Section 22. Employee Plan Excise Tax Returns›3.12.22 Employee Plan Excise Tax Returns
Section 10 Form 5330 - Schedule H (4979 Tax)
Internal Revenue Manual Part 3. Submission Processing · 2026-10-03 edition · updated 2026-10-04 · United States
Section 10 must be present if there is an entry in Field 0313. If Section 10 generates as a missing section, determine if the filer entered the tax amount on the wrong line on Page 1. If the filer has entered the tax amount on the wrong line, enter the amount from Page 1, Line 13 into Field 10L2 and compute Field 10L1 by dividing 10L2 by 10%.
The following fields are contained in Section 10:
Section 10 Fields
AFD
POS
FIELD NAME
FORM LINE #
10L1
13
Excess Contributions
Schedule H, Line 1
10L2
13
Tax on 4979
Schedule H, Line 2
Section 10 is invalid when CCC "G" is present.
If this is a true amended return delete Section 10.
Section 10 is invalid when Section 04, 05, 06, 07, 08, 09, 11, 12, or 13 is present. Taxes for these sections cannot be reported on the same Form 5330 as the Section 4979 Tax.
SSPND 351 and prepare Form 4227.
Rejects changes the numbered Form 5330 to reflect the tax for only Section 4979 Tax.
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 10L1 Excess Contributions¶
Field 10L1 is located on Form 5330, Schedule H, Line 1.
This field may be present.
This is a numeric field that may be negative.
Field 10L1 Invalid Conditions¶
Field 10L1 Correction Procedures¶
Correct coding and transcription errors.
Field 10L2 Tax On 4979¶
Field 10L2 is located on Form 5330, Schedule H, Line 2.
This is a numeric field that may be negative.
This field may be present.
Field 10L2 Invalid Conditions¶
Entry in Field 10L2 is not numeric.
Field 10L2 does not equal the Excess Contributions amount (10L1) multiplied by 10% (.10) unless CCC "C" is present.
Field 10L2 Correction Procedures¶
Correct coding and transcription errors.
If the taxpayer made an error in transferring the total tax from Field 10L2 to 0313, enter TPNC 19.
If the taxpayer made an error in calculating tax on Schedule H (Section 10), enter TPNC 06.
Verify all information is correct in Section 10. If information is missing correct from attachments. If fields cannot be corrected, enter the amount in 0313 on 10L2, then calculate 0313 divided by 10% and enter that amount into 10L1.
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