PBGC Form 1 Schedule A - Changing methodology

[AndyH]

Can the General Rule be used for amended PBGC Form 1 and Schedule A filings when the initial filings were based on the Alternative Method? Does it matter if the initial filings were all late?

Situation: Takeover cleanup- Current liability on Schedule B's that were used for the initial filings has been determined to be wrong (understated). Four years of vals being revised. PBGC premiums presumed to have been underpaid based upon bad numbers on Schedule Bs. General Rule never used or considered-could be cheaper in a couple of the years in question.

Thanks for any help.

[david rigby]

I handled this situation once by applying a credit (line 15b, I think) and attaching amended forms for prior years as documentation.