Thanks much.
Do I need to request a corrected W2 at the end of FY2019 with the payroll company that manages the payroll by telling them that I had excess 401K contribution and withdrew $2100 from the plan to be within the $19 K limits.
Do I need to amend any employer's Quarterly tax returns for S corp like form 941 or state tax forms since the excess contribution was done in Q2 2019
Or
since this amount was not taxed (401 contribution) for me in my payroll. I simply report that as an income on my personal tax returns for FY2019 as $2100 excess income and pay taxes on them. There is no interest income accrued on the 401K contribution in the S corp's plan.
Thanks
