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TAX PLANNING Question 35 of 75. Which of the following statements is FALSE regarding excess HSA...

TAX PLANNING

Question 35 of 75.

Which of the following statements is FALSE regarding excess HSA contributions? Excess HSA contributions:

A.            May be removed, without penalty, by the due date of the tax return, including extensions.

B.            Are subject to a 20% penalty.

C.            Occur when a contribution is made by a person who is not eligible to contribute.

D.            Occur when contributions are made in excess of the contribution limits for that taxpayer.

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