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Form 7 Instructions 7 Common Myths About Form 7 Instructions

5500 Preparer’s Manual for 2012 Plan Years The arch ability in the acreage of Form 5500 preparation, 5500 Preparer’s Manual will advice you handle the appropriate anniversary Form 5500 filings for both alimony allowances and abundance anniversary plans.

The Employee Allowances Security Administration (EBSA) has appear that the all-electronic EFAST-2 arrangement is now operational for the cancellation and processing of Form 5500 filings. EFAST2 allows the accessible to abide Form 5500 and Form 5500-SF and admission filings at www.efast.dol.gov.

The revised EFAST website provides filers with accoutrement and guidance, including the 2009 and 2010 Form 5500 and new Form 5500-SF, schedules and instructions, frequently asked questions, user guides, and a tutorial. Filers and preparers can annals for an account, complete forms and schedules in assorted sessions, book a archetype of the forms and schedules, and abide the filing at no cost. Filers may additionally use EFAST2-approved software to complete and abide their filings. A account of EFAST2-approved software can be begin at the website above.

Filing changes

2009 and 2010 anniversary returns/reports charge be submitted electronically through EFAST2. In addition, above-mentioned year behind or adapted Form 5500s charge be filed electronically, except that appropriate 2008 plan year filings can still be filed through the aboriginal EFAST on cardboard until October 15, 2010, or electronically through June 30, 2010.

Other important changes accommodate broadcast acknowledgment on Schedule C of aberrant account provider compensation, added all-encompassing advertisement by Code Sec. 403(b) plans, and the abatement of IRS Schedules E and SSA. Advice provided in Schedule SSA charge now be filed anon with the IRS. In addition, filers are no best appropriate to attach a archetype of IRS Form 5558 (Application for Addendum of Time To File Certain Employee Plan Returns) to their Form 5500 filings, or an account of a appropriate extension. Filers now aloof analysis the box on Form 5500, and, if applicable, access a description of the appropriate extension. However, filers charge accumulate a archetype of Form 5558 filed with the IRS with their records.

For added advice on this and accompanying topics, argue the CCH Alimony Plan Guide, CCH Employee Allowances Management, and Spencer’s Allowances Reports.

Visit our Account Library to apprehend added account stories.

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