IRS Posts 2021 Instructions for Form 5330

The IRS has issued the 2021 version of detailed Instructions for Form 5330, Return of Excise Taxes Related to Employee Benefit Plans. The form is used to report excess contributions, prohibited transactions, reversion of qualified plan assets, excess fringe or welfare benefits paid, etc. These instructions will be reviewed for any changes of significance from the 2020 version, and findings will be shared as appropriate.