Jump to content

Recommended Posts

Posted

Uncashed benefit payment checks are being redeposited to the forfeiture account in the plan. When the checks are being deposited, i've been including them in income on the 5500. This past year, one of the checks was reissued. Where would I include this on the 5500?

Is including the redeposited checks in the income on the 5500 the proper place for them?

thanks

Posted
Uncashed benefit payment checks are being redeposited to the forfeiture account in the plan. When the checks are being deposited, i've been including them in income on the 5500. This past year, one of the checks was reissued. Where would I include this on the 5500?

Is including the redeposited checks in the income on the 5500 the proper place for them?

thanks

If it's positive income on the way back in, it's probably negative income on the way out. (That's if the income line is where it was supposed to go in the first place.)

QKA, QPA, CPC, ERPA

Two wrongs don't make a right, but three rights make a left.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

Terms of Use