Filing
This annual Employee Plan return can be filed by mail for the current tax year in certain circumstances:
What is 5500-EZ?
IRM 21.3.8.13.12 p8,9,10
Determination Applications closed as Incomplete can only be viewed by this type of person:
What is Authorized?
IRM 21.3.8.4.3.2 Para 1e
This optional form can be used to request a determination of a plan termination
What is Form 5310?
IRM 21.3.8.13.5
This type of plan allows employers and employees both to contribute to the employee's plan account.
What is a defined contribution plan?Source: training material
VCR is an acronym for:
What is Voluntary Compliance Resolution?
The form 5558 Can be used to request an extension of time to file the Form 5500 Series returns. The length of the extension that would be granted is:
What is two and a half months (2 months and 15 days)?
IRM 21.5.11.5.2 p8
Finish this phrase: "Are you a current officer legally________________________________?"
What is "authorized to act on behalf of the plan"?
Notice 3336 is used for this purpose:
What is: to acknowledge the application for determination.
This type of retirement plan is NOT considered a Qualified Plan:
What is a 457 Plan?
Source: Training material, irs.gov
Timeframe to fulfill a written request for a copy of a Form 5500-EZ
What is 60 Days?
IRM 21.3.8.3.4.1.4
These two annual returns are now required to be filed electronically at DOL using EFAST2
What are Form 5500 and Form 5500SF?
IRM 21.3.8.1.3.2
Before pay.gov, EP user fees for forms 5300, 5307 were submitted using this form
What is Form 8717?
Lesson material (pg 2-8)
If an unauthorized caller has a question regarding how to complete a form 5300, how would the CSR proceed.
What is answer the question
This type of plan offers a specific benefit, often at a specified age, to the employee.
What is a defined benefit plan?
Source: training material
Written name change requests can be submitted to EP Entity by these two methods:
What is mailed or faxed?
IRM 21.3.8.9.3
The requirements to file the form can include plan assets over $250,000.00 and/or filed as a final return for a terminating plan.
What is 5500-EZ?
Source: Lesson material, IRM 21.3.8.13.2 leading to 5500 corner at irs.gov and the instructions for Form 5500-EZ
This IRM should be used to check the status of open EP Determination applications
What is 21.3.8.5.1.3.3?
"I got a letter from Social Security and I want to know where my money is" - this scenario likely means the caller received a letter with this nickname:
What is a Pot-O-Gold letter (8955-SSA)?
IRM 21.3.8.13.3.2
This plan, which is offered by the IRS, is a Defined Contribution plan.
What is the TSP/Thrift Savings Plan?
If you see this on your test, answer Defined Benefit for the score but you should know the truth.
How would an employee plan request a copy of a Form 5500-EZ filed in tax year 2015
What is instruct the caller to send a written request and allow up to 60 days for receipt of the requested copy
Due date for annual plan return for plan year ending January 31 is _____________
What August 31?
IRM 21.5.11.5.2
To locate user fees for EP applications, you can use this:
What is Revenue Procedure 2020-4 or its successor (Currently Rev. Proc 2023-4)
Source - training material, irs.gov
Callers who receive a notice of potential benefits from the SSA and who say their employer has no information or who can't contact their employer should be told to call this department and number:
Department of Labor at 866-487-2365, 8 a.m. - 8 p.m. ET
IRM 21.3.8.13.3.2
The plan number is 507. Name at least one type of plan this could be.
Welfare, Fringe Benefit, or Group Insurance Arrangement
Extension where TEGE Tax Law would transfer a caller who has questions about the Form 5310:
What is: This is a trick question, we wouldn't transfer them, we would help them with both questions about the form and status of form submissions. (1766 is us)
Source: TTG