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Author: zims Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76418  
Subject: defined benefit plan Date: 9/17/2001 6:17 PM
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I am retired and my inactive S Corp. is the sponsor of the defined benefit plan. The problem is that the plan is overfunded and there is a 50% penalty plus state and federal tax. The total taxation is close to 90% on the overfunded portion. My retired wife and I are the sole participants and sole principals of the S Corp. Does anyone have any ideas re: the overfunding? Thanks
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