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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 14568-G Schedule 7
for the current year.
IRS Form 14568-G Schedule 7 Failure to Distribute Elective Deferrals in Excess of the 402(G) Limit
What Is IRS Form 14568-G Schedule 7?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on September 1, 2017. As of today, no separate filing guidelines for the form are provided by the IRS.
FAQ
Q: What is IRS Form 14568-G Schedule 7?
A: IRS Form 14568-G Schedule 7 is a document used for reporting failure to distribute elective deferrals in excess of the 402(G) limit.
Q: What does the 402(G) limit refer to?
A: The 402(G) limit refers to the limit on elective deferrals that can be made to a retirement plan, such as a 401(k) or 403(b).
Q: When should I use IRS Form 14568-G Schedule 7?
A: You should use IRS Form 14568-G Schedule 7 when you need to report a failure to distribute elective deferrals in excess of the 402(G) limit.
Q: What happens if I fail to distribute elective deferrals in excess of the 402(G) limit?
A: If you fail to distribute elective deferrals in excess of the 402(G) limit, you may be subject to penalties and additional taxes.
Form Details:
- A 1-page form available for download in PDF;
- Actual and valid for filing 2023 taxes;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 14568-G Schedule 7 through the link below or browse more documents in our library of IRS Forms.
