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Posted

We have a  company that did not remit it's 12/31/2019 deferrals on time.  Using the 7-business day rule, they were due 1/10/20.

So do I use a 2020 Form 5330?  Can I use a 2019 form?   They had 2 other late payrolls during the middle of 2019, so I'm filing a 2019 form anyway.

I just don't want to forget about this at this time next year.

QKA, QPA, CPC, ERPA

Two wrongs don't make a right, but three rights make a left.

Posted

The failure did not start / occur until 2020, when they were late. So for this one I would file a 2020 form. 

I'm a stranger on the internet. Nothing I write is tax or legal advice. 

I'd like a witty saying here, but I don't have any. When in doubt, what does the plan document say?

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