Brenda Wren Posted January 21, 2000 Posted January 21, 2000 Any idea when the new forms will be released by IRS for 2000? Any word from vendors, i.e. Hyper Prep?
Guest TrustMe401k Posted January 21, 2000 Posted January 21, 2000 HyperPrep sent an email this week statign the new forms would be available for download from their website in March. There are some "new" forms available already. From memory I believe they are the 5558 and some PBGC forms. Hopefully we will know more later.
BeckyMiller Posted January 21, 2000 Posted January 21, 2000 Remember, the IRS is no longer responsible for the Form 5500 series forms and processing. Starting with the 1999 plan years, this all part of the new EFAST system and the DOL is taking the lead. The revised draft version should be issued in the Federal Register next week and available on the DOL web site. The information that software companies such as HyperPrep need is to be made available towards the end of this month or first week of February. The new forms were published in the Federal Register today - February 2. [This message has been edited by BeckyMiller (edited 02-02-2000).]
Guest glhotdog Posted February 3, 2000 Posted February 3, 2000 Peakone Resources (Hyper-prep) has advised via E-Mail this date, Late April (28th) as target date for their release. Unacceptable? Contact me for persons to contact regarding the EFAST delays! Peakone will provide me the contacts. ------------------
BeckyMiller Posted February 4, 2000 Posted February 4, 2000 The Forms 5500 are now on the DOL Web Page. http://www2.dol.gov/dol/pwba/public/pubs/forms/fm99inx.htm
Guest ak Posted February 5, 2000 Posted February 5, 2000 The DOL was asked if synthetic GICs, separate account GICs, and insurance company stable value funds could be reported at contract or book value on the applicable schedules. The DOL basically said no and inferred that these contracts could not be reported on a single line item. This implies that the reporting must be on a fair value basis and on more than one line item. The DOL finishes up by saying that reporting for these contracts must continue to be done in accordance with the existing reporting requirements. What are those existing requirements? I’ve never seen any prior DOL guidance on this issue.
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