Instructions For Form 5330 November 2002 Page 8
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8Internal Revenue laws of the United
administration of any Internal Revenue
Part XV (Section 4971(f))
States. This form is required to be filed
law. Generally, tax returns and return
under sections 4971, 4972, 4973, 4975,
information are confidential, as required
Tax on Failure to Correct
4976, 4977, 4978, 4978A, 4978B,
by Code section 6103.
Liquidity Shortfall
4979, 4979A, 4980, and 4980F of the
The time needed to complete and
Section 4971(f). If your plan has a
Internal Revenue Code. Section 6109
file this form will vary depending on
liquidity shortfall for which an excise tax
requires you to provide your taxpayer
individual circumstances. The
under section 4971(f) is imposed for
identification number (SSN or EIN). If
estimated average time is:
any quarter of the plan year, complete
you fail to provide this information in a
Recordkeeping . . .
20 hr., 19 min.
lines 44 through 47.
timely manner, you may be liable for
penalties and interest. Routine uses of
Line 44. Include on line 44 the amount
Learning about the
this information include giving it to the
of the liquidity shortfall(s) for each
law or the form . . .
10 hr., 7 min.
Department of Justice for civil and
quarter of the plan year.
Preparing and
criminal litigation, and cities, states, and
Line 45. Include on line 45 the amount
sending the form
the District of Columbia for use in
of any contributions made to the plan
to the IRS . . . . . . .
10 hr., 54 min.
administering their tax laws. We may
by the due date of the required
also disclose this information to Federal
quarterly installment(s) which partially
If you have comments concerning
and state or local agencies to enforce
“corrected” the liquidity shortfall(s)
the accuracy of these time estimates or
Federal nontax criminal laws and to
reported on line 44.
suggestions for making this form
combat terrorism.
Line 46. Include on line 46 the net
simpler, we would be happy to hear
You are not required to provide the
amount of the liquidity shortfall (subtract
from you. You can write to the Tax
information requested on a form that is
line 45 from line 44).
Forms Committee, Western Area
subject to the Paperwork Reduction Act
Distribution Center, Rancho Cordova,
Note. If the plan has a liquidity shortfall
unless the form displays a valid OMB
CA 95743-0001. Do not send this form
as of the close of any quarter and as of
control number. Books or records
to this address. Instead, see Where To
the close of the following 4 quarters, an
relating to a form or its instructions
File on page 2.
additional tax will be imposed under
must be retained as long as their
section 4971(f)(2) equal to the amount
contents may become material in the
on which tax was imposed by section
4971(f)(1) for such quarter.
Privacy Act and Paperwork
Reduction Act Notice. We ask for the
information on this form to carry out the
-8-
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