jkharvey Posted October 5, 2007 Posted October 5, 2007 I'm not extremely familiar w/ all the nuances of filing Schedule A. Nationwide Ins. is telling us Schedule A is not needed because the investments are a mutual fund product outisde of an annuity contract. I am NOT looking to File Sched. A if I don't have to but I need to be sure this is correct. The instructions say that Schedule A must be filed if any benefits under the plan are provided by an insurance company (Nationwide is an insurance company, right?) unless the ocntract is an ASO, MTIA or 103-12 IE. Anyone else have not filing Schedule A for these investments w/ Nationwide? TIA.
PainPA Posted October 5, 2007 Posted October 5, 2007 If that Nationwide product sold is from the Nationwide Life Insurance Co it would then produce a Schedule A. These are usually individual products and are called the Nationwide ADVISOR. For a Nationwide product sold from teh Nationwide Trust Co, FSB, this will not produce a Schedule A. The product name for this is RESOURCE. The INNOVATOR will also fall under this category. We only deal with Resource and Innovator and do not file a Schedule A.
PainPA Posted October 5, 2007 Posted October 5, 2007 Additionally it is great not file a Shedule A becuase the competition cannot see this on FreeERISA or Larkspur.
jkharvey Posted October 5, 2007 Author Posted October 5, 2007 The term "resource" has been used. Thank you. I really don't want to do Schedule A.
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