la la la la

Diaper money

 

[oldngray]

They want to make it an indirect tax. They want to include that on your MAGI so they can make your SS taxable.

Remember how they changed IRA's soon after introduction because people were saving too much money (and paying less in tax)? That was when people had to switch to 401k's which weren't as good.

 

[Brownslave688]

They want to make it an indirect tax. They want to include that on your MAGI so they can make your SS taxable.

More you've got to much shame on you. Let's give it to someone else.

 

[oldngray]

More you've got to much shame on you. Let's give it to someone else.

Got to pay for that free college for everyone else.

 

[Jackburton]

Was talking to someone on another forum, they suggested it might be a HCE due to the date they took and re categorized the funds. They suggested I hit the company limit due to low 401k participation for the year.
This would explain the March 14th transactions. I know Hoaxster had mentioned he would sometimes receive money back due to the HCE clause, but I recall he was sent a check, not moved into another tax category.
http://www.401khelpcenter.com/mpower/feature_030702.html#.Vu2iXUX3anM

Thoughts?

 

[Brownslave688]

Was talking to someone on another forum, they suggested it might be a HCE due to the date they took and re categorized the funds. They suggested I hit the company limit due to low 401k participation for the year.
This would explain the March 14th transactions. I know Hoaxster had mentioned he would sometimes receive money back due to the HCE clause, but I recall he was sent a check, not moved into another tax category.
http://www.401khelpcenter.com/mpower/feature_030702.html#.Vu2iXUX3anM

Thoughts?

STFU so you're punished for saving more than other people?

 

[Jackburton]

STFU so you're punished for saving more than other people?

Under the HCE, yes.