P
Paul
I had an excess 401(k)contribution in 2006 because of a
failed ADP test, and the refund was paid by March 15, 2007.
In January 2008, I will receive a 2007 1099-R with code P
(taxable in 2006). Would there be any penalty if I waited
until I received the 1099-R in January 2008 and then paid
the tax by filing a 1040x for 2006?
failed ADP test, and the refund was paid by March 15, 2007.
In January 2008, I will receive a 2007 1099-R with code P
(taxable in 2006). Would there be any penalty if I waited
until I received the 1099-R in January 2008 and then paid
the tax by filing a 1040x for 2006?
Last edited by a moderator: