2011 form 945

[gregburst]

If a terminated plan pays all participants in 2011, and total withholdings are only $1,125, can the withholdings be remitted using form 945 (since the total will not exceed $2,500)? I know this was allowed in 2010, but not sure if it applies to future years as well. If it's allowed, can someone tell me where to find a 2011 form? I can only find 2010 online.

[Bill Presson]

If a terminated plan pays all participants in 2011, and total withholdings are only $1,125, can the withholdings be remitted using form 945 (since the total will not exceed $2,500)? I know this was allowed in 2010, but not sure if it applies to future years as well. If it's allowed, can someone tell me where to find a 2011 form? I can only find 2010 online.

I don't know the specific answer. But, let's assume that you can do it. What are you going to do with the money in the meantime? Hold it in a plan bank account? Which will mean you will end up with a 2012 5500 filing on top of the 2011 filing?

[gregburst]

If a terminated plan pays all participants in 2011, and total withholdings are only $1,125, can the withholdings be remitted using form 945 (since the total will not exceed $2,500)? I know this was allowed in 2010, but not sure if it applies to future years as well. If it's allowed, can someone tell me where to find a 2011 form? I can only find 2010 online.

I don't know the specific answer. But, let's assume that you can do it. What are you going to do with the money in the meantime? Hold it in a plan bank account? Which will mean you will end up with a 2012 5500 filing on top of the 2011 filing?

If I had a 2011 form, I'd send it in right now along with a check for $1,125.

[SMB]

You could remit the withheld amount via EFTPS, assuming you're set up to do so, and then file the 2011 Form 945 when it becomes available. That way, you at least "zero out" the assets and can file a final Form 5500.