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Contribution due date


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Guest Pension Girl
Posted

Corporate employer is filing return on March 15th, no extensions. When are the profit sharing contributions due to not be late for deduction purposes? I wiring them on Monday March 15th so they reach the vendor by close of business sufficient?

I would think so, but one consultant thought they possibly had to be allocated in the accounts as of the deadline. I think deposited to the plan is sufficient?

Any thoughts!

Guest Sieve
Posted

Deposit is sufficient.

By the way, if the employer obtains an extension, and uses even just a few days of it, the deductibility due date is the fully extended tax filing due date.

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