5500SF instead of EZ

[austin3515]

When filing the SF instead of the EZ, are there questions that we do not need to answer because those same questions are not on the EZ? I'm getting the message from someone that the SF they filed has a lot of blanks because those questions do not apply to an EZ.

[austin3515]

Well, there you go... From the SF Instructions.

Eligible one-participant plans need complete only the

following questions on the Form 5500-SF:

 Part I, lines A, B, and C;

 Part II, lines 1a–5b;

 Part III, lines 7a–c, and 8a;

 Part IV, line 9a;

 Part V, line 10g; and

 Part VI, lines 11–12e.

Note: 6a regarding eligible assets is not asked, so even if the plan invests in real estate it can still use the SF. Would everyone agree with that statement?

[Lou S.]

Yes I would agree. The advantage of doing a 1 person SF is the ability to e-file.

[chc93]

In addition, when electronic filing as 1 person SF, the 5500-SF does not show up in the DOL/EFAST search.

[austin3515]

Sorry, but if there is real estate in the plan, can you still use the SF (i.e., because that particular question on qualifying assets is not asked)?

[Lou S.]

Sorry, but if there is real estate in the plan, can you still use the SF (i.e., because that particular question on qualifying assets is not asked)?

I see no reason why not. The question about qualifying assets does not apply to 1 part filings.