form 5330

[Guest gnappi]

I am looking for a definitive answer and possible site verification realtive to the cummulative affect of form 5330 as it applies to prohibited allocations.

An individual received a prohibited allocation for numerous years and as of this point in time it has not been corrected. For simplicity purposes, assume the individual's allocation for 2000 was $1,000 and 2001 $2,000.

When completing the form 5330, for 2000, the excise tax would be $500. Would the 2001 form 5330 pay excise tax on $3,000 ($1,500) or $2,000 ($1,000)? What about going forward through 2007?

any assistance would be greatly appreciated.