Section 08 Form 5330 - Schedule F

Section 08 must be present if there is an entry in Field 0310B or 0310C. If Section 08 generates as a missing section, determine if the filer entered the tax amount on the wrong line on Page 1. If the filer has not entered the tax amount on the wrong line, enter the amount from Page 1, Line 10b into Field 081C. If an amount is present on Line 10c enter into Field 082D.

The following fields are in Section 08:

Section 08 Fields

AFD

POS

FIELD NAME

FORM LINE

081C

13

Section 4971(g)(3) Tax

Schedule F, Line 1c

082D

13

Section 4971(g)(4) Tax

Schedule F, Line 2d

Section 08 is invalid when CCC "G" is present.

If this is a true amended return, delete Section 08.

Section 08 is invalid when Section 04, 05, 09, 10, 11, 12, or 13 is present. Taxes for these sections cannot be reported on the same Form 5330 as the Section 4971(g)(3) and 4971(g)(4)7 Taxes.

SSPND 351 and prepare Form 4227.

Rejects changes the numbered Form 5330 to reflect the tax for only Section 4971(g)(3) and 4971(g)(4)7 Taxes.

Rejects prepares a new Form 5330 for the remaining tax.

See IRM 3.12.22.8.1, Form 5330 Splitting Taxes, for complete instructions on splitting taxes.

Field 081C is located on Form 5330, Schedule F, Line 1c.

When present, must be numeric and may be negative.

Entry in Field 081C is not numeric.

Field 0310B is present and Field 081C is blank

Correct coding and transcription errors.

If an amount is present in Field 0310B and Field 081C is blank, enter amount from Field 0310B into Field 081C.

Field 082D is located on Form 5330, Schedule F, Line 2d.

When present, must be numeric and may be negative.

Entry in Field 082D is not numeric.

Field 0310C is present and Field 082D is blank.

Correct coding and transcription errors.

If an amount is present in Field 0310C and Field 082D is blank, enter amount from Field 0310C into Field 082D.