What tax treatment is given to participant accounts when Roth contributions are made to SEPa SIMPLE IRAs a Participants must include the contributions in their income b Earnings on the contributions lose their tax deferral c Employer cannot deduct the contributions d No premature distributions tax ...

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What tax treatment is given to participant accounts when Roth contributions are made to SEPa SIMPLE IRAs?

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Question:

What tax treatment is given to participant accounts when Roth contributions are made to SEPa SIMPLE IRAs?

.

Participants must include the contributions in their income

.

Earnings on the contributions lose their tax

-

deferral

.

Employer cannot deduct the contributions

.

No premature distributions tax penalty applies

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Feb 09, 2024 07:06 AM

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What tax treatment is given to participant accounts when Roth contributions are made to SEPa SIMPLE IRAs?

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Income Tax Fundamentals 2013

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