2013 PS after Partnership Return Filed

[austin3515]

PArtnership filed partnership returns on 9/15/2014. We are doing 2013 profit sharing today for just the owners (employees already received a 2013 PS of 7%), which is before the 415 grace period ends on 10/15. We are then going to do profit sharing again for 2014 and deduct them both in 2014 (and be cognizant of the 25% deduction limit).

Anything I am missing?

[Bird]

I think you're right. I just re-read a (brilliantly written ) asap #08-20 so that saved me (re)researching the topic.