5500 ez - 2010 final return

[Guest xi9001]

Hi ,

Client dissolved corp on 12/31/2009.

There was only 1 participant (owner) in the plan and rolled it over (about 75k) on 09/15/2010.

Since 5500-ez is not yet available for 2010, I will use 2009.

Questions:

In part A, several checkboxes are applicable. Do we have to mark them all?

a1) the first return filed for the plan;

a3) the final return filed for the plan;

a4) a short plan year return (less than 12 months).

Since the plan was rolled over on 09/15/2010, my return will be from 01/01/2010 to 09/15/2010 - correct?

There are some questions about END of the year Assets/Liabilities and Number of Participants. Should I put ZERO for all (since technically all assets were transferred out)?

[Guest xi9001]

Also, was it appropriate to dissolve the corporation first and then terminate the plan in the following year?

the brokerage house said yes, but I wanted to get your opinion(s)?

Hi ,

Client dissolved corp on 12/31/2009.

There was only 1 participant (owner) in the plan and rolled it over (about 75k) on 09/15/2010.

Since 5500-ez is not yet available for 2010, I will use 2009.

Questions:

In part A, several checkboxes are applicable. Do we have to mark them all?

a1) the first return filed for the plan;

a3) the final return filed for the plan;

a4) a short plan year return (less than 12 months).

Since the plan was rolled over on 09/15/2010, my return will be from 01/01/2010 to 09/15/2010 - correct?

There are some questions about END of the year Assets/Liabilities and Number of Participants. Should I put ZERO for all (since technically all assets were transferred out)?

[Bird]

Yes on all counts, including the termination timing. A plan could be terminated at any time...I guess technically if the corporation ceases to exist and the plan is still alive, it is fair to ask who is doing the terminating and sponsoring while the plan exists, but practically speaking, no one is going to fuss about it as long as there are no liability issues.

[Guest naveen]

Since the plan was rolled over on 09/15/2010, my return will be from 01/01/2010 to 09/15/2010 - correct?

Can some one point me to the relevant regulation that says the final year will be a short plan year.

Thank you

[Bill Presson]

Since the plan was rolled over on 09/15/2010, my return will be from 01/01/2010 to 09/15/2010 - correct?

Can some one point me to the relevant regulation that says the final year will be a short plan year.

Thank you

See page 4, bottom left, short plan years.

http://www.dol.gov/ebsa/pdf/2010-5500inst.pdf