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Showing results for tags 'due date'.
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Hi, I am relatively new to this site and if I am asking the wrong question in the wrong place, I hope someone will say so! I thought I posted this question yesterday and it seems to have disappeared. If a client's 2016 corporate tax return is on extension from March 15th of 2017 to September 15th of 2017, normally speaking, the client would have until September 14th of 2017 to make the final 2016 contribution deposits such as match, profit sharing and Safe Harbor. Now, with Hurricane Irma relief, the client's corporate return does not have to be filed until January 31st, 2018. Does that mean that the client now has up until January 30, 2018 to make his final 2016 contribution deposits? Thanks in advance for any advice!
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Late First Year PBGC Filing
vrradjew posted a topic in Defined Benefit Plans, Including Cash Balance
I'm curious what the penalties are, if any, for a first year PBGC Premium Filing that is submitted after its due date. Assuming the first year filing had no payment due, would there be a penalty charged for a late submission? This is what I found on the PBGC website: The late payment penalty charge is established by us, subject to ERISA's restriction that the penalty not exceed 100 percent of the unpaid premium amount. Subject to this cap, the penalty is a percentage of the unpaid amount for each month (or portion of a month) it remains unpaid with a minimum penalty of $25. So if the unpaid premium amount is $0, would there be any fees?
