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IRS Issues Explanations Related to Contributions and Required Distributions

The IRS has issued publications that provide information and forms relevant to employee and matching contributions and required distributions. The new versions are for use during the CYCLE A Submission Period — Feb. 1, 2016 through Jan. 31, 2017.

Employee Benefits Plans Explanation No. 11 is intended to identify major problems that relate to plans providing for employee and/or matching contributions. It is to be used in conjunction with Form 8799, Worksheet 11, and Form 9416, Deficiency Checksheet 11.

Employee Benefits Plans Explanation No. 12 is intended to identify major problems that relate to plans that include a cash or deferred arrangement. It is to be used in conjunction with Form 9002, Worksheet 12, and Form 9417, Deficiency Checksheet 12.