FundeK
Apr 15 2004, 10:18 AM
We are being asked to cut a check to pay UBTI tax today. Is it okay to pay this tax with plan assets?
FundeK
Apr 15 2004, 10:48 AM
False alarm!! I was just informed that it has to be paid from the Trust. Now, don't I feel silly!
ljr
Apr 15 2004, 04:51 PM
Speaking of UBTI, do any of the accountants out there know who properly files the 990-T? The Trustee or the Plan Sponsor? We have two plans that have this tax and for one the Plan Sponsor has always filed the 990-T, paid the tax and requested reimbursement from the Trust. For the other plan, the Trustee has always filed the return and paid the tax directly from the Trust.[FONT=Arial]
Kirk Maldonado
Apr 15 2004, 07:32 PM
What do the instructions to the Form 990-T say?
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