Guest Achilles Posted March 7, 2005 Posted March 7, 2005 Plan year end is March 31, 2004. There are ADP/ACP returns. Client chose to wait till after the 2 1/2 month deadline to have the refunds processed, and they will absorb the 10% excise tax. Refunds were processed August 1, 2004. When do you report the excise tax? When is it required to be paid? Should it have been filed with their March 31, 2004 5500 filing, or with the March 31, 2005 filing? Thanks.
Blinky the 3-eyed Fish Posted March 7, 2005 Posted March 7, 2005 The 5330 is not filed with the 5500. You can obtain the instructions at www.irs.gov - search for 5330 under forms and publications. I can tell you without looking though that you are late. You made me look pax. The good news is you aren't late, which shows what I know without looking. "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs."
david rigby Posted March 7, 2005 Posted March 7, 2005 See "When to File" on page 1. http://www.irs.gov/pub/irs-pdf/i5330.pdf I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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