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Showing results for tags 'Payroll Date Stradles PYE'.
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We are having difficulties with an accountant on Accountant's Opinion and Schedule H for calendar year 2013 plan year. Basically, the last payroll date with contributions was 12/20/2013. These deferrals were physically deposited in early January. (Question is not on deposit timing.) These deferral were reported on 2013 W-2 Forms. Obviously, these contributions are reported on the 2013 Schedule H, which we prepare on an accrual basis. That is not the problem. We have a payroll period the runs from 12/23/2013 to 1/3/2014. These contributions will be reported on 2014 Form W-2. It is this period that we are having trouble with the accountant. Accountant believes that since a portion of this pay period was in 2013, we must include on 2013 Schedule H! As I recall from ASPPA Exams, ect.. this was long settled as you use the amounts for the year in which Form W-2 records these contribution. In effect, none of this period is reported in 2013. Reporting is in 2014. Does anyone have a cite or reference that I can use for this purpose? Thanks in advance for assistance!
