tuni88 Posted July 27, 2010 Posted July 27, 2010 I blew right through the July 15 due date for our second quarterly contribution. Pay it right away first and then what? Do I have to fess up to the employees? to the guvmint?
AndyH Posted July 27, 2010 Posted July 27, 2010 Yes, you must notify participants, but there is no specified format or timing requirement to doing so. Most include it on an SAR or AFN. If it's more than 30 days late, you may or may not have to file PBGC Form 10. And it may generate the need for an additional attachment to Schedule SB.
Effen Posted July 27, 2010 Posted July 27, 2010 plus you owe a little penalty interest. 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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