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5500 termination criteria
Termination criteria is an electronic filing rejection condition that EFAST uses in conjunction with its electronic filing error checking. Some UltraTax CS diagnostics list termination criteria.
The criteria assures that the proper data entry is done when a plan is terminated. If a diagnostic cites that the termination criteria hasn't been met, then none of the bypass conditions have been met.
The plan needs to meet at least 1 of the following data entry conditions to meet the termination criteria and clear the diagnostic. You'll need to review the plan specifics to determine which of the following conditions is pertinent to that plan.
Option | Criteria |
|---|---|
1 | Schedule H, line 4k is Yes and Schedule H, line 1f(b) equals zero (0) OR Schedule I, line 4j is Yes and Schedule I, line 1a(b) equals zero (0)and Form 5500, line 6f equals zero (0) and the Form 5500, line 1b plan number ranges from 001 through 500 OR Form 5500, line 6d equals zero (0) and the Form 5500, line 1b plan number ranges from 501 through 999 |
2 | The Form 5500 or 5500-SF, line 1b plan number ranges from 501 through 999 and Schedule H, line 4k isn't Yes and Schedule H, line 1f(b) equals zero (0) OR Schedule I, line 4j isn't Yes and Schedule I, line 1a(b) equals zero (0)and Form 5500, line 6d equals zero (0) and Form 5500, line 9a(3) isn't marked |
3 | Form 5500, line 8a contains 2N and Form 5500, line B is marked the final return/report |
4 | Form 5500-SF, line 9a contains 2N and Form 5500-SF, line B is marked the final return/report |
5 | There's an entry on Form 5500, line 8b and no entry on Form 5500, line 8a and Form 5500, line 9a is marked either Insurance or General assets of the sponsor and not marked Trust and Form 5500, line 9b is marked either Insurance or General assets of the sponsor and not marked Trust and Form 5500, line 6d equals zero (0) and The Form 5500, line 1b plan number ranges from 501 through 999 |
6 | Form 5500-SF, line 13b is Yes ; Form 5500-SF, line 7a(b) equals zero (0); Form 5500-SF, line 5b equals zero (0); and the Form 5500-SF, line 1b plan number ranges from 001-500or Form 5500-SF, line 5b equals zero (0) and the Form 5500-SF, line 1b plan number ranges from 501 through 999 |