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Strategies & Market Trends : Tech Stock Options
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To: Tom Trader who wrote (39685)4/15/1998 2:34:00 AM
From: Nancy  Read Replies (1) of 58727
 
Tom,

It is in effect your 1997 income because the money was available for you had it not been put into 401K - and the mistake made on the 401K contribution probably due to miscalc the maximum amount allowed by law
cannot be used to argue that the money is not 1997 income.

On top of that, unless you get your payer to file a corrected 1099, which essentially rescind the old 1099 and moved the income to 1998 1099, you would have a hard time with IRS. :)
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