Cartoon about remembering reminders
REMINDER: Funding Due Date Approaching!
August 26, 2021 | posted in: Accountants | by Frye Retirement
For Your Clients On Extension
In order for a contribution allocated in 2020 to qualify as a 2020 tax deduction, an employer must typically fund the contribution by the due date of its tax return, including extensions.
However, even though some employers may be able to extend the filing of their return until October 15, 2021 if they sponsor Defined Benefit Plans, including Cash Balance Plans, there is a Statutory Funding deadline of September 15, 2021.
