Web FormsInformal Valuation
Annual Administration Requirements
When your Profit Sharing Plan has reached its year-end and it is time to perform your annual administration; SDCooper Company will need the items listed below in order to complete the annual descrimination testing and tax filing :
Please complete these forms and return them to SDCooper Company at your earliest convenience. If there were any distributions during the plan year, we will need to see the records indicating that so we can prepare the tax forms accordingly. SDCooper must have these copies to prepare the annual tax return for the plan.
If this information is not received by the deadline, the IRS can impose a late fee of $25 per day, up to a maximum $15,000 penalty.