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Deduction versus minimum funding deadline and Sch SB


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Hi

Sponsor is an S-corp.

2019 MRC is 150k and they deducted 200k, all fine, however (

As far I know, S-corp extended filing deadline is 9/15/2020 (not extended by any Acts/laws) but they made the deposit today. They lose the deduction for 2019, correct? Deposit was done by wire transfer so 9/18 date is firm.

As for the extended deadline to meet the MRC.

For 2019 plan year, assuming that they missed the deduction deadline, what should I use for 2019 sch SB+5000? All 200k or 150k plus a few days of interest adjustment, say 1k for total of 151k?

I must be missing something here.

Thank your thoughts/comments

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