Profit Sharing Contribution

[Guest ryanlaq]

An S Corp with a year end 12/31/06 is currently on extension. It is my understanding they have up until the due date of the return including extension to make their profit sharing contribution they deducted on their tax return. The extension is granted up until 9/15/07 - Can they make the contribution on 9/15/07 and actually file the tax return before the due date of the extension? or does the filing of the tax return terminate the extension?

[WDIK]

http://benefitslink.com/boards/index.php?showtopic=34839

[Guest mjb]

As long as the extension is filed by 3/15 the contribition can be made by the extension date whether or not the tax return is filed first.