Tax Return Filed Before DB Contribution Made. Fix? | Ed Slott and Company, LLC

Tax Return Filed Before DB Contribution Made. Fix?

A tax professional presented me with the following scenario:

Client's tax return was filed pre-maturely, prior to the client making their contribution to their DB.

"The $136,802 can be put into the DB plan in addition to the $17,500 employee deferrals to the 401(k) plan. They are completely independent of each other. An additional profit sharing contribution can be made to the 401(k) plan once we know the amount of the DB contribution.

She is a Sch C self employed with no employees..."

What fix is available so that the client can make their contribution?

Thank you.

 

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