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Ep 43 Legislation Update and Open Forum

Directed IRA Podcast

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Is Your Employee Contribution Going on Your W Two?

Mark and i were both lawyers, practising, you know, hundred hours a day. We learned tho bill by the hour. So sometimes you ask a question, we can give you a really long answer itr atave,. Let me answer your question. Yes, yes, you write to contribute to the employee purse. Comes from your personal bank, to contributions to the employer co. For those the mark said you're using an escort, that's gong to go on your w two. Your payroll company doesn't care. But you're tracking it is a rment plan contribution on the books of your escorts. That's going to be a deduction at the company return level.

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