Major Changes for Form & Instruction

Description of Major Changes for Form 5330,
Return of Excise Taxes Related to
Employee Benefit Plans

General Changes
We changed Filers EIN to Filer’s identifying number at the top of each page 2-6,
as requested by EP.
Line numbers and schedules have been renumbered and renamed accordingly.
Specific Changes
Page 1
We added the parenthetical (see instructions) so filers can read about the
differences between an EIN and SSN, as requested by EP.
We are adding to Part 1, lines 10a-10c to reflect three new excise taxes under
Section 4971(g) as added by P.L. 109-280 Act, Section 212. In addition, we
added abstract numbers to the IRS Use Only column. These changes were
coordinated with EP.
We added a new Section B-1, Tax that is reported by the last day of the 7th
month after the end of the calendar year in which the excess fringe benefits were
paid to the employer's employees, as requested by EP.
Page 2
We changed the text in the Heading for Section F. This new text parallels
54.6011-1T(c)(1) of the Temporary Pension Excise Tax Regulations. This
change was requested by EP.
We added abstract number to line 16, as requested by EP.
We added a new preparer signature block to allow preparer penalties for failure
to sign or furnish a TIN, pursuant to section 8246 of the Small Business and
Work Opportunity Act of 2007 (P.L. 110-28).
Page 3
We inserted the word “employer” in the heading for Schedule A and on line 1 in
accordance with the term qualified employer plan in section 4972(d)(1). This change
was requested by EP.

Page 5

We revised text under Schedule D, Tax on Failure to Meet Minimum Funding
Standards, line 1 from “accumulated deficiency” to “aggregate unpaid required
contributions” in accordance with section 4971(a). This change was requested
by EP.
Page 6
We are adding a new Schedule F, Tax on Multiemployer Plans in Endangered or
Critical Status, under Section 4971(g)(3), and 4971(g)(4). This change was
coordinated with EP.
We changed the text in the Heading for Schedule K. This new text parallels
54.6011-1T(c)(1) of the Temporary Pension Excise Tax Regulations. This
change was requested by EP.

Description of Major Changes for Instructions for Form 5330
General Changes
We deleted all references to repealed section 4978A throughout the text, specifically on page 1,
4, and 12.
Line numbers, schedules, and years have been renumbered and/or renamed accordingly to
match the revised Form 5330.

Specific Changes
Page 1
We have added a What’s New item addressing Section 4971(g) as added by PL 109-280 Act
Section 212.

Page 1-2
We have expanded Purpose of Form, and Table 1. Excise Tax Due Dates, to list the three new
excise taxes under Section 212 of PL 109-280.
We added new items for numbers 4, 5, and 6 to reflect sections 4971(g)(2), (3), and (4) under
Who Must File, and we renumbered the lines accordingly.
Page 2
We changed “in which” to “during which” to remain consistent with the language used in Form
5330 and 54.6011-T of the Temporary Pension Excise Tax Regulations under Table 1, column 2,
next to section 4965 as requested by TEGE Counsel and EP
We added a new bullet under “A Form 5330 and tax payment is required for:” to include the filing
and payment requirement for employers who are liable for tax under section 4971(g)(2).
We added item numbers to the second bullet under “A Form 5330 and tax payment is required
for” to reflect sections 4971(g)(3) and 4971(g)(4).
Page 3
We deleted line 4, under Item D, removing entity manager from the definition of term plan
sponsor at the request of TEGE/EP.
Page 5
We have added text on Section 4971(g)(2) Failure to Comply With a Funding Improvement or
Rehabilitation Plan. This text has subsequently been revised as requested by TEGE Counsel and
EP.
Page 8
We changed the headings of Figure 1 and Figure 2, as requested by EP.

We changed text in the examples under Figure 1 and Figure 2 with more concise language, as
requested by EP.
We added new paragraphs titled The Form 5330 for the year ending December 31, 2005 and The
Form 5330 for the year ending December 31, 2006, as requested by EP.
Page 10
We have added text on the new Schedule F (Section 4971(g)(2), Section 4971(g)(3), and Section
4971(g)(4). This text has subsequently been revised as requested by TEGE Counsel and EP.
Page 11
We revised text under Schedule J, Tax on Failure to Provide Notice of Significant Reduction in
Future Accruals, explaining why the notice is called a section 204(h) notice, as requested by
TEGE/EP and Counsel.
We revised text under Schedule J, Tax on Failure to Provide Notice of Significant Reduction in
Future Accruals, on the definition of “applicable individual”, as requested by TEGE/EP and
Counsel.
Page 11-12
We deleted text under Line 4, this information is also stated at the top of column 3, and is
redundant.