"IRS issued a penalty for my client for filing after 10/15, when in actuality, they did file, but our software did not make it through to DOL. I'd like to be able to amend under "Special Extension" FEMA Disaster Zone Declaration 36-12 as well as IR 24-234 (9/10/24). The IRS Notice mentions a delayed due date of February 2, 2025, which also states the extension also applies to "information returns" of which 5500-EZ applies. Worth a shot???"

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"I am working at two jobs one W2 and one 1099 this year and am thinking about setting up a Cash Balance Plan. I know I have to hire someone to help set this up but I want to understand some basics first. Can someone help explain to me how this will affect my Solo 401k pretax contributions? I read the limit is 6%, but 6% of what?"

"We have a plan that amended their plan to stop safe harbor on 1/1/2025 (signed 10/10/2024) but did not distribute the SMM until 12/20. The safe harbor notice was not distributed. The regs indicated that the 30 days notice is for plans that are amending DURING the plan year, which this plan is not doing a mid-year amendment. The SMM requirement is 210 days notice. Participants are allow to change their deferral election every pay period and they are moving to a fixed match formula that is allocated at the plan year-end. Has anyone else found specifics on the notice requirement for a beginning of plan year amendment to remove safe harbor?"