austin3515 Posted December 2, 2002 Posted December 2, 2002 The regulations on depositing participant deferrals reference "business days." What the heck is a business day? Is it basically everyweekday except for a banking holiday? Austin Powers, CPA, QPA, ERPA
david rigby Posted December 2, 2002 Posted December 2, 2002 Not sure if this is definitive, but IRC 7503 might help. http://www.fourmilab.ch/ustax/www/t26-F-77-7503.html I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
maverick Posted December 2, 2002 Posted December 2, 2002 Austin, I believe that all weekdays, except Federal holidays, are business days. This link lists Federal holidays: http://www.opm.gov/fedhol/index.asp Tom
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