5500-US ELF: Termination criteria (FAQ)

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Question

What is termination criteria?

Answer

Termination criteria is an electronic filing rejection condition that EFAST uses in conjunction with its electronic filing error checking. Some UltraTax CS diagnostics list termination criteria. This criteria assures that the proper data entry is done when a plan is terminated. If a diagnostic cites that the termination criteria has not been met, then none of the bypass conditions have been met.

The plan must meet at least one of the following data entry conditions to meet the termination criteria and clear the diagnostic. You will need to review the plan specifics to determine which of the following conditions is pertinent to that plan.

Option Criteria
1

Schedule H, line 4k is "Yes" and Schedule H, line 1f(b) equals zero (0) or Schedule I, line 4j is "Yes" and Schedule I, line 1a(b) equals zero (0)

and

Form 5500, line 6f equals zero (0) and the Form 5500, line 1b plan number ranges from 001 through 500 or Form 5500, line 6d equals zero (0) and the Form 5500, line 1b plan number ranges from 501 through 999
2

The Form 5500 or 5500-SF, line 1b plan number ranges from 501 through 999

and

Schedule H, line 4k is not "Yes" and Schedule H, line 1f(b) equals zero (0) or Schedule I, line 4j is not "Yes" and Schedule I, line 1a(b) equals zero (0)

and

Form 5500, line 6d equals zero (0) and Form 5500, line 9a(3) is not marked
3

Form 5500, line 8a contains "2N"

and

Form 5500, line B is marked "the final return/report"
4

Form 5500-SF, line 9a contains "2N"

and

Form 5500-SF, line B is marked "the final return/report"
5

There is an entry on Form 5500, line 8b and no entry on Form 5500, line 8a

and

Form 5500, line 9a is marked either "Insurance" or "General assets of the sponsor" and not marked "Trust"

and

Form 5500, line 9b is marked either "Insurance" or "General assets of the sponsor" and not marked "Trust"

and

Form 5500, line 6d equals zero (0)

and

The Form 5500, line 1b plan number ranges from 501 through 999
6

Form 5500-SF, line 13b is "Yes"; Form 5500-SF, line 7a(b) equals zero (0); Form 5500-SF, line 5b equals zero (0); and the Form 5500-SF, line 1b plan number ranges from 001-500

or

Form 5500-SF, line 5b equals zero (0) and the Form 5500-SF, line 1b plan number ranges from 501 through 999

Related topic: 5500-US ELF: Electronic filing FAQs

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