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Discussion:IRA contribution with 401K plan

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Discussion Forum Index --> Test Area --> IRA contribution with 401K plan


Disneyman26 (talk|edits) said:

16 February 2011
If TaxPayer does not participate in work 401k and does not recieve any employer contributions can they still make an IRA contribtuions regardless of their earned income?

Trillium (talk|edits) said:

16 February 2011
The case Solomon links to here, Discussion:Active Participant in Qualified Plan might be helpful to you. Was the "covered by a retirement plan" box on your client's W-2 checked?

Wkstaxprep (talk|edits) said:

16 February 2011
yes

Wkstaxprep (talk|edits) said:

17 February 2011
on further note, as mentioned above you did not specify if he was "covered" his taxpayer have the option to contribute to a 401k?

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