30Rock Posted March 21, 2014 Posted March 21, 2014 Since the 15th fell on a Saturday, can Monday the 17th be used as the deadline for issuing refunds? Thanks!
12AX7 Posted March 23, 2014 Posted March 23, 2014 Show me where it says that in the regs. I would say no.
Bird Posted March 23, 2014 Posted March 23, 2014 We looked at this pretty carefully for the annual asap on recurring deadlines and concluded that the deadline is the 15th, period. Ed Snyder
MWeddell Posted March 24, 2014 Posted March 24, 2014 The ERISA Outline Book covers the topic. No, the March 15 quasi-deadline is not the type of deadline that is automatically extended to the next Monday.
ETA Consulting LLC Posted March 24, 2014 Posted March 24, 2014 I agree on "no". March 15th is not referenced. The rule is with 2-1/2 months after the plan year ends. Had the deadline explicitly stated "March 15th), then you would have position that since this date falls on a Saturday you would have until the next business day. Even in Form 5500s, 'then end of the 7th month following the month in which the plan year ends'; you don't get an extension (at least I don't think you do ). Good Luck! CPC, QPA, QKA, TGPC, ERPA
12AX7 Posted March 25, 2014 Posted March 25, 2014 ETK - this is perhaps getting off-topic a bit, but for tax and other information returns, you would get to file on the first business day following the filing due date if on a weekend or national holiday. Don't have a city right now, but it may be in the 5500 instructions. I'll have to look later.
ETA Consulting LLC Posted March 25, 2014 Posted March 25, 2014 This is what, to me, makes this site invaluable CPC, QPA, QKA, TGPC, ERPA
12AX7 Posted March 25, 2014 Posted March 25, 2014 For 2015, we'll have to give back the excess contributions by 3/13. We are getting shorted by 2 days for the calendar year testing season ! I wish they all could be EACAs...maybe not.
BG5150 Posted March 25, 2014 Posted March 25, 2014 But for 2016, there's an extra day in February, so we get one back... QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
BG5150 Posted March 25, 2014 Posted March 25, 2014 And I just KNOW everyone had the refunds done at the custodian by the 13th this year, so all the check dates were on or before 3/14! QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
12AX7 Posted March 25, 2014 Posted March 25, 2014 Some vendors platforms had earlier deadlines. Got mine done and earned new gray hairs.
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