Late Contribution

[Gary]

An employer sponsors both a DB and a DC plan.

They made the minimum funding for DB plan for 2007 plan year (calendar year).

They were required to contribute a total of 50k to DC plan for 2007.

They filed their tax return timely and did not extend return.

The tax return did not deduct for the 50k to DC plan nor did plan sponsor make the contribution.

Can client contribute 50k for 2007, but deduct in 2008? Of course the 50k would reduce the remaining cash contribution that can be deducted by 50k.

50k for DC plan was required to pass non discrimination, gateway, etc.

Thanks.

[Guest Sieve]

Yes.