BG5150 Posted October 1, 2007 Posted October 1, 2007 For the late distribution of ADP failure, how much is subject to the excise tax: the gross amount that would satisfy the test, or that amount net of earnings/losses? I need to know how much to put on the 5330 for the plan. QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
R. Butler Posted October 1, 2007 Posted October 1, 2007 The excise tax is on the excess contribution (or excess aggregate) amount. See page 10 of the 5330 instructions.
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