Have a Tax Question? Ask a Tax Expert
Hi My name's Lane.
I hold a law degree, with concentration in Tax Law, Estate law & Corporate law, an MBA in finance, a BBA, and CFP & CRPS (Chartered Retirement Plans Specialist) designations, as well - I’ve been providing financial, Social Security/Medicare, estate, corporate, non-profit, and tax advice to clients on three continents since 1986.
Bear with me just a moment and I’ll provide my initial response and then we can go from there if you have further questions on this.
WAIT your question makes no sense. You can't both receive a check AND have the bonus allocated (contributed) to the 401(k). It's one of the other.