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Contribution to Defined Benefit Plan Is On Account of Prior Tax Year
Deloitte & Touche Human Capital Advisory Services 
Mar. 24, 2003
Excerpt: A recent PLR highlights a planning opportunity to accelerate deductions for retirement plan contributions. In PLR 200311036, the IRS ruled that a contribution to a defined benefit plan made in 2002 was a contribution on account of the 2001 tax year and therefore deductible under IRC Section 404(a)(6) on the company's 2001 tax return. The plan year was a calendar year, and the company was a calendar year taxpayer.
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