Excess Roth Contribution
Client contributed $5000.04 for 2012…over by .04. With this being such a small amount, is the client required to remove the .04 or are there exceptions?
Client contributed $5000.04 for 2012…over by .04. With this being such a small amount, is the client required to remove the .04 or are there exceptions?
Permalink Submitted by Alan - IRA critic on Fri, 2013-03-29 22:11
No formal exceptions, but the IRS is not going to bother questioning something within the rounding rules.