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URL:  http://boards.fool.com/harriet-ltltthanks-for-the-simple-10112340.aspx

Subject:  Re: excess 401K contributions Date:  2/23/1998  2:34 PM
Author:  TMFPixy Number:  1933 of 76098

Harriet,

<<Thanks for the simple explanation. Why can't the people at the IRS speak English!!

I assume the returned money is now taxable income?>>

The IRS never keeps anything simple. If they did, they couldn't justify their existence. <g>

And yes, everything that was refunded to your hubby is taxable and will be reported to the IRS.

Regards…….Pixy

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