ScottR Posted February 27, 2009 Posted February 27, 2009 For 2008, I've been saying that a change of funding method has occurred, on line 25 of the Schedule SB, and on line 7 of the Schedule R. I'm assuming that the switch to the PPA-mandated procedures is a change of funding method. Anyone think otherwise? TIA.
Andy the Actuary Posted February 27, 2009 Posted February 27, 2009 Agreed, and instructions state the obvious that IRS approval not required. However, a statement should be attached describing the change. Also, it would appear line 7, Schedule R should be coded as N/A. The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.
AndyH Posted August 14, 2009 Posted August 14, 2009 Is this still conventional wisdom, that line 7 of Schedule R should be N/A if the changes are PPA changes?
Mike Preston Posted August 16, 2009 Posted August 16, 2009 Yup, as just confirmed by Carol Zimmerman and Jim Holland at the ACOPA Symposium yesterday.
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