Federal Tax Withholding on Form 5500 Schedule H

[pitkofsky]

Are federal tax withholding amounts reported separately from distributions on Form 5500 Schedule H?

[Lou S.]

If you are talking about Federal Tax Withholding on a distribution, the answer is no. It is simply part of the distribution to the participant.

If you have federal tax withholding for some other reason, (UBTI maybe?) I don't know what the answer is.

[My 2 cents]

If you are talking about Federal Tax Withholding on a distribution, the answer is no. It is simply part of the distribution to the participant.

If you have federal tax withholding for some other reason, (UBTI maybe?) I don't know what the answer is.

Agreed - based on my understanding, if a participant is taking a $10,000 lump sum and the disbursements are $8,000 to the participant and $2,000 to the IRS, report $10,000 on the benefit payments line even if the financial institution shows the two items separately. There is no other way that I know of to report the disbursement of the amounts withheld. Ditto for any state or local taxes withheld from the amount payable to the participant.