I did not want to keep changing the contribution amount at my job because it would have either under contributed for this year, or started off next year with an under contribution.
My finance department wanted me to change the amount I’ll put it a few weeks ago, and then submit another form to change it back later this year.
That seemed too hit or miss to me so I said I would just submit the over contribution form when I receive my W-2 next year to get the extra fund back.
I got a Fedex envelope in the mail today with a form asking me to sign paperwork knowing I was “non-complying” with their (financial department at work) counsel to changing my contributions.
Questions:
Should I sign it?
Does the IRS actually care if you knowingly over contribute to a retirement fund, only to withdraw the excess amount before tax day? Or, do they just want the extra dough gone and don’t really care about the details?
Submitted August 16, 2018 at 05:49PM by fat-stanley https://ift.tt/2PgSfEU
