5500ez

[Gary]

Is it ok to fill in the irs.gov 2009 form 5500ez and print and use it? As opposed to needing to use relius or prosystem, etc.

Unfortunately the irs.gov web site does not have a 2009 schedule sb form. Anyone know where an approved form for printing and submitting to IRS is available? Perhaps it is not available since it is not required to go with 5500ez.

and using dol web site is tedious just for sch sb.

thanks

[SoCalActuary]

Is it ok to fill in the irs.gov 2009 form 5500ez and print and use it? As opposed to needing to use relius or prosystem, etc.

Unfortunately the irs.gov web site does not have a 2009 schedule sb form. Anyone know where an approved form for printing and submitting to IRS is available? Perhaps it is not available since it is not required to go with 5500ez.

and using dol web site is tedious just for sch sb.

thanks

Using the IRS form 5500ez is OK.

But if you are a practicing enrolled actuary, you need to prepare a suitable SB.

If the economics are wrong, I guess you won't buy from any of the established vendors, but that can't be a good business solution for anyone who does this for a living. And if you don't have enough business to support good software, some would question if you do enough to be competent.

[FAPInJax]

I believe the other point that you alluded to - the forms must be filed electronically. They can not be printed / filled in / mailed in.

[Tom Poje]

this would be news to a lot of people that electronically filing is required for the EZ.

the instructions for the 5500 EZ say

The 2009 Form 5500-EZ will filed on paper only and cannot be filed with this electronic system.

Instructions further state:(top of page 3, the NOTE)

Filers of Form 5500-EZ are not required to file schedules or attachments related to Form 5500 with the

2009 Form 5500-EZ. (I wouldexpect in the future this means it may be required??) However, you must collect and retain for your records completed Schedule MB (Form 5500) for certain money purchase plans, if applicable,

and completed and signed Schedule SB (Form 5500) for

single-employer defined benefit plans, if applicable. Even

though you don’t have to file the Schedule MB or

Schedule SB with the 2009 Form 5500-EZ, you are still

required to both perform an annual valuation and

maintain the funding standard account for all plans

subject to the minimum funding requirements of section 412

[FAPInJax]

Oops!! I missed that it was an EZ.