Instructions For Form 5330 November 2002 (Page 3 of 8) in pdf

Afternoon Service, Second Day

page 1 of the return and report the

Item E. Plan sponsor’s EIN. Enter the

Service.

correct amount of taxes in Parts II

nine-digit EIN assigned to the plan

•

DHL Worldwide Express (DHL): DHL

through XV, as appropriate, and on

sponsor. This should be the same

“Same Day” Service, DHL USA

lines 1 through 12a of Part I. See

number used to file the Form 5500

Overnight.

instructions for lines 12a through 12c.

series return/report.

•

Federal Express (FedEx): FedEx

Item F. Plan year ending. Plan year

Note. If you file an amended return to

Priority Overnight, FedEx Standard

means the calendar or fiscal year on

claim a refund or credit, the claim must

Overnight, FedEx 2Day, FedEx

which the records of the plan are kept.

state in detail the reasons for claiming

International Priority, and FedEx

Enter four digits in year-month order.

the refund. In order to promptly

International First.

This number assists the IRS in properly

consider your claim, you must explain

•

United Parcel Service (UPS): UPS

identifying the plan and time period for

why you are filing the claim and provide

Next Day Air, UPS Next Day Air Saver,

which Form 5330 is being filed. For

the appropriate supporting evidence.

UPS 2nd Day Air, UPS 2nd Day Air

example, a plan year ended March 31,

See Regulations section 301.6402-2 for

A.M., UPS Worldwide Express Plus,

2002, should be shown as 0203.

more details.

and UPS Worldwide Express.

Item G. Plan number. Enter the

The private delivery service can tell

three-digit number that the employer or

you how to get written proof of the

plan administrator assigned to the plan.

Specific Instructions

mailing date.

Filer’s signature. Please sign and

Filer tax year. Enter the tax year of the

Interest and Penalties

date the form. Also enter a daytime

employer, entity, or individual on whom

phone number where you can be

Interest. Interest is charged on taxes

the tax is imposed.

reached.

not paid by the due date even if an

Item A. Name and address of filer.

Preparer’s signature. Anyone who

extension of time to file is granted.

Enter the name and address of the

prepares your return and does not

Interest is also charged on penalties

employer, individual, or other entity who

charge you should not sign your return.

imposed for failure to file, negligence,

is liable for the tax.

For example, a regular full-time

fraud, gross valuation overstatements,

employee or your business partner who

and substantial understatements of tax

Include the suite, room, or other unit

prepares the return should not sign.

from the due date (including

numbers after the street number. If the

Generally, anyone who is paid to

extensions) to the date of payment. The

Post Office does not deliver mail to the

interest charge is figured at a rate

prepare a return must sign it and fill in

street address and you have a P.O.

determined under section 6621.

the Paid Preparer’s Use Only area.

box, show the box number instead of

the street address.

Penalty for late filing of return. If you

The paid preparer must complete the

do not file a return by the due date,

required preparer information and —

Item B. Filer’s identifying number.

•

including extensions, you may have to

Sign the return by hand, in the space

The identifying number of an individual

pay a penalty of 5% of the unpaid tax

provided for the preparer’s signature

(other than a sole proprietor with an

for each month or part of a month the

(signature stamps and labels are not

employer identification number (EIN)) is

return is late, up to a maximum of 25%

acceptable).

his or her social security number. The

•

of the unpaid tax. The minimum penalty

Give a copy of the return to the filer.

identifiying number of all others is their

for a return that is more than 60 days

EIN.

Part I

late is the smaller of the tax due or

Item C. Name and address of plan

$100. The penalty will not be imposed if

Lines 12a through 12c. If you are

sponsor. The term “plan sponsor”

you can show that the failure to file on

filing an amended Form 5330 and you

means:

time was due to reasonable cause. If

paid tax with your original return and

1. The employer, for an employee

you file late, you must attach a

those taxes have the same due date as

benefit plan that a single employer

statement to Form 5330 explaining the

those previously reported, check the

reasonable cause.

established or maintains;

box in item H and enter the tax reported

2. The employee organization in the

Penalty for late payment of tax. If

on your original return in the entry

case of a plan of an employee

you do not pay the tax when due, you

space for line 12b. If you file Form 5330

organization; or

may have to pay a penalty of

of 1%

for a claim for refund or credit, show the

3. The association, committee, joint

of the unpaid tax for each month or part

amount of overreported tax in

board of trustees, or other similar group

of a month the tax is not paid, up to a

parentheses on line 12c. Otherwise,

of representatives of the parties who

maximum of 25% of the unpaid tax.

show the amount of additional tax due

establish or maintain the plan, if the

The penalty will not be imposed if you

on line 12c and include the payment

plan is established or maintained jointly

can show that the failure to pay on time

with the amended Form 5330.

by one or more employers and one or

was due to reasonable cause.

Part II (Section 4972)

more employee organizations, or by

Note. Interest and penalties will be

two or more employers.

billed separately after the return is filed.

Tax on Nondeductible

Include the suite, room, or other unit

Claim for Refund or Credit/

Employer Contributions to

numbers after the street number. If the

Qualified Plans

Amended Return

Post Office does not deliver mail to the

street address and you have a P.O.

File an amended Form 5330 for any of

Section 4972 imposes an excise tax

box, show the box number instead of

the following:

on employers who make nondeductible

•

the street address.

To claim a refund of overpaid taxes

contributions to their qualified plans. A

reportable on Form 5330;

Item D. Name of plan. Enter the

“qualified plan” for purposes of this tax

•

For a credit for overpaid taxes; or

formal name of the plan, group

means any plan qualified under section

•

To report additional taxes due within

insurance arrangement, or enough

401(a), any annuity plan qualified under

the same tax year of the filer if those

information to identify the plan. This

section 403(a), and any simplified

taxes have the same due date as those

should be the same name indicated on

employee pension plan qualified under

previously reported. Check the

the Form 5500 series return/report filed

section 408(k) or 408(p). The term

“Amended Return” box in item H on

for the plan.

“qualified plan” does not include certain

-3-

Instructions For Form 5330 November 2002 Page 3

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