Santo Gold Posted April 18, 2024 Posted April 18, 2024 Is it required that a profit sharing contribution be deposited before the business tax return is completed? The same question with form 5500; is it required that the deposit be made before the form is filed? Thank you
Bill Presson Posted April 18, 2024 Posted April 18, 2024 No, as long as the proper deadlines are met. William C. Presson, ERPA, QPA, QKA bill.presson@gmail.com C 205.994.4070
Jakyasar Posted April 18, 2024 Posted April 18, 2024 To add to Bill's comments, with 5500 forms you need to be careful. If you are filing on cash basis, you are fine. However, if you include receivables for the filing and file before the deposit is made and they do not make the deposit timely, you will have to file an amended return and some other issues. Just my 2 cents for filing the 5500 forms without contribution confirmation.
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