IRS Submission Question

[Guest notapensiongeek]

As we redoc our 401(k) plans, up until now, we have filed a Form 8821 with the IRS submission package. On the 8821 we had been reporting the plan sponsor & plan sponsor EIN in the Taxpayer section until one IRS agent called our office and told us we should be entering the plan information & trust ID number on the 8821.

Now we have an ERPA on staff so we are completing 2848’s going forward. But we want to make sure we are reporting the correct information in the Taxpayer section. Are we supposed to enter the plan sponsor & plan sponsor EIN on the 2848 or the plan name & trust ID number? Or maybe it depends on the IRS agent reviewing the plan?

Any thoughts on this would be greatly appreciated. Thanks!

[Guest Sieve]

Sponsor name & sponsor's EIN.

[david rigby]

Does the ERPA know how to do research?

Instructions for Form 8821 include:

Employee plan or exempt organization. Enter the name, address, and EIN of the plan sponsor or exempt organization, and the plan name and three-digit plan number.

[Guest Sieve]

The Instructions for the Form 2848 contain the same language (as indicated in the prior post for the Form 8821).

And, for what it's worth, I have never included the Plan name along with the sponsor's name --and have never had it questioned (in spite of the Instructions, which indicate the Plan name also should appear).

[Guest notapensiongeek]

Yes we did read the instructions, and yes, we have been filing that way for 15+ years. The reason I questioned it was because we received a telephone call from an IRS agent and (s)he told us NOT to do it that way! Go figure.

Thanks!