2010 Schedule SB

[Gary]

Our firm completed a 2010 5500EZ for a client who has a 2010 calendar plan year.

It is my understanding that the 2010 5500EZ is not yet available, thus our firm used the 2009 form and hard coded the plan year from 1/1/2010 to 12/31/2010.

That seems reasonable assuming the 2010 5500EZ is not available.

My firm also did the same technique in preparing the 2010 Schedule SB.

My understanding is that the 2010 Sch SB may in fact be available as I already possess the instructions to the 2010 SB.

Is that correct?

And if so it seems it would be more appropriate to use the actual 2010 Schedule SB form?

Thanks

[Effen]

Why would you use the 2009 form? I'm certain the 2010 forms will be ready long before the 7/31 due date.

[SoCalActuary]

Our forms vendor already has the 2010 SB form ready for completion.

Check with your vendor.

[JAY21]

Are we ok to use 2009 Form 5500-EZ in lieu of 2010 Forms for a terminating plan ? I know we've done that in the past but seems like there was at least one year we couldn't do that, but maybe that was on the longer 5500 forms that had to be E-Filed.

[SoCalActuary]

Are we ok to use 2009 Form 5500-EZ in lieu of 2010 Forms for a terminating plan ? I know we've done that in the past but seems like there was at least one year we couldn't do that, but maybe that was on the longer 5500 forms that had to be E-Filed.

Jay, get the right forms. Using the prior year form is a bad shortcut.

[david rigby]

I agree with SoCal. No need to make it difficult.

BTW, the 2009 5500EZ was posted on the IRS website in May 2010, so you'll probably have to wait another 4 months.