2007 Required Amendments, deadline date?
Posted 09 February 2009 - 11:55 AM
Could someone please help me with this. Our office uses Datair's Volume Submitter Documents. Through an oversight, we have not had our clients adopt the 2007 required amendments. Am I right in saying that for calendar year clients, we have until the due date of the employer's 2008 corporate return to adopt this 2007 amendment?
Any help would be greatly appreciated.
Posted 09 February 2009 - 07:53 PM
Posted 09 February 2009 - 08:15 PM
What about the Heinz decision and section 1.411(d)-3 regulations. How would I determine if a plan needed to be updated to comply with the Heinz decision. Would your typical 401(k) safe harbor plan have needed an amendment to comply with Heinz? I findind conflicting information on this.
Thank you so much!
Posted 05 March 2009 - 10:45 AM
Posted 05 March 2009 - 12:07 PM
According to Datair, the 2007 interim amendment was required to be adopted for a VS document by the end of the 2007 plan year if you elected any options in the amendment or by the due date for the 2007 tax return, if you did not elect any options. Either way, you are probably late with your 2007 interim amendment.
If you have any clients in Datair prototypes, they will be ok because Datair adopted the interim amendment for their prototypes in December 2007.