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May 14, 2024
Question

Post Filing Business Retirement

  • May 14, 2024
  • 1 reply
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Is it possible to amend a business tax return if it was filed by 3/15 to add a retirement plan contribution to a defined benefit plan.  

the plan has not been established by the client was to make contribution and amend the tax return 

1 reply

Employee
May 15, 2024

Since the business is not a sole proprietorship, the deadline to establish the plan was December 31 of the corresponding tax year.

 

See Setting up a Qualified Plan in IRS Pub 560:  https://www.irs.gov/pub/irs-pdf/p560.pdf