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MR

..is there a bigger waste of our time than the schedule D?

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Nope, but it sure does look like you've added lots of value. Throw on the Schedule A and it's attachments and you've got a ten-pound filing.

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A Matter of Form (5500)

Excerpts from above link:

THE DEPARTMENT OF LABOR AND THE IRS HAVE revised Form 5500, Annual Return/Report of Employee Benefit Plan. Plan administrators and employers sponsoring employee benefit plans need to use the streamlined form for 1999 filings.

THE REVISIONS, WHICH REPLACE THE FORM 5500 series with a single form, are expected to make the annual filing requirement easier to fulfill.

With the old form 5500, many plan administrators and employers found the annual filing requirement to be a difficult task.

The new form 5500 is intended to simplify the report and the way it is filed and processed.

Simplified for whom?

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