2009 Schedule SB

[dmb]

I have heard that new instructions will be issued for the 2009 Schedule SB. Has anyone else heard this and if so are you still preparing 2009 Schedules SB or waiting for the new instrucitons? Thanks.

[Andy the Actuary]

I have heard that new instructions will be issued for the 2009 Schedule SB. Has anyone else heard this and if so are you still preparing 2009 Schedules SB or waiting for the new instrucitons? Thanks.

This is my personal approach and should not be inferred to a generally accepted principle:

(1) All calendar year 5500s are being placed on double secret extension; and

(2) The 5500s will not be submitted until October 15 at 11:59PM.

While I'm being facetious, nonetheless there is value in waiting. For example, the following came through about pdf attachments in the July 15 BenefitsLink newsletter: http://www.relius.net/News/TechnicalUpdates.aspx?ID=522.

The problem is it's not immediately clear what is meant. Do they mean you shouldn't password protect -- i.e., require a password to open -- or does this mean the pdf shouldn't lock out others from changing it? Based upon what has been said about Relius response, it's doubtful one can obtain a reasonably quick answer on this one from Relius.

In short, it may be worthwhile in the first year of EFAST2 to take your time.

[dmb]

This is my personal approach and should not be inferred to a generally accepted principle:

(1) All calendar year 5500s are being placed on double secret extension; and

(2) The 5500s will not be submitted until October 15 at 11:59PM.

While I'm being facetious, nonetheless there is value in waiting. For example, the following came through about pdf attachments in the July 15 BenefitsLink newsletter: http://www.relius.net/News/TechnicalUpdates.aspx?ID=522.

The problem is it's not immediately clear what is meant. Do they mean you shouldn't password protect -- i.e., require a password to open -- or does this mean the pdf shouldn't lock out others from changing it? Based upon what has been said about Relius response, it's doubtful one can obtain a reasonably quick answer on this one from Relius.

In short, it may be worthwhile in the first year of EFAST2 to take your time.

Facetious or not, i think that's what is going to happen. I have been advising client to file for extension since i heard about the new Sched SB instructions from someone who went to the Northeast Benefits Conference a couple of weeks ago.

Thanks for the response.

[Andy the Actuary]

And no doubt you recall Thomas Paine's famous soul trying quote and Paine wasn't even an actuary.

[dmb]

And no doubt you recall Thomas Paine's famous soul trying quote and Paine wasn't even an actuary.

Yes i do, and another one also: "Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one"

[FAPInJax]

The problem with the PDFs is that often there is a password or even if not some protection enabled. This will make the filing unpalatable to EFAST. Please look at other links with respect to this (sorry but I do not remember the link or I would include it - one was really good because they found that a setting on the PDF triggered the rejection even though a password was not used).

[david rigby]

http://benefitslink.com/boards/index.php?showtopic=46183

Post number 4.

[FAPInJax]

http://benefitslink.com/boards/index.php?showtopic=46183

Post number 4.

Thanks for the assistance!!