Guest jc1457

2007 Required Amendments, deadline date?

5 posts in this topic

Hi,

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.

Thank you!

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If you are talking about the IRC Section 415 amendments, you are correct.

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THank you!

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!

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Does anybody have a model 415 amendment and/or a good concise summary of the final 415 regulations OR know where I can find such things. Thanks!!! :(

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Datair's 2007 interim amendment includes final 415 regulations language.

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.

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