Partnership calendar year plan putting deferrals for 2018, for partners on July 1st

[Jim Chad]

Partnership has a calanedar year plan  putting deferrals for 2018, for partners in on July 1st.  How do you think the IRS would view this on an audit?

[ratherbereading]

I believe that they have until the time of filing their tax return to make the deposit and claim the deduction. I have a few plans where they do that for the partners.

[CuseFan]

ditto. sometimes partnerships need that long to determine their income, and sometimes those determinations show little or no income, and income is needed for salary deferrals - so not only is this permissible, it is also quite reasonable.

[401king]

IIRC The deferral election must have been in place by 12/31/2018 but the funding date is flexible.