Sec. 221. Plan adopted by filing due date for year may be treated as in effect as of close of year
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/bill/115/hr/88/eah/section-221A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 401(b) is amended— by striking and inserting “ retroactive changes in plan .—A stock bonus plan amendments .— A stock bonus , and by adding at the end the following new paragraph: If an employer adopts a stock bonus, pension, profit-sharing, or annuity plan after the close of a taxable year but before the time prescribed by law for filing the employer’s return of tax for the taxable year (including extensions thereof), the employer may elect to treat the plan as having been adopted as of the last day of the taxable year. . The amendments made by this section shall apply to plans adopted for taxable years beginning after December 31, 2018.