Guest spencerhos Posted April 7, 2005 Share Posted April 7, 2005 When are the contributins on an owner required to be made. The case at point is a sole proprietor. He does not have a set salary to withold contributins from. Can he elct a contributoin st yearend? Link to comment Share on other sites More sharing options...
Appleby Posted April 7, 2005 Share Posted April 7, 2005 Yes. The sole proprietor may make his elections at year-end Life and Death Planning for Retirement Benefits by Natalie B. Choatehttps://www.ataxplan.com/life-and-death-planning-for-retirement-benefits/ www.DeniseAppleby.com Link to comment Share on other sites More sharing options...
Gary Lesser Posted April 8, 2005 Share Posted April 8, 2005 With the election in place before year end, the contribution is due before the due date of the return, but should be made sooner if the EI is capable of being determined any sooner. See, e.g., Treas. Reg. Secs 1.401(k)-2(a)(4)(ii) and 1.401(k)-1(a)(6)(ii)(B). Link to comment Share on other sites More sharing options...
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