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Thank you, Bird and 2 Cents, for your input. I do appreciate the help and input I receive from this site. I have since found the answers. Cheers!

We have the reportable distribution information. The extended deadline to file the 12/31/2015 Form 5500 was October 17, 2016 and the client didn't send in their distribution paperwork for us to complete their annual return until early October. This is when we became aware that a distribution had taken place and we reported the distribution on tax return. That is not the issue or my question but thank you for your 2 cents, or should I say, half-cent.

On a different, topic, we have participants that took distributions in 2015 but we didn't find out about them until late 2016. I am preparing 1099-Rs and have some questions: 1.) Must 2015 distributions go on a 2015 1099-R? or can I put them on a 2016 1099-R and have the form filed by Feb 2017? 2.) I read that 1099-R's need to be filed the year following the distribution. So, does that mean that a distribution made in April of 2015 should have had a 1099-R filed by February of 2016?

True. Thanks, Bird!

A Form 5558 for 2016 was filed mistakenly for a plan that had a 2013 final return completed. Will this cause a problem? The plan is terminated.

Thank you, Bird.

I've always worked on Form 5500's w/ the Schedule I and Schedule H. The 5500-EZ seems so basic that I'm worried I'm overthinking things so I have a question: Would Fee's and Distributions for a Profit Sharing plan be reported on Line 7b of the Form 5500-EZ? According to the IRS instructions Line 7b "Liabilities include but are not limited to benefit claims payable, operating payables, acquisition indebtedness, and other liabilities. Do not include the value of future distributions that will be made to participants." Thank you to anyone who might help enlighten me.

Hahaha! Thanks for the smile, Lou. I was 98% sure but couldn't find documentation totally confirming it. Happy Holidays!

Does $25 per day late penalty include weekends?