Catalog Number 63263R Form 5500-EZ 2022 Page Amount Contributions received or receivable from 7a b Participants. Is this a defined benefit plan that is subject to minimum funding requirements If Yes complete Schedule SB Form 5500 and line 10a below see instructions Enter the unpaid minimum required contributions for all years from Schedule SB Form 5500 line 40. Certain foreign retirement plans are also required to file this form see instructions. Complete all entries in accordance with the...instructions to the Form 5500-EZ. B Total plan liabilities. c Net plan assets subtract line 6b from 6a 2 End of year 6a 6b 6c For Privacy Act and Paperwork Reduction Act Notice see the Instructions for Form 5500-EZ. 11e Caution A penalty for the late or incomplete filing of this return will be assessed unless reasonable cause is established. e Under penalties of perjury I declare that I have examined this return including if applicable any related Schedule MB Form 5500 or Schedule SB Form 5500...signed by an enrolled actuary and to the best of my knowledge and belief it is true correct and complete. Form 5500-EZ Department of the Treasury Internal Revenue Service Part I Annual Return of A One-Participant Owners/Partners and Their Spouses Retirement Plan or A Foreign Plan OMB No. 1545-1610 This form is required to be filed under section 6058 a of the Internal Revenue Code. Go to www*irs*gov/Form5500EZ for instructions and the latest information* This Form is Open to Public Inspection*...Annual Return Identification Information For the calendar plan year 2022 or fiscal plan year beginning MM/DD/YYYY and ending A This return is 1 the first return filed for the plan 3 the final return filed for the plan 2 an amended return 4 a short plan year return less than 12 months B Check box if filing under Form 5558 automatic extension special extension enter description C If this return is for a foreign plan check this box see instructions. D Must be filed on a paper Form with the IRS* See...instructions. E If this is a retroactively adopted plan permitted by SECURE Act section 201 check here. 1a. Basic Plan Information enter all requested information* 1b Three-digit plan number PN Name of plan 1c Date plan first became effective MM/DD/YYYY 2a 2b Employer Identification Number EIN Employer s name Do not enter your Social Security Number Trade name of business if different from name of employer 2c Employer s telephone number In care of name 2d Business code see instructions Mailing...address room apt. suite no. and street or P. O. box City or town state or province country and ZIP or foreign postal code if foreign see instructions 3a Plan administrator s name if same as employer enter Same 3b Administrator s EIN If the employer s name the employer s EIN and/or the plan name has changed since the last return filed for this plan enter the employer s name and EIN the plan name and the plan number for the last return in the appropriate space provided a 4c 4b EIN Plan name 4d PN...5a 1 Total number of participants at the beginning of the plan year.
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Instructions and Help about IRS 5500-EZ
How to edit IRS 5500-EZ
How to fill out IRS 5500-EZ
Instructions and Help about IRS 5500-EZ
How to edit IRS 5500-EZ
To edit the IRS 5500-EZ form, you can use pdfFiller’s editing tools. Begin by uploading your existing form to the platform. You can then utilize various editing features such as text addition, field completion, and signing capabilities. After making the necessary changes, ensure to save your work before proceeding to submit the form.
How to fill out IRS 5500-EZ
Filling out the IRS 5500-EZ form involves the following steps:
01
Gather relevant information such as the plan name, sponsor details, and financial data.
02
Complete all sections accurately, ensuring that numbers align with supporting documentation.
03
Review the form for any errors or missing information before submission.
It's essential to follow IRS guidelines meticulously to avoid issues. Consider consulting tax resources or professionals if uncertain about specific sections.
About IRS 5500-EZ 2022 previous version
What is IRS 5500-EZ?
What is the purpose of this form?
Who needs the form?
When am I exempt from filling out this form?
Components of the form
Due date
What payments and purchases are reported?
How many copies of the form should I complete?
What are the penalties for not issuing the form?
What information do you need when you file the form?
Is the form accompanied by other forms?
Where do I send the form?
About IRS 5500-EZ 2022 previous version
What is IRS 5500-EZ?
IRS 5500-EZ is a tax form used by one-participant retirement plans to satisfy annual reporting requirements. This form enables eligible retirement plan sponsors to report specific information about the plan's financial condition, investments, and operations. Using this form helps maintain compliance with federal regulations governing retirement plans.
What is the purpose of this form?
The purpose of the IRS 5500-EZ form is to provide the IRS with crucial information regarding one-participant retirement plans. The form serves to fulfill the annual reporting requirement aimed at ensuring transparency and adherence to tax laws. By properly filing this form, plan sponsors can avoid penalties and demonstrate compliance with applicable tax regulations.
Who needs the form?
One-participant retirement plans are required to file the IRS 5500-EZ form. This includes plans established for self-employed individuals and spouses, such as solo 401(k) plans. If you are the sole employee of your plan and do not have other participants, you need this form to meet IRS requirements.
When am I exempt from filling out this form?
You may be exempt from filing the IRS 5500-EZ form if your plan does not exceed $250,000 in total assets at the end of the plan year. Additionally, if your plan was terminated during the year, specific filing procedures apply that may exempt you from this form. Always verify with the current IRS rules for exemptions to ensure compliance.
Components of the form
The IRS 5500-EZ form consists of several components, including basic identifying information, financial information about the plan, and details concerning plan operations. Key sections include data on plan contributions, distributions, and transactions. Providing accurate data is crucial to avoid potential penalties.
Due date
The IRS 5500-EZ form is generally due on the last day of the seventh month after the end of the plan year. For plans ending on December 31, the due date would be July 31 of the following year. However, if you file for an extension using Form 5558, you may receive an additional two and a half months to file your form.
What payments and purchases are reported?
The IRS 5500-EZ form requires reporting on participant contributions, plan distributions, and any payments made by the plan. This may include purchases of investments or expenses incurred in managing the plan. Properly r eporting this information ensures compliance and helps maintain accurate records for tax purposes.
How many copies of the form should I complete?
Generally, you need to complete one copy of the IRS 5500-EZ form for submission to the IRS. However, it is advisable to keep a copy for your records, as you may need to reference this information in the future. Keeping accurate records of your submissions is essential for transparency and compliance.
What are the penalties for not issuing the form?
Failing to file the IRS 5500-EZ form may result in penalties imposed by the IRS. The penalty for not filing the form can be up to $1,100 per day until the form is submitted, with a maximum of $50,000. Accuracy in filing is crucial to prevent incurring these unwanted fees.
What information do you need when you file the form?
When filing the IRS 5500-EZ form, you need to gather information including the plan's name, EIN (Employer Identification Number), plan number, financial statements, and details on plan contributions and distributions. Having this information readily available will facilitate a smoother filing process.
Is the form accompanied by other forms?
The IRS 5500-EZ form may be filed without accompanying forms unless you're reporting specific transactions or are subject to additional reporting requirements. If your plan has over a certain number of participants or other characteristics, you may need to file additional forms like the Schedule A or C.
Where do I send the form?
The completed IRS 5500-EZ form should be mailed to the address indicated in the instructions provided with the form. For most filers, this is the Department of the Treasury, Internal Revenue Service. Ensure to check the most current filing instructions to confirm the correct address.
Use this catalog to find any type of IRS forms. We've gathered all of them under this section uncategorized to help you to find a proper form faster. Once you spot it on this list, have a look at the versions and schedules you might need as attachments. All returns are available for 2016 and for previous fiscal years.
