I also made a 16,250 employer match contribution out of business funds which reduced my k-1 income accordingly.
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you probably should consult a tax professional to sort this mess out. your s corp return is wrong. your w-2 is wrong you probably have an excess contribution subject to penalty. it could be too late for the corp to make the contribution or it may be subject to penalty.
you probably should consult a tax professional to sort this mess out. your s corp return is wrong. your w-2 is wrong you probably have an excess contribution subject to penalty. it could be too late for the corp to make the contribution or it may be subject to penalty.
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