Profit Sharing funding deadline

[Pixie]

Client files 3/15 (3/17 this year).  For the profit sharing to be deductible is it OK if I submit to the platform ON 3/17.  The trade date will actually be the 18th.  I remember way back in the old days, as long as the check was mailed on 3/15 that was fine.

[Lou S.]

I don't think the IRS would question it if you had proof it was initiated by the deadline. Since as you say they will take a timely mailed check I don't see why they would not also take a timely submitted electronic transfer.

[truphao]

post-mark (either physical or electronic) governs.