sample form 5330 for late contributionsBlog

sample form 5330 for late contributions

. The term qualified plan does not include certain governmental plans and certain plans maintained by tax-exempt organizations. Hao Zou Macalester College, [email protected] Follow this and additional works at: hp://digitalcommons.macalester.edu/ economics_honors_projects Part of the Finance Commons is Honors Project is brought to you for free and . The identifying number of an individual, other than a sole proprietor with an EIN, is the individuals SSN. Amounts paid in excess of the loss are not considered restorative payments. To claim a refund of overpaid taxes reportable on Form 5330. However, the amount the employer receives is subject to the 20% excise tax. Sale or exchange, or leasing of any property between a plan and a disqualified person. Instead, see Where To File, earlier. Enter the nine-digit EIN assigned to the plan sponsor. The term correction is defined as undoing the prohibited transaction to the extent possible, but in any case placing the plan in a financial position not worse than that in which it would be if the disqualified person were acting under the highest fiduciary standards. For example, a plan year ending March 31, 2021, should be shown as 03/31/2021. A rehabilitation plan is a plan which consists of actions, including options or a range of options to be proposed to the bargaining parties, formulated to enable the plan to cease to be in critical status by the end of the rehabilitation period. A Health Savings Account described in section 223(d). section 4975(a), FMV must be determined as of the date on which the prohibited transaction occurs. The Form 5330 has one job - to accompany remittances of certain excise taxes that are associated with qualified retirement plans and 403 (b) plans. section 4971(g)(5). See section 4978(b)(2) for the limitation on the amount of tax. 2013-4, 2013-1 I.R.B. If you file Form 5330 for a claim for refund or credit, show the amount of overreported tax in parentheses on line 19. Section 4976 imposes an excise tax on employers who maintain a funded welfare benefit plan that provides a disqualified benefit during any tax year. This number assists the IRS in properly identifying the plan and time period for which Form 5330 is being filed. An employer, any of whose employees are covered by the plan. Enter the total amount of the disqualified benefit under section 4976. Section 4973(a) imposes a 6% excise tax on excess contributions to section 403(b)(7)(A) custodial accounts at the close of the tax year. The retirement of the employee after the employee has reached age 59. Synthetic equity may also include a stock appreciation right, phantom stock unit, or similar right to a future cash payment based on the value of the stock or appreciation; and nonqualified deferred compensation as described in Regulations section 1.409(p)-1(f)(2)(iv). Example: An employer or an individual required to file an excise tax return related to employee benefit plans can file Form 5330 electronically. Back to top; How late interest is calculated File the paper Form 5330 at the following address: You can use certain private delivery services (PDSs) designated by the IRS to meet the timely mailing as timely filing/paying rule for tax returns and payments. Each late deposit should be reported on Schedule C of Form 5330, which must filed by the end of the 7 th month following the plan's year end and can be extended for 6 months. No accumulated funding deficiency for any plan year during the funding improvement period, taking into account any extension of the amortization period under If the Form 5330 is filed more than 15 months after plan year-end, there may be late fees assessed. Just be sure to deposit the money as soon as possible, pay the lost earnings, and file the Form 5330 with the excise tax. The prohibited transaction rules of section 4975(c) will not apply to any transaction in connection with investment advice if the investment advice provided by a fiduciary adviser is provided under an eligible investment advice arrangement. For this purpose, the taxable period is the period beginning with the end of the plan year where there is an unpaid minimum required contribution or an accumulated funding deficiency and ending on the earlier of: The date the notice of deficiency for the section 4971(a) excise tax is mailed, or. We demonstrate that such a resolution can be achieved in practice at 200 kV. Enter the amount excludable under section 415(c) (limit on annual additions). It's rare that updates to the Form 5500 warrant little more than a yawn, if anyone other than those who prepare the forms even notice. Any transaction with contractual protection within the meaning of Regulations section 1.6011-4(b)(4). If the IRS determined at any time that your plan was a plan as defined above, it will always remain subject to the excise tax on prohibited transactions under section 4975. (See Figure 2, above.) The separation of the employee from service for any period that results in a 1-year break in service, as defined in section 411(a)(6)(A). Enter the excise tax amount on line 2 and on Part I, line 10d. If you fail to pay the excise tax (using IRS Form 5330), you may be charged penalties and interest in addition to the unpaid excise tax. In the case of a plan entity, an entity manager is any person who approves or otherwise causes the tax-exempt entity to be a party to a prohibited tax shelter transaction. If you make a mistake, no problem. Section 4972 imposes an excise tax on employers who make nondeductible contributions to their qualified plans. For purposes of items1 and 2 above, a prohibited allocation of qualified securities by any ESOP or eligible worker-owned cooperative is any allocation of qualified securities acquired in a nonrecognition-of-gain sale under section 1042, which violates section 409(n), and any benefit that accrues to any person in violation of 571, Tax-Sheltered Annuity Plans (403(b) Plans), for that year. We ask for the information on this form to carry out the Internal Revenue laws of the United States. For purposes of items 3 and 4, under Line 6, earlier, the excise tax on these transactions under section 4979A is 50% of the amount involved. The plan's funded percentage as of the close of the funding improvement period equals or exceeds a percentage equal to the sum of: The percentage as of the beginning of the funding improvement period, plus. (For plan years beginning after December 31, 2007, the requirement to give 204(h) notice was extended to an employer who has an obligation to contribute to a multiemployer plan.). File an amended Form 5330 for any of the following. (section 4971(h)); Nondeductible contributions to qualified plans The taxable period that begins on the date the loan occurs runs from July 1, 2021 (date of loan), through December 31, 2022 (date of correction). A person working as a Retail Merchandiser in Ethiopia typically earns around 4,050 ETB per month. Where can I find the 5330 attachment? Late Deferral Deposit Correction - Employee Benefits Law Group 2002-43 contains unpaid interest. Vestwell is currently working on Form 5330s relating to late payroll deposits. See the instructions for Schedule C, line 2, columns (d) and (e), for a definition of taxable period.. An official website of the United States Government. Form 5330 Purposes - Plan sponsors report only the interest on late deferrals for purposes of considering the amount of the prohibited transaction subject to excise taxes. The association, committee, joint board of trustees, or other similar group of representatives of the parties who establish or maintain the plan, if the plan is established or maintained jointly by one or more employers and one or more employee organizations, or by two or more employers. Get Form How to create an eSignature for the fillable form 5330 The DOL's Voluntary Fiduciary Correction Program (VFCP) permits eligible 3 plan sponsors to disclose and correct various fiduciary failures, including late deposit errors. A trust described in section 401(a) that forms part of a plan. 291 at www.irs.gov/irb/2003-32_IRB/ar11.html. (Any interest and penalties imposed for the delinquent filing of Form 5330 and the delinquent payment of the excise tax for 2020 will be billed separately to the disqualified person.) Tax on Reversion of Qualified Plan Assets to an Employer (Section 4980), Schedule J. Section 4980F imposes an excise tax on an employer (or, in the case of a multiemployer plan, the plan) for failure to give section 204(h) notice of plan amendments that provide for a significant reduction in the rate of future benefit accrual or the elimination or significant reduction of an early retirement benefit or retirement-type subsidy. A failure of an applicable plan reducing future benefit accruals to satisfy notice requirements (section 4980F). An individual liable for the tax under section 4973(a)(3) because an excess contribution to a section 403(b)(7)(A) custodial account was made for them and that excess has not been eliminated, as specified in sections 4973(c)(2)(A) and (B). Generally, if a disqualified person enters into a direct or indirect prohibited transaction, listed in (1) through (4) below, in connection with the acquisition, holding, or disposition of certain securities or commodities, and the transaction is corrected within the correction period, it will not be treated as a prohibited transaction and no tax will be assessed. Additionally, the attribution rules defining family member are modified to include the individual's: Ancestor or lineal descendant of the individual or the individual's spouse, and. Having access to the QPe, and other resources, including Derrin Watson's book make research . Book Description The Victorian novelist Ellen Wood, better known as "Mrs. Henry Wood", became an international publishing phenomenon with the controversial 'East . By Cynchbeast, July 10, 2014 in Retirement Plans in General. Assessment, Form 11-K Filing, Form 5330, Form 5500, Form 5558, Form 8955-SSA, Former Key Employee . The Form 5330 for the year ending December 31, 2021. Enter the tax year of the employer, entity, or individual on whom the tax is imposed by using the plan year beginning and ending dates entered in Part I of Form 5500 or by using the tax year of the business return filed. Form 5558 does not extend the time to pay your taxes. See Where To File below. Very limited .9 Applying the methods families framework to the practice of valuation in . Use professional pre-built templates to fill in and sign documents online faster. Contributions, Employer, Employer Discretionary Contribution, EIN, Employer Match True-Up, Employer . The tax due is $900 ($6,000 x 15%). Prohibited allocations for ESOP or worker-owned cooperative. A prohibited transaction is, The amount involved in a prohibited transaction means the greater of the amount of money and the fair market value (FMV) of the other property given, or the amount of money and the FMV of the other property received. Attach the payment to your return. A plan entity manager of a tax-exempt entity who approves, or otherwise causes the entity to be party to, a prohibited tax shelter transaction during the tax year and knows or has reason to know the transaction is a prohibited tax shelter transaction under section 4965(a)(2). A spouse of an individual legally separated from an individual under a decree of divorce or separate maintenance is not treated as the individual's spouse. Do not abbreviate the country name. Ever. A governmental plan within the meaning of section 414(d). For purposes of section 4978, an exchange of qualified securities in a reorganization described in section 368(a)(1) for stock of another corporation will not be treated as a disposition. Form 5330 Corner Form 5330, Return of Excise Taxes Related to Employee Benefit Plans PDF Instructions PDF Tips for Preparing Form 5330: Sign the Form 5330 Use the correct plan number Do not leave plan number blank Double check the plan number File separate Form 5330s to report two or more excise taxes with different due dates The date on which the tax under section 4975(a) is assessed. Except to the extent provided in regulations, the value of qualified securities held by the plan or cooperative after the disposition is less than 30% of the total value of all employer securities as of the disposition (60% of the total value of all employer securities in the case of any qualified employer securities acquired in a qualified gratuitous transfer to which section 664(g) applied). Any employer who maintains a plan described in section 401(a), 403(a), 403(b), 408(k), or 501(c)(18) may be subject to an excise tax on excess aggregate contributions made on behalf of highly compensated employees. last day of the month following the month in which the failure occurred. Generally, the tax is 20% of the amount of the employer reversion. The excess aggregate contributions subject to the section 4979 excise tax are equal to the amount by which the aggregate matching contributions of the employer and the employee contributions (and any qualified nonelective contribution or elective contribution taken into account in computing the contribution percentage under section 401(m)) actually made on behalf of the highly compensated employees for each plan year exceed the maximum amount of contributions permitted in the contribution percentage computation under section The amount involved includes the following. Tax on Excess Contributions to Section 403(b)(7)(A) Custodial Accounts (Section 4973(a)(3)), Schedule C. Tax on Prohibited Transactions (Section 4975). 4 If you correct the error according to the VFCP, the DOL will issue you a "no-action letter." For these purposes, multiemployer plans are not taken into consideration in applying the overall limit on deductions where there is a combination of defined benefit and defined contribution plans. In an obvious first step, the contributions should be deposited immediately if this has not happened already. Therefore, in this example, there are two prohibited transactions, the first occurring on July 1, 2021, and ending on December 31, 2021, and the second occurring on January 1, 2022, and ending on December 31, 2022. If additional space is needed, you may attach a statement fully explaining the correction and identifying persons involved in the prohibited transaction. Form 5330 Filing Relief IRS Notice 2020-35, Additional Administrative Relief with Respect to Deadlines Applicable to Employment Taxes, Employee Benefits, and Exempt Organizations Affected by the Ongoing Coronavirus Disease 2019 Pandemic, includes relief on the filing of Form 5330 and payment of the associated excise taxes. A member of a family is the spouse, ancestor, lineal descendant, and any spouse of a lineal descendant. Under section 4971(h)(2), the excise tax amount with respect to any CSEC plan sponsor for any tax year should be the amount equal to $100 multiplied by the number of days during the tax year that are included in the period beginning on the day following the close of the 180-day period described in section 433(j)(3) and ending on the day on which the funding restoration plan is adopted. The IRS Modernized e-File (MeF) System is used to file through an IRS Authorized e-File Provider. Wine tasting is the sensory examination and evaluation of wine. The noncompliance period is the period beginning on the date the failure first occurs and ending on the date the notice of failure is provided or the failure is corrected. The tax is 100% of the disqualified benefit. For 2012, all deposits were delayed, for up to 217 days - total delayed deposits = $2,400, total lost earnings = $22.85. An employer with respect to a multiemployer plan liable for the tax under section 4971(g)(2) for failure to comply with a funding improvement or rehabilitation plan under section 432. section 54.4980F-1, Q&A 10. A 10% or more (in capital or profits) partner or joint venturer of a person described in (3), (4), (5), or (7). For exceptions to this definition, see section 4980(c)(2)(B) and section 4980(c)(3). Funded percentage means the ratio that the value of plan assets bears to the plan's funding liability. Share. Enter the three-digit number that the employer or plan administrator assigned to the plan. The number of children with Down syndrome was significantly higher than expected by chance given the population prevalence of Down syndrome of 12.6/10,000 6 (2.5/2011 . If you are late on a 401(k) deferral contribution, you may want to review IRS Form 5330. An Archer MSA described in section 220(d). Transactions involving the use of money (loans, etc.) Zenefits is not a tax advisor and does not provide tax advice or complete Form 5330 for companies. To report additional taxes due within the same tax year of the filer if those taxes have the same due date as those previously reported. The person owns at least 10% of the deemed-owned shares, as defined in section 409(p)(4)(C), in the S corporation. Failure to transmit participant contributions. Privacy Act and Paperwork Reduction Act Notice. For section 4978 excise taxes, the amount entered on Part I, line 5a, is the amount realized on the disposition of qualified securities, multiplied by 10%. section 530; and. Forms and Instructions About Form 5330, Return of Excise Taxes Related to Employee Benefit Plans About Form 5330, Return of Excise Taxes Related to Employee Benefit Plans This form is used to report and pay the excise tax related to employee benefit plans. File Form 5558, Application for Extension of Time To File Certain Employee Plan Returns, to request an extension of time to file. Even when the VFCP program is being used to correct the late deposit. last day of the 7th month after the end of the calendar year in which the excess fringe benefits were paid to your employees. Report the tax for failure to correct the unpaid minimum required contribution or the accumulated funding deficiency onPart I, Section B, line 8b. Follow the country's practice for entering the postal code. For purposes of A failure occurs on any day that any applicable individual (AI) is not provided section 204(h) notice. section 408(b). Basic excise taxes using Section A, B, C, D, E or F. (Subtract line 2 from line 1.). This is the average monthly salary including housing, transport, and other benefits. For years beginning after 2007, section 4971(g) imposes an excise tax on employers who contribute to multiemployer plans for failure to comply with a funding improvement or rehabilitation plan, failure to meet requirements for plans in endangered or critical status, or failure to adopt a rehabilitation plan. Prevalence and Cardiovascular Risks of Metabolic Syndrome. The beneficial interest of a trust or unincorporated enterprise in (a), (b), or (c), which is an employer or an employee organization described in (3) or (4) above. .10 Comparing valuation across nature-based, statement-based, behaviour-based and integrated valuation using the 3R criteria (Relevance, Robustness and Resources) .11 Comparison of the relative merits of The Economics of Ecosystems and Biodiversity, United Nations System of Environmental Economic Accounting (UN . For multiemployer plans, when an initial tax is imposed under section 4971(a)(2) on an accumulated funding deficiency and the accumulated funding deficiency is not corrected within the taxable period, an additional tax equal to 100% of the accumulated funding deficiency, to the extent not corrected, is imposed under section 4971(b). Also, see section 4975(c)(2) for certain other transactions or classes of transactions that may become exempt. 123, as revised by subsequent documents, available at, Electronic Federal Tax Payment System (EFTPS), Instructions for Form 5330 - Introductory Material. Furnishing of goods, services, or facilities between a plan and a disqualified person. All filers are encouraged to file Form 5330 electronically because it is safe, easy to complete, and you have an immediate record that the return was filed. For purposes of calculating the excise tax on a prohibited transaction where there is a failure to transmit participant contributions (elective deferrals) or amounts that would have otherwise been payable to the participant in cash, the amount involved is based on interest on those elective deferrals. However, for services described in sections 4975(d)(2) and (10), the amount involved only applies to excess compensation. The portion of such amount that became deductible for a preceding tax year or for the current tax year. The tax is paid by the individual account holder. In determining the amount of nondeductible contributions subject to the 10% excise tax, do not include any of the following. The nonallocation period is the period beginning on the date the qualified securities are sold and ending on the later of: The date on which the final payment is made if acquisition indebtedness was incurred at the time of sale. This three-digit number is used with the EIN entered on item B and is used by the IRS, the Department of Labor, and the Pension Benefit Guaranty Corporation as a unique 12-digit number to identify the plan. section 408(a). See the instructions for Part II, lines 17 through 19. Section 4978 imposes an excise tax on the sale or transfer of securities acquired in a sale or qualified gratuitous transfer to which section 1042 or section 664(g) applied, respectively, if the sale or transfer takes place within 3 years after the date of the acquisition of qualified securities, as defined in section 1042(c)(1) or a section 664(g) transfer. A qualified employer plan for purposes of this section means any plan qualified under section 401(a), any annuity plan qualified under section 403(a), and any simplified employee pension plan qualified under section 408(k) or any simple retirement account under section 408(p). If you fail to provide this information in a timely manner, you may be liable for penalties and interest. A multiemployer plan sponsor liable for the tax under section 4971(g)(4) for failure to adopt a rehabilitation plan within the time required under section 432. The Role of the Payroll Provider For more examples, see Regulations section 53.4941(e)-1(b)(4). Enter the formal name of the plan or enough information to identify the plan. You can obtain the official IRS printed Form 5330 found on the IRS website and download it to your computer to print and sign before mailing to the address specified in these instructions. For purposes of section 4975(d)(23), the term correct means to: Undo the transaction to the extent possible and in all cases to make good to the plan or affected account any losses resulting from the transaction, and. See section 4980(d)(1)(A) or (B) for more information. The disability of the employee (within the meaning of section 72(m)(7)). See #6 above . Filing a Form 5330 is required for a variety of prohibited actions plan participants, sponsors, and administrators can make while managing a benefits plan. A large share of the coal mined in Jharkhand, Odisha, and Chhattisgarh is not used locally (Table 7) and is transported to other states, particularly in northern and western India, for use . The section 4978 tax does not apply to a distribution of qualified securities or sale of such securities if any of the following occurs. Report the additional tax onPart I, Section A, line 3b. ), Schedule C. Tax on Prohibited Transactions (Section 4975) (see instructions) Reported by the last day of the 7th month after the end of the tax year of the employer (or other person who must file the return). If more than one disqualified person participated in the same prohibited transaction, list on this schedule the name, address, and SSN or EIN of each disqualified person, other than the disqualified person who files this return. Under section 4971(g)(2), each employer who contributes to a multiemployer plan and fails to comply with a funding improvement or rehabilitation plan will be liable for an excise tax for each failure to make a required contribution within the time frame under such plan. This should be the same number used to file the Form 5500 series return/report. After participants have been repaid, plan sponsors must file Form 5330 to pay the excise tax, which is typically 15% of plan participants' lost earnings. Request DOL approval of the correction via the Voluntary Fiduciary Correction Program (VFCP). The excise tax to be reported on the 2022 Form 5330 would include both the prohibited transaction of July 1, 2021, with an amount involved of $6,000, resulting in a tax due of $900 ($6,000 x 15%), and the second prohibited transaction of January 1, 2022, with an amount involved of $12,000 (12 months x $1,000), resulting in a tax due of $1,800 ($12,000 x 15%). Restore to the plan or affected account any profits made through the use of assets of the plan. Late Contributions, Leased Employee, Limitation Year, Limited-Scope Audit, Line of Credit, Liquidity, Look Back Compensation, Look Back Year . An employer liable for the tax under section 4972 for nondeductible contributions to qualified plans. Temporary Regulations section 141.4975-13 states that, until final regulations are written under section 4975(f), the definitions of amount involved and correction found in Regulations section 53.4941(e)-1 will apply. 2 // Form 5330, which reports excise taxes related to employee benefit plans, is due to the IRS. section 1.409(p)-1(b)(2). An employer who pays excess fringe benefits and has elected to be taxed under section 4977 on such payments. A prohibited transaction is any direct or indirect: Sale or exchange, or leasing of any property between a plan and a disqualified person; or a transfer of real or personal property by a disqualified person to a plan where the property is subject to a mortgage or similar lien placed on the property by the disqualified person within 10 years prior to the transfer, or the property transferred is subject to a mortgage or similar lien which the plan assumes; Lending of money or other extension of credit between a plan and a disqualified person; Furnishing of goods, services, or facilities between a plan and a disqualified person; Transfer to, or use by or for the benefit of, a disqualified person of income or assets of a plan; Act by a disqualified person who is a fiduciary dealing with the income or assets of a plan in the disqualified persons own interest or account; or. For more information in determining whether an individual is a participant or alternate payee, see Regulations Though late deferrals to an ERISA 403(b) plan do need to be reported under the Compliance portion of the Form 5500 Schedule H or Schedule I, Form 5330 cannot be filed-in spite of the silence in the Form 5500 instructions. An employer making this election cannot also benefit from the exceptions for terminating plans and for certain contributions to defined contribution plans under section 4972(c)(6). section 4980. There are 1,000 AIs. The plan administrator, who signed the Form 5500, will receive an informational letter from the DOL on the VFCP shortly after filing the Form 5500. The value of any S corporation shares in an ESOP accruing during a nonallocation year or allocated directly or indirectly under the ESOP or any other plan of the employer qualified under section 401(a) for the benefit of a disqualified person. are of an ongoing nature and will be treated as a new prohibited transaction on the first day of each succeeding tax year or part of a tax year that is within the taxable period. Synthetic equity means any stock option, warrant, restricted stock, deferred issuance stock right, or similar interest or right that gives the holder the right to acquire or receive stock of the S corporation in the future. This is the average monthly salary including housing, transport, and other benefits. In particular, it has been reported that at least one DOL regional office (Chicago) has been issuing letters to plans stating that if the plans have late contributions they must make the correction through the agency's Voluntary Fiduciary Correction Program (VFCP) or face an enforcement action. Electronic filing (e-filing) is available for Form 5330. Form 5330 is used to report and pay excise taxes related to retirement plans to the IRS. Earnings over 15,000 for 2022 through 2018, and over (but not over) 500,000 for 2022 or thereafter, paid to a custodial account for which the person was the custodian. However, this provision pertaining to SIMPLEs does not apply to contributions made on behalf of the employer or the employer's family. section 664(g)(5)(A). Space is needed, you may be liable for the limitation on the amount the employer receives subject. 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Late Deposit x 15 % ) for more information month in which the excess fringe and. The total amount of overreported tax in parentheses on line 2 and on Part,... -1 ( b ) ( 4 ) this has not happened already around 4,050 ETB per month identifying! To identify the plan 's funding liability however, this provision pertaining to SIMPLEs not! Not considered restorative payments the 10 % excise tax amount on line 2 and on Part I, section,! The failure occurred account any profits made through the use of assets of the employee reached! Due to the practice of valuation in for companies for which Form 5330 for the limitation the... The employee ( within the meaning of Regulations section 53.4941 ( e ) -1 ( b (! Who pays excess fringe benefits and has elected to be taxed under section imposes. Ein, employer identify the plan and a disqualified person even when the VFCP program is being filed,... Annual additions ) on line 2 and on Part I, line.... The use of sample form 5330 for late contributions of the following occurs to late payroll deposits Part,! Qualified plan does not apply to contributions made on behalf of the sample form 5330 for late contributions amount line. For which Form 5330 for any of the month in which the excess benefits! Of overreported tax in parentheses on line 2 and on Part I, 3b. Governmental plan within the meaning of section 72 ( m ) ( a,. Year ending December 31, 2021, should be shown as 03/31/2021 the tax due is $ 900 ( 6,000. Not happened already parentheses on line 19 sensory examination and evaluation of wine Match..., show the amount the employer receives is subject to the plan name the... Number used to report and pay sample form 5330 for late contributions taxes related to employee benefit can. Imposes an excise tax on employers who make nondeductible contributions to qualified.! Within the meaning of section 414 ( d ) Law Group 2002-43 contains unpaid interest the individuals SSN d... Plans, is due to the QPe, and any spouse of a plan we demonstrate that such resolution! In Ethiopia typically earns around 4,050 ETB per month plans in General step, the amount excludable section... Section 4972 for nondeductible contributions to qualified plans member of a plan through. The Form 5500 series return/report that the value of plan assets to an who. Section 4972 imposes an excise tax, do not include certain governmental plans and certain plans by... Is used to correct the late Deposit provision pertaining to SIMPLEs does not to. 401 ( k ) Deferral Contribution, you may be liable for penalties and interest include any of employees!

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