Withdrawal of Excessive Simple IRA contributions
L1: Withdrawal of Excessive Simple IRA contributionsBefore I post the facts of my question, just want to make sure you offer assistance regarding 72(t) questions regarding Simple IRA withdrawals and not just SEPP plans?
LT2016-08-18 17:19, By: LT, IP: [22.214.171.124]
L2: Withdrawal of Excessive Simple IRA contributionsGoogle your topic, or go to irs.gov
There are 3 remedies too long to detail here on what to do if you contributed more than the allowed contribution. Basically you can withdraw the excess before the extended due date of the return, or apply the excess towards the following year contribution, as long as you do not take a deduction for more than the allowable amount.2016-08-18 17:41, By: DLZALLESTAXES, IP: [126.96.36.199]