Guest Joanne Davey Posted March 14, 2011 Posted March 14, 2011 Does anybody know for sure if the 15th deadline is based on when the actual check is cut or when funds are sold in the participant's account. In other words, if the funds are sold prior to the 15th but the check is issued with a date of 3/17, would that meet the 3/15 requirement? If so, can you give me a cite that supports that? Thanks.
GMK Posted March 15, 2011 Posted March 15, 2011 My understanding is that it's when the check is cut. Selling the funds in the account does not make the money available to the participant. Cutting the check does.
Guest Joanne Davey Posted March 15, 2011 Posted March 15, 2011 My understanding is that it's when the check is cut. Selling the funds in the account does not make the money available to the participant. Cutting the check does. Thank you. I was afraid that would be the answer
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