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Oh Say, Can You C: Making Sense of Schedule C
Presentor: Stephen Forbes Recorded Date: 6/12/2012 Duration: 100 Min.


This program was recorded during a live presentation on June 12, 2012.

Since its introduction in 2010, Schedule C has proven to be a source of continual confusion and frustration for 5500 preparers. Recent DOL letters demanding Schedule C filing for plans which had not previously filed them only highlight the uncertainty and misunderstanding this Schedule has caused.

In this seminar, the speaker helps cut through all the questions and as much of the confusion as possible. When the program ends, you should know who needs to file, what needs to be reported, and where and how to report it. The speaker explains eligible indirect compensation, and filing issues regarding mutual funds. He also shows how Schedule C ties into the new service provider fee disclosure rules, and how they differ.

Topics include:

  • Filing Requirements.
  • Changes in the Schedule.
  • Eligible Indirect Compensation.
  • Reporting Exceptions.
  • Direct vs. Indirect Compensation.
  • Excludable Non-monetary Compensation.
  • Bundled vs. Unbundled Providers.
  • Reportable Mutual Fund Payments.
  • Required Written Disclosures.
Prerequisites: There are no prerequisites or other advanced preparation for this program.

Level: Intermediate

Instructional Delivery Method
Recorded playback of a live presentation.

Speaker: Stephen W. Forbes, J.D., LL.M.
Author of The 5500 Filing Guide

Objectives: After attending this presentation, attendees should be able to:

  1. List the types of 5500 filers required to file Schedule C.
  2. Determine compensation reportable on Schedule C.
  3. List the differences between Schedule C and the service provider fee disclosure requirements.
  4. Determine if compensation qualifies for simplified reporting.

Hardware System Requirements:

  • Windows 95, 98, NT 4.0, 2000, XP, Windows 7
  • Internet Explorer 4.01 or later, Netscape 4.08 or later, and set Internet browser to allow pop-up windows.
  • High-speed Internet connection.
  • Pentium 166+ MHz, 128MB RAM or more.
  • 1023 x 768 or higher display resolution.
  • Soundcard and Speakers.

Software Requirements:

Recorded Event Time Limitation:
This recorded event will be available for 20 days from your date of registration.

Program related requests, questions, or concerns may be emailed to: