A client has a VEBA.
The plan year-end and the cient's corporate tax year-end are both 8/31/07.
When must they make their employer contribution to the trust in order for it to be deductible for the 8/31/07 fiscal year?
By 8/31/07? Within 2 1/2 months of 8/31? Due date of tax return with extensions?
I believe a 419 welfare plan must make their contribution by 8/31/07 (assuming tax year end is 8/31/07) to be deductible, unless they use accrual employer accunting and then they have unti 2 1/2 months after tax year-end to make contribution.
Thanks.