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austin3515

403b / 415 Limits

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For what it's worth, I've never had a client who wished to change the limitation year on their 403(b) plan.  But it makes sense that Treasury would at least provide for such a possibility. 

If a client did wish to change their limitation year, I would take the conservative approach and recommend that they attach such a statement to their return.  It may seem redundant if there is also a plan amendment to support the change, but why not?  If there is a requirement, then dot your i's and cross your t's. 

I am sure you could draft the statement using 50 words or less even while citing the regulation.  

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