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Retirement tax questions
Hi everyone. I have done more research, and this against what was said here. The Federal Register says that each customer of a CPEO is to be treated separately for wage-base purposes. Relevant text and link follow:
"The proposed regulations also provide that if, during a calendar year, a covered employee receives remuneration from a CPEO for services performed by the covered employee for more than one customer of the CPEO, the annual wage base and withholding threshold do not apply to the aggregate remuneration received by the covered employee from the CPEO for services performed for all such customers. Rather, the annual wage base and withholding threshold apply separately to the remuneration received by the covered employee from the CPEO with respect to services performed for each customer."
There is a larger explanation in the following link:
https://www.federalregister.gov/d/2019-10856/p-22
With that in mind, how do I correctly file for a tax reimbursement under Line 11 Schedule 3 using TurboTax?
Thank you.