Effen Posted February 4, 2011 Share Posted February 4, 2011 Item 8e on the Schedule MB asks for the “difference between the minimum required contributions” with and without the amortization extension. I have a client, who took an amortization extension, however the “minimum required contribution” was zero before and after the amortization extension was recognized (due to large credit balance) and therefore the difference is also zero. There are no instructions for this line item so we can’t really tell what the IRS intended, but since they asked for the difference in the “minimum required contribution” and not the difference in the charges to the funding standard account, I think the answer would be zero. However, zero seems to be generating an error from EFAST when you try to submit the forms. Has anyone else encountered this problem? The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice. Link to comment Share on other sites More sharing options...
keller226 Posted February 9, 2015 Share Posted February 9, 2015 I have the exact same situation and cannot locate an answer. Can anyone shed some light on this scenario? Link to comment Share on other sites More sharing options...
Effen Posted February 10, 2015 Author Share Posted February 10, 2015 I recognize I am responding to my own question, but I put the difference in the amortization charges on that line, even if the MRC is $0 before and after the extension. I don't recall any formal IRS guidance, but I probably talked with people from other firms to get some consensus. I think you could properly answer $0 because the question asks about the MRC, but I don't think that is really what they are looking for. The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice. Link to comment Share on other sites More sharing options...
keller226 Posted February 11, 2015 Share Posted February 11, 2015 Thanks again, Effen! Link to comment Share on other sites More sharing options...
Laurence Oman Posted January 22, 2016 Share Posted January 22, 2016 I have the same situation... Link to comment Share on other sites More sharing options...
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