5500-EZ (Cash or Accrual)

[Buffys Redrum]

In the 2009 EZ Instructions, strict reading for Questions 6 and 7 indicates that only activity during the plan year should be reported. In 2008, one could use either accounting method (cash or accrual). Is this an IRS oversight, or are all 5500-EZ filers meant to be moved to a cash basis?

[Bird]

That's interesting. The form itself says "Contributions received or receivable..." in 7, but the instructions do say "..received...during the plan year."

I think we'll continue to report on an accrual basis for both lines.