What is the name of your state (only U.S. law)? Florida
How do you correct pre tax sec. 125 deductions that were not made for plan years 2007, 2008 and 2009 that the plan discovered should have been made but were not. Therefore, in 2010, the participant agrees to make up the missed deductions with post tax payments. Does the employer issue W-2 C's for years 2007, 2008 & 2009 for the missed deduction in the Sec. 125 plan.
Thanks,
Chuck Steiner
How do you correct pre tax sec. 125 deductions that were not made for plan years 2007, 2008 and 2009 that the plan discovered should have been made but were not. Therefore, in 2010, the participant agrees to make up the missed deductions with post tax payments. Does the employer issue W-2 C's for years 2007, 2008 & 2009 for the missed deduction in the Sec. 125 plan.
Thanks,
Chuck Steiner