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Form 5500 for Foreign Plan?


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Guest ScarletKnight
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Does anyone have any experience with electing foreign plan treatment under Section 404A(e)? This election is required to exempt a foreign plan of a US corp from having to file a 5500. From what I've read, to make the election you need to claim a deduction for the plan or attach a statement to the corporation's tax return electing foreign plan treatment. Has anyone have any practical experience with making the election? Has anyone ever seen this issue be raised by the IRS?

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