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Focused Topic 10: Deduction Limits and Contribution Timing
Presentor: Stephen Forbes Recorded Date: 11/19/2013 Duration: 60 Min.

This program was recorded during a live presentation on November 19, 2013.

Deduction Limits and Contribution Timing
Tuesdays with Derrin and Steve

A recent IRS private letter ruling has brought into question some of the principles we thought we knew about deduction limits. This Web seminar focuses on deduction limits and timing for defined contribution plans. The speaker examines the limit for a combination of plans. He also answers questions such as:

  • Whose compensation can I count in determining the deduction limit?
  • Under what circumstances must I used prorated limits?
  • What is the combined deduction limit?
  • What plans are subject to the combined deduction limit?
  • What is the penalty for excess contributions?
  • When must an employer deposit contributions?
  • Does it matter if the employer uses cash or accrual accounting?

Prerequisites: There are no prerequisites or advance preparation for this program.


Instructional Delivery Method
Group - Internet-Based

Speaker - Stephen W. Forbes, J.D., LL.M.
Author of The 5500 Filing Guide

Objectives: After the presentation, an attendee should be able to:

  1. Determine the employees counted in determining deduction limits
  2. Correctly compute the deduction limit in a variety of situations
  3. Explain the deadline for contributions and the effects of extensions
  4. Complete Form 5330 for excess contributions
  5. Carry forward excess contributions

Hardware System Requirements: 

  • Windows 95, 98, NT 4.0, 2000, XP, Windows 7
  • Internet Explorer 4.01 or later, Netscape 4.08 or later, and set Internet browser to allow pop-up windows.
  • High-speed Internet connection.
  • Pentium 166+ MHz, 128MB RAM or more.
  • 1023 x 768 or higher display resolution.
  • Soundcard and Speakers.

Software Requirements:

Program related requests, questions, or concerns may be emailed to: