Late deposits reported on the Schedule H

Large plan with late deposits in 2017.  Corrected in 2018 with applicable earnings deposited in 2018 and 5330 submitted in 2018. All done.  According to the 5500 directions, these late deposits go on the 2019 5500 for the last time, correct?  See below---

The total amount of the delinquent contributions must be included on line 10a for the year in which the contributions were delinquent and must be carried over and reported again on line 10a for each subsequent year (or on line 4a of Schedule H or I of the Form 5500 if not eligible to file the Form 5500-SF in the subsequent year) until the year after the violation has been fully corrected by payment of the late contributions and reimbursement of the plan for lost earnings or profits.

I wouldn't put it on 2019 if it was corrected in 2018.

I think you are reading too much into it.

Think of it this way:

"People are not allowed to purchase alcoholic beverages until they are age 21."

"Late contributions must be reported until the year after they've be corrected."

Using your line of thought, I will be able to buy an alcoholic beverage only when I turn 22.

15 hours ago, BG5150 said:

I wouldn't put it on 2019 if it was corrected in 2018.

I think you are reading too much into it.

Think of it this way:

"People are not allowed to purchase alcoholic beverages until they are age 21."

"Late contributions must be reported until the year after they've be corrected."

Using your line of thought, I will be able to buy an alcoholic beverage only when I turn 22.

I do see what you're saying, but the instructions so read that they should be on there until the year after they are corrected, no?   I'm taking them off though because it doesn't really make sense to have them on there.

1 hour ago, ratherbereading said:

but the instructions so read that they should be on there until the year after they are corrected, no?

No.  

Quote

The total amount of the delinquent contributions should be included on line 4a of the Schedule H or I, as applicable, for the year in which the contributions were delinquent and should be carried over and reported again on line 4a of the Schedule H or I, as applicable, for each subsequent year until the year after the violation has been fully corrected

The instructions state they should be reported until the year after, meaning they are not reported the year after.  It is basically a different way of saying "reported for each subsequent year, including the year it is fully corrected.  It eliminates the possible confusion of using the wording "until corrected", which could be interpreted to mean that you don't have to report it in the year of correction.

I just had to explain to the IQPA that she was wrong in insisting that I remove the reported contributions in the year of correction...  She is the worker bee doing the leg work, not the audit partner signing off on the financial statements, but still....

28 minutes ago, RatherBeGolfing said:

The instructions state they should be reported until the year after, meaning they are not reported the year after.  It is basically a different way of saying "reported for each subsequent year, including the year it is fully corrected.  It eliminates the possible confusion of using the wording "until corrected", which could be interpreted to mean that you don't have to report it in the year of correction.

I just had to explain to the IQPA that she was wrong in insisting that I remove the reported contributions in the year of correction...  She is the worker bee doing the leg work, not the audit partner signing off on the financial statements, but still....

Ok, I got it now!  They really need to reword that!