Step 1 of 5 · Who owes the tax
Form 5330 — Section D: Reversion of qualified plan assets to an employer
The 20% or 50% tax on plan assets that reverted to the employer when a qualified plan terminated.
This return reports Section D taxes only.
A Form 5330 may report the taxes of one section. If you also owe an excise tax from another section, it has its own due date and needs its own Form 5330 — start a second one from the section list.
Due: The last day of the month following the month in which the reversion occurred.
Who owes the tax
Form 5330 is filed by the person or entity liable for the excise tax — which is not always the plan or its sponsor. Give the EIN for an entity, or the SSN if an individual owes the tax.