Doghouse Posted December 1, 2009 Posted December 1, 2009 On some of the plans where we have recently applied online for a trust ID number, we are receiving IRS correspondence requesting the filing of a form 1041 - which obviously doesn't apply on a qualified plan trust. Does anyone know what on the online applicaton is triggering that, and how we might complete it differently to avoid this? Thanks! Dog
K2retire Posted December 2, 2009 Posted December 2, 2009 Are you marking a qualified plan as the type of entity on the application? It sounds like they think it is a taxable trust instead of a qualified plan.
J Simmons Posted December 2, 2009 Posted December 2, 2009 When you get to the first listing of types of entity, instead of picking "Trust", pick "Other". The Other list includes "Employer Plan (401K, Money Purchase Pension Plan, etc.)". That's the one to pick. John Simmons johnsimmonslaw@gmail.com Note to Readers: For you, I'm a stranger posting on a bulletin board. Posts here should not be given the same weight as personalized advice from a professional who knows or can learn all the facts of your situation.
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