Withholding on Distributions

[Guest boetgerinc]

We are a TPA firm with no asset or insurance affiliate. For the plans that we administer who are self trusteed, we file the federal withholding, prepare the 1099's, 1096, and 945's. We currently get one trust number for each of these plans, get a coupon book, and file when there is a distribution. Does anyone else do this, or do they set-up one trust number and file all distribution withholding through that one number? Thanks.

[Alan Simpson]

We have one TIN for each plan and report the tax withholding under that TIN.

[LCARUSI]

I follow the same procedure as Alan