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I have a client with several late deposits of employee deferrals throughout two years.

Can you attach a supplemental schedule to Form 5330 sumarizing all the PT's (and Schedule G to the 5500 for that matter) and reference this schedule on the Form?

Otherwise, how would you handle 8 PT's in one year that weren't corrected, and 8 more in the next?? Because a PT is a new PT on the first day of each year (if not corrected), in year two you've got 16 PT's! I would need 4 separate 5330's!

Any advice compadres?

Austin Powers, CPA, QPA, ERPA

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