This detailed, easy-to-understand tax return focused guidance is complete with real life examples, illustrations of filled-in forms, and practice aids so you or your staff can quickly and easily resolve and implement the key issues encountered in preparing the 5500 series returns.

The latest edition includes the following guidance:

• Electronic Filing. Form 5500 must be electronically filed. This edition includes the latest tips and tricks after several filing seasons using EFAST2, including the electronic signature options and filing attachments.
• Service Provider Information. Know how to correctly complete Schedule C in light of the new service provider regulations. Preparation requirements for Schedule C, Service Provider Information, are updated for recent guidance.
• Participant Disclosure Fee. With the first round of participant fee disclosures underway for most plans, there is more information and feedback on what will meet requirements. This edition includes current guidance and potential issues practitioners may face in preparing these disclosures.
• IRS Compliance. This edition includes the most recent compliance projects being undertaken by the IRS in the Employer Plan area. Mandatory electronic filing has enabled the IRS to target more accurately and effectively plans that they want to audit. This year’s edition will address what the IRS is looking for and how to avoid reporting errors that may be a red flag.
• Fiduciary Responsibility. Fiduciary responsibility is an area that continues to elicit much publicity. This edition includes current developments in the area.