LLC tax return filed but excluded 2024 401k profit sharing contribution
Hello Alan,
We have a 3 member LLC which one employee. We have a 401k plan.
Our CPA filed our 2024 LLC tax return but forgot to include the 2024 profit sharing contribution on it for our employee.
We want to correct this so we are able to keep our pension plan in compliance for 2024 which would include our 3 members’ 401k contributions and also making a required profit sharing contribution for our employee.
What is the best path forward? Should we file an Administrative Adjustment Report or is there another solution?
Thank you in advance.
Permalink Submitted by Alan - IRA critic on Mon, 2025-04-28 19:13
Was the contribution made by the deadline and just not reported, or was it not made at all?
In the former case the return should be amended to include the contribution.