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Get the free Form 5305-S (Rev. April 2017) - IRS.gov

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27 Mar 2013 ... Operations .... John S Burnett ... The 5305 very clearly said that it was at one time, but they removed that ... that you will furnish this information to the IRS, and either provide
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How to fill out form 5305-s rev april

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How to Fill out Form 5305-S Rev April:

01
Start by gathering all the necessary information. This includes your name, address, social security number, and employer identification number (if applicable).
02
Fill out the first section of the form, which requires you to provide your personal information. This includes your name, address, and social security number.
03
In the second section of the form, provide information about your employer or plan sponsor, including their name, address, and employer identification number.
04
Move on to the third section, where you will specify the type of retirement plan. This may include a pension plan, profit-sharing plan, or 401(k) plan.
05
Proceed to the fourth section, which requires you to provide details about the plan administrator. This includes their name, address, and telephone number.
06
In the fifth section, indicate the type of plan and the plan's year-end.
07
Next, complete the sixth section by stating the type of distribution that will be made from the plan. This may include periodic payments or a lump-sum distribution.
08
In the seventh section, you will declare any alternative payees who may have a right to benefits under the plan.
09
If you made any rollovers during the year, indicate them in the eighth section by providing the total amount of rollovers made.
10
Finally, sign and date the form to certify the accuracy of the information provided.

Who needs Form 5305-S Rev April:

01
Individuals who are establishing a new retirement plan, such as a pension plan or profit-sharing plan, may need to fill out Form 5305-S Rev April.
02
Employers or plan sponsors who want to adopt a simplified employee pension (SEP) plan or a salary reduction simplified employee pension (SARSEP) plan may also require this form.
03
It is important to consult with a tax professional or financial advisor to determine if you are required to complete this form based on your specific retirement plan needs and circumstances.
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