News & Information



5500 Preparer's Manual for 2012 Plan Years

5500 Preparer's Manual for 2012 Plan Years
The premier resource in the field of Form 5500 preparation, 5500 Preparer's Manual will help you handle the required annual Form 5500 filings for both pension benefits and welfare benefit plans.


IRS changes reporting requirements for ESOP dividends

The IRS has announced that Code Sec. 404(k) dividends paid in cash from employee stock ownership plans in 2009 or later years must be reported on a Form 1099-R that does not report any other distributions. Any other plan distributions must be reported on a separate Form 1099-R. The IRS anticipates that the addition of a special code in box 7 of the form will indicate the special tax treatment and rollover restrictions applicable to Code Sec. 404(k) dividends.