Schedule I Line 4a

[austin3515]

For a non-audited schedule I, are people attaching a schedule of late deposits in order to demonstrate that the correction has been made?

Or are you just filling in line 4a, since the schedule is not required anyway?

[JanetM]

IMHO if you add attachments they just get tossed out. Why do something that is not required?

[austin3515]

That's how I felt too... I think a snowball has a better chance in you know where, than a non-barcoded attachment to a schedule I has of being read...

Apparently though, Steve Forbes suggested doing just this...

[R. Butler]

I've heard it suggested, but I really don't the see the reason for doing it. We do not add any kind of attachment. If there are late deposits we are already telling the IRS that a correction been made on the 5330.

[Leopurrd]

I haven't had late deposits in a while (knock on wood), but I do remember that when I did, I added a footnote to Schedule I stating that corrections were made in full via 5330.

Vicki