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thepensionmaven

contribution deadline extended to July 15 for PLLC

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I'm pretty sure of the answer, but my client has already filed the 2019 tax return and wants to know if he can make the contribution by July 15th.

I believe he's out of luck since the return has already been filed.

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What was the due date before the recent IRS extension?

If it was April 15, then it has been extended to July 15. If the PLLC is taxed as a sole proprietorship then this is probably the case.

If it was anything other than April 15, it is unchanged. If the PLLC is taxed as an S corp or as a partnership then its return and contribution were probably due as of March 15, unless an extension was filed timely.

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20 hours ago, thepensionmaven said:

I'm pretty sure of the answer, but my client has already filed the 2019 tax return and wants to know if he can make the contribution by July 15th.

I believe he's out of luck since the return has already been filed.

Assuming the return was due 4/15 (Sole Prop or C Corp) and not 3/15 (Partnership or S Corp), then his due date is 7/15 and he has until that time to make the contribution. There has always been some controversy regarding if you can get an extension (which would be until 10/15) if you actually file the return prior to the first regular due date, but many people take the position that you can.  I prefer to tell clients who want to file by the first regular due date to go on extension and file the return the day after the regular due date; that guarantees that your extended contribution date is valid.

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