Guest Sus95 Posted September 16, 2008 Posted September 16, 2008 Help!! I have a plan that begins 6/30/08 and ends 6/29/09. According to the regs, the "lookback" AFTAP is due prior to the first day of the 4th month of the plan year. I am not sure how to interpret this for this plan. Is the "4th Month" October 2008, so it is due prior to October 1, 2008? Or, is the 4th month in September, and it WAS due prior to September 1, 2008? thanks
david rigby Posted September 16, 2008 Posted September 16, 2008 Doesn't the fourth month begin September 30, 2008? I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
Andy the Actuary Posted September 16, 2008 Posted September 16, 2008 They're are many instances where it may seem unclear from the date rules how to proceed with this funky plan year. Rules that deal in months rather than days are always confusing. Unless someone can cite a reference giving specific direction, all you get from the response on a bulletin board is an opinion (which may be the right answer). The conservative approach will generally lead to your sleeping soundly. The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.
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