Section 22. Employee Plan Excise Tax Returns›3.12.22 Employee Plan Excise Tax Returns
Section 12 Form 5330 - Schedule J (4980F Tax)
Internal Revenue Manual Part 3. Submission Processing · 2026-10-03 edition · updated 2026-10-04 · United States
Section 12 must be present if there is an entry in Field 0315. If Section 12 generates as a missing section, determine if the filer entered the tax amount on the wrong line on Page 2. If the filer entered the tax amount on the correct line, enter the amount from Page 2, Line 15 into Field 12L5.
The following fields are contained in Section 12:
Section 12 Fields
AFD
POS
FIELD NAME
FORM LINE #
12L1
7
Number of Applicable Individuals
Schedule J, Line 1
12L2
8
Effective Amendment Date
Schedule J, Line 2
12L3
4
Number of Days
Schedule J, Line 3
12L4
13
Total Number of Failures
Schedule J, Line 4
12L5
13
Total Tax 4980F
Schedule J, Line 5
Section 12 is invalid when CCC "G" is present
If this is a true amended return, delete Section 12.
Section 12 is invalid when Section 04, 05, 06, 07, 08, 09, 10, 11, or 13 is present. Taxes for these sections cannot be reported on the same Form 5330 as the Section 4980F Tax.
SSPND 351 and prepare Form 4227.
Rejects changes the numbered Form 5330 to reflect the tax for only Section 4980F 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 12L1 Number of Applicable Individuals¶
Field 12L1 is located on Form 5330, Schedule J, Line 1.
This field may be present.
Field 12L1 Invalid Conditions¶
Field 12L1 Correction Procedures¶
Correct coding and transcription errors.
Field 12L2 Effective Amendment Date¶
Field 12L2 is located on Form 5330, Schedule J, Line 2.
May be present.
If only a year is present, 0101 is generated for the month and day.
Field 12L2 Invalid Conditions¶
Date in Field 12L2 is not in valid YYYYMMDD format.
Date is 19841231 or earlier.
Field 12L2 is present, and Total Tax Amount (12L5) is not greater than zero.
Field 12L2 Correction Procedures¶
Correct coding and transcription errors from attachments if needed.
Enter date in YYYYMMDD format. If unable to perfect, SSPND 211 and correspond ONLY if you are corresponding for other missing items on the return. Otherwise enter "99990101" in 12L2.
Field 12L3 Number of Days¶
Field 12L3 is located on Form 5330, Schedule J, Line 3.
This field may be present.
Field 12L3 Invalid Conditions¶
Field 12L3 Correction Procedures¶
Correct coding and transcription errors.
Field 12L4 Total Number of Failures¶
Field 12L4 is located on Form 5330, Schedule J, Line 4.
This field may be present.
When present, must be numeric.
Field 12L4 Invalid Conditions¶
Entry in field 12L4 is not numeric.
Field 12L4 is present and Total Tax Amount (12L5) does not have an entry greater than zero.
Field 12L4 Correction Procedures¶
Correct coding and transcription errors.
Field 12L5 Total Tax¶
Field 12L5 is located on Form 5330, Schedule J, Line 5.
This field may be present.
Field 12L5 Invalid Conditions¶
Entry in Field 12L5 is not numeric.
Field 12L5 is present and does not equal Total Number of Failures (12L5) multiplied by $100.
Field 12L5 Correction Procedures¶
Correct coding and transcription errors for Fields 0315, 12L1, 12L2, 12L3, 12L4, and 12L5.
If the taxpayer made an error in transferring the total tax from Field 12L5 to 0315, enter TPNC 21.
If the taxpayer made an error in the calculation of tax in Schedule J (Section 12), enter TPNC 08.
If the amount is missing enter the amount from 0315 on 12L5. Calculate the amount in 0315 divided by $100 and enter that amount into 12L4.
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