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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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- code K on W-2
code K on W-2
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lgmagsayo
Level 2
02-26-2021
05:35 PM
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Got a client with a code K on W-2 amounts to $2160. I understand this is excess golden parachute which must be taxed 20%, but the software is using the whole amount of Code K as a tax, the whole $2160
Please help
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sjrcpa
Level 15
02-26-2021
05:39 PM
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Box 12 Code K is the 20% tax. The software is correct.
The more I know, the more I don't know.
