Chippy Posted June 20, 2011 Posted June 20, 2011 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
BG5150 Posted June 20, 2011 Posted June 20, 2011 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, ERPATwo wrongs don't make a right, but three rights make a left.
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