Self-Employed Deferrals

[Guest rhector12]

Hi,

Can anyone please tell me if small business owners are allowed to defer after the plan year has ended? That is, can they defer at the same time that they are making their profit sharing contributions.

Thanks.

Reg

[Guest paperchase]

A self-employed participant may deposit a deferral after the end on the year if the deferral election form was properly completed prior to the end of the year.

[Guest rhector12]

Thank you paperchase! Yes, that was done. However, my question concerns the fact that the deferral is to be made in September of the following year, prior to the filing of the self-employed's individual tax return. Does that still hold?

Thanks.

Reg