How does the taxation on employer profit-sharing contributions work for Roth Individual 401k accounts?
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How does the taxation on employer profit-sharing contributions work for Roth Individual 401k accounts?
How does the taxation on employer profit-sharing contributions work for Roth Individual 401k accounts? When you establish an Individual 401(k) plan, the IRS sees you as both the (because you own the business) and as an of the business. Designating contributions accurately as either Traditional or Roth and as either employer or elective salary deferral is important.Contributions and designations should be submitted using the .
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