8.5 months after end of plan year for an 1120 to make a contribution?

[Guest Enda80]

Where does the figure of 8.5 months after the end of the plan year for a taxpayer filing an 1120 to make a contribution come from? Does the 8.5 month figure apply to other taxpayers-for example, ones that file a 1065, a 990-T, or a 1040?

[Mike Preston]

It is the due date of the tax return, on extensionl.

[BeckyMiller]

It will be different for different types of returns. For a self-employed person, for example, the normal due date of the return is 3 1/2 months after year-end, the extension period is 6 months, so the extended due date becomes 9 1/2 months after year end. That would be the due date for deduction purposes. But remember, if the plan is subject to minimum standing that due date is still 8 1/2 months after year end. (A common error!)

[Ron Snyder]

But for a defined benefit plan, 8-1/2 months is the maximum they get with extension even if the other returns are extended another month.