"Dave Woods, EA" <d.woods[at]verizon.net> wrote:
- quote -

We do all the trivial reporting forms ourselves, e.g.
typically anything that does not involve a dollar amount.

I eventually decided this was not a trivial form and
sent it off to the accountant. He filled it out and
sent it back to me for signature. While I trust his
work, I like to fully understand everything I sign.

Why does the IRS tell you (in the instructions), quite
unconditionally, to get an EIN for the Plan Administrator?
Is there a secret "for accountants only" instruction book
which tells you to ignore the published instructions?

Thanks,
Alex

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

"Alex Goorgle" <goorgle[at]hotmail.com> wrote:

- quote -

He is, and I have to question why that accountant isn't
doing the return.

--
David M. Woods, EA
Boston, MA 02109

Postings here are general information only and not to be
relied upon as advice.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

I need a "third opinion" here.

We've had this paired Money Purchase / Profit Sharing plan
for 5 years, but this will be the first year we're supposed
to file Form 5500EZ.

I'm somewhat baffled by question 3a (Administrator's EIN)
and also on the Schedule P, question 2b (Trust's employer
identification number). The Administrator and the Trustee
are both the same individual. The Trust is a prototype trust
plan from a fund company and does not have its own EIN.

Do I really need to create four new EINs in order to file
these forms? The IRS is not letting me create more than one
EIN online... It says the entity already has an EIN. The IRS
rep on the phone was of no help ("I don't know. I only issue
new EINs, sir!").

Our accountant said, just use the corporation's EIN
everywhere. Does this sound right???

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->