Amending a Plan Year End

[Guest GG]

(Profit Sharing) Plan Year runs July 1, 1998 - June 30, 1999. Can the plan year be amended to July 1, 1998 - December 31, 1998? Or, is it too late?

[Ervin Barham]

It's too late. The plan must have been amended prior to December 31.

You might take a look at the instructions for Form 5310-A so that next year (assuming you still want to change) you can make sure everything has been taken care of.