Upcoming compliance deadlines:
2/15 Quarterly benefit statements due for defined contribution plans with calendar year plans
2/28 Deadline for filing paper 2017 Form 1099 with IRS (electronic filing deadline is March 31)
3/15 Deadline for making corrective distribution for failed 2017 actual deferral percentage (ADP) / actual contribution percentage (ACP) tests without 10% excise tax penalty
3/15 Deadline for filing 2017 partnership tax return and making contributions eligible for deductibility without extension
4/1* Deadline for taking first required minimum distribution for participants attaining age 70½ or retiring after age 70½ in prior year
4/17** Deadline for corrective distribution of 2017 402(g) excess deferral failures
4/17** Deadline for filing 2017 individual and/or corporate tax returns and making contributions eligible for deductibility without extension
* The due date of April 1, 2018, falls on a Sunday. The IRS historically hasn’t extended due dates for required disclosures, contributions or distributions.
** This date reflects an extension of the normal deadline, which falls on a Sunday this year, and includes Emancipation Day in Washington, D.C., on April 16.
For a no-obligation discussion on the possible impact and steps you should take now, contact Meresa Morgan, our Audit Shareholder with significant experience in this area.