Change Valuation Date

[Rob P]

Hopefully an easy question.

If you use an EOY valuation for 2008, can you automatically switch to a BOY for 2009? It's a one-person plan.

Thanks.

[AndyH]

No, not right now anyways. Pending regs may make this possible.

[Rob P]

I knew there were issues, but wasn't sure if they were resolved yet.

Thanks for the help!

[JAY21]

I agree with Andy but the IRS did seem sympathetic to allowing this at the WPBC/ASPPA conference in Denver in late June, so I think the odds are good we'll get that approval to change for 2009, just can't assume so just yet.