Questions from Individual Taxation


Q: Describe the annual limitation on employer and employee contributions to traditional 401

Describe the annual limitation on employer and employee contributions to traditional 401(k) and Roth 401(k) plans.

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Q: When a company is limited by the tax laws in the amount

When a company is limited by the tax laws in the amount it can contribute to an employee’s 401(k) plan, what will it generally do to make the employee whole? Is this likely an issue for rank-and-file...

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Q: From a tax perspective, how would a taxpayer determine whether they

From a tax perspective, how would a taxpayer determine whether they should contribute to a traditional 401(k) or a Roth 401(k)?

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Q: Could a taxpayer contributing to a traditional 401(k) plan

Could a taxpayer contributing to a traditional 401(k) plan earn an after-tax return greater than the before-tax return? Explain.

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Q: Explain the tax similarities and differences between qualified defined contribution plans and

Explain the tax similarities and differences between qualified defined contribution plans and nonqualified deferred compensation plans from an employer’s perspective.

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Q: Explain the tax similarities and differences between qualified defined contribution plans and

Explain the tax similarities and differences between qualified defined contribution plans and nonqualified deferred compensation plans from an employee’s perspective.

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Q: Explain the nontax similarities and differences between qualified defined contribution plans and

Explain the nontax similarities and differences between qualified defined contribution plans and nonqualified deferred compensation plans from an employer’s perspective.

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Q: How are the tax issues associated with home offices and vacation homes

How are the tax issues associated with home offices and vacation homes used as rentals similar? How are the tax issues or requirements dissimilar?

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Q: Explain the nontax similarities and differences between qualified defined contribution plans and

Explain the nontax similarities and differences between qualified defined contribution plans and nonqualified deferred compensation plans from an employee’s perspective.

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Q: From a tax perspective, what issues does an employee need to

From a tax perspective, what issues does an employee need to consider in deciding whether to defer compensation under a nonqualified deferred compensation plan or to receive it immediately?

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