Plan Sponsor went AWOL & died

[Earl]

I set up a single Participant Plan. Everything fine for a year or two. Then guy stopped responding, paying bill and providing information.

He dies this year.

I am given 8 years of statements for intervening period.

I reconcile the account and find distributions (Loans? Doesn't really matter, no payments made) in 2010, 2012, 2013, 2014, 2015 & 2016. (Total is $103,000)

Beneficiaries want the $5,000 still in the plan.

If reporting is to be done correctly would I issued 1099s for 2010, 2012 etc requiring revised tax returns for the years listed?

Thanks for any thoughts.

[Lou S.]

Thoughts? Get paid in advance.

After that. Sure prepare 1099-Rs for the actual years the distributions occurred. There may be some late filing fees.

Best of luck.