Form 5310?

[BTH]

I was under the impression that the IRS was supposed to have come out with a new Form 5310 earlier this year, but the old form is still on their website. Are you supposed to still use the old form at this point? Is a new 5310 supposed to be released soon? Thanks.

BTH

[KJohnson]

Last time I checked there was still not a finalized new 5310. Also note that when you file the 5310 you need to file the OLD Schedule Q.

[Guest Lex]

The instructions for Sch Q seem to indicate that the form is optional when filing a 5310 for a plan termination. This thread seems to imply that it is required. Please comment. Is is optional?

[KJohnson]

The new Schedule Q was designed to go with the new 5310. However, there is no new 5310.

On the new 5300 coverage information (while optional) has been "switched" from the Schedule Q to the 5300 itself.

The new 5310, when issued, will contain mandatory quesitons on minimum coverage requirements and the nondiscriminatory amounts requirement. At that time Scheule Q will become optional to cover a determination that not addressed by Form 5310 itself (such as benefits rights and features).

However, it is my understanding that 410(B) coverage and 401(a)(4) non-discrimnatory amounts (or a safe harbor) must be demonstrated with a 5310. Threefore until such a time as they revise the form it is my understanding that you should ignore the new Schedule Q for a 5310 filing and use the old Schedule Q.

[Guest Lex]

Do you know where I can get an old Schedule Q?- electronic format is best. The one posted on the IRS website appears to be the revised version?

Thanks for the response.

[david rigby]

The IRS has this site http://www.irs.gov/forms_pubs/formpub92.html for prior forms, althought there is no guarantee you will be able to find your specific form.