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Improper deductions for plan payins targeted by IRS.(ENFORCEMENT)(Internal Revenue Service)(Brief Article)
Kiplinger Tax Letter, The, October, 2004
Tags: deduction, Internal Revenue Service
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Improper deductions for plan payins are also being targeted. Agents are being told to eye accelerated deductions of matching payins made by fiscal year businesses that have calendar year 401(k) plans. IRS is finding that some firms with filing extensions claim payins made during the extension period are deductible ...
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