Unpaid Minimum Required Contributions

[emmetttrudy]

Just wanted to confirm my understanding of deductibility of contributions. Plan Sponsor failed to make contributions for 2007 and 2008. Amount to satisfy unpaid minimum required contributions for 2007 and 2008, and min. req. for 2009 (as of 9/15/2010, inlcuding adjustments for interest) is $175,000. My understanding is that none of this would be able to be deducted in 2007 or 2008 with a revised tax return because it was made after the deadline for both of those years. Is this correct?

[Guest Sieve]

Yes.