Question for 2015 the maximum contribution to a qualifying, Ask an Expert

Accounting

Question: For 2015, the maximum contribution to a qualifying deferred compensation plan by a 45-year old employee is:

$5,500

$6,500

$18,000

$24,000

What is a Notice of Federal Tax Lien?

A deficiency notice, which gives the taxpayer 90 days to file a Tax Court petition.

The notice sent to the taxpayer advising of imminent property seizure by the IRS.

A CP 504 notice indicating the IRS intends to levy to collect the balance due.

A legal claim to a taxpayer's property, which is filed by the IRS to secure payment of the taxpayer's tax debt.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92713205

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