SOLO 401K CONTRIBUTION DEADLINE

SOLO 401K CONTRIBUTION DEADLINE

Self-Employed Business

u The solo 401k contribution deadlines depend on your self-employed business type and business tax return due date.

Business Tax Return Deadline

u Contributions to a solo 401k plan must be made by your business tax return due date plus timely filed extensions.



1-800-489-7571

DELAYED UNTIL MAY 17TH

What does this mean for your Solo 401k?

Focus of Presentation

IRS Announcement What is impacted? What is NOT impacted? Solo 401k Considerations

IRS Extends Tax Day to May 17th

u Announced on March 17, 2021 u Automatically extends the federal

income tax deadline for "Individuals" from April 15, 2021 to May 17, 2021 u Formal guidance to come

For 2020, What tax deadlines are impacted?

u Federal Income Tax Filings for "Individuals" the 2020 tax year

Sole Proprietor Single Member LLC taxed as a Sole Proprietor

No Action Required ? Automatic Extension Covers Both Payments and Filing Returns

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