Buckoosier Posted March 11, 2014 Posted March 11, 2014 Suppose a corporation has a profit sharing plan and a fiscal year that ends on 12/31/13. If the employer sends a check by mail on 3/15/14 for a 2013 contribution (2013 corporate return is not extended), is the contribution considered deposited in time to be taken as a deduction for 2013?
david rigby Posted March 11, 2014 Posted March 11, 2014 Might be the "mailbox rule". Try the Search feature using "mailbox". I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
Buckoosier Posted March 12, 2014 Author Posted March 12, 2014 Thanks, I found some helpful discussions.
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