IRS Issues Draft Form 5500-EZ for 2016 Reporting

By ASPPA Net Staff • October 28, 2016 • 0 Comments
The IRS has issued a draft of the Form 5500-EZ to be used by one-participant retirement plans for 2016 information reporting.

The 2016 Form 5500-EZ is different from the 2015 Form 5500-EZ in two sections. 

1. The IRS has decided not to require plan sponsors to enter the preparer’s information at the bottom of the second page of Form 5500-EZ for the 2016 plan year and plan sponsors should skip these questions when completing the form.
2. The IRS has decided not to require plan sponsors to complete questions on lines 4a through 4d, 13a, 13b, 14 and 15 for the 2016 plan year.

The draft 2016 Form 5500-EZ is not to be used for actual reporting and filing in 2017 about the 2016 plan year; the IRS has posted it only to inform filers, rather than to make it available for filing.

The IRS recently made an early release of the draft of the 2016 Form 5500-EZ instructions.




Comments (0)