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Case 1607207JMC7ADoc 4975Filed 10/14/22EOD 10/14/22 10:21:58Pg 1 of 18UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF INDIANA INDIANAPOLIS DIVISION IN RE: ITT EDUCATIONAL SERVICES, INC., et al.

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What is doc 4975?

Doc 4975 refers to the IRS Form 4975, which is a tax form used to report certain transactions in retirement plans that are considered prohibited transactions under the Internal Revenue Code.

Who is required to file doc 4975?

Individuals or entities involved in prohibited transactions within their retirement plans, such as plan fiduciaries, must file Form 4975.

How to fill out doc 4975?

To fill out Form 4975, taxpayers need to provide information about the prohibited transaction, including details of the parties involved, the nature of the transaction, and any related financial data.

What is the purpose of doc 4975?

The purpose of Form 4975 is to report prohibited transactions to the IRS, ensuring compliance with tax laws that govern retirement plans.

What information must be reported on doc 4975?

Form 4975 must report the details of the prohibited transactions, including the identities of the parties involved, the type of transaction, and its financial impact on the retirement plan.