Hurricane Katrina

[Guest MoeHoward2]

It's my understanding that a 2004 calendar year PSP that timely filed Form 5558 extension (by 7/31/05) had until 10/15/05 to file its 2004 Form 5500 and had until 10/15/05 to contribute its 2004 PSP contribution (and thus get a tax deduction for it on the employers 2004 business tax return).

Am I correct in thinking that if the employer is located in a Hurricane Katrina declared disaster area .... then the employer automatically has additional time to file the 2004 5500 and pay the 2004 contribution ( in order to deduct that contribution on its 2004 business tax return)?

Is that automatic exteded date 01/03/06 or 02/28/06?

---------------------------------------

What about if the plan was a MPPP. The 2004 5500 was extended to 10/15/05 and the contribution was going to me made on 09/15/05..... But Hurricane Katrina hit on 08/29/05. Does the Katrina Emergency Tax Relief Act of 2005 cover a MPPP?

I havn't seen anything that allows a MPPP employer in the Katrina disaster area to be allowed to wait until 01/03/06 (or 02/28/06) to make its 2004 MPPP contribution. Does anyone know ?