mk2308
Aug 25 2005, 05:34 PM
CAN PLAN EXPENSES BE SHOWN AS A PAYABLE FROM THE PLAN (INCURRED BUT NOT YET PAID)?
WDIK
Aug 25 2005, 05:40 PM
The 2005 Schedule H instructions indicate that you should "[i]nclude the total fees paid (or in the case of accrual basis plans costs incurred during the plan year but not paid as of the end of the plan year)..."
mk2308
Aug 26 2005, 08:34 AM
So are you saying that we can accrue plan expenses, even for small plans?
WDIK
Aug 26 2005, 11:00 AM
The 2005 Schedule I instructions define entries for line 2h by stating "[o]ther expenses (paid and/or payable) may include..." [emphasis added]
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