Are ROBS reported on Form 1120?

[David]

Do ROBS apply to any of the entities reported on Form 1120 Schedule K line 4a or 4b?

The IRS instructions are clear and it appears that a ROBS is not identified anywhere on form 1120. Is my understanding correct? If not, then where is the ROBS reported?

Thanks.

[David]

I meant to say "The IRS instructions aren't clear...."

[Max W]

ROBS are reported on form 5500.  There are exceptions if less than $250K.

https://www.irahelp.com/slottreport/robs-plans-and-irs-form-5500

https://www.irs.gov/retirement-plans/rollovers-as-business-start-ups-compliance-project

 

[jklcpa]

To be clear, David is asking about the ownership questions on the 1120's Sch K, questions 4a and 4b shown below for the stock that was purchased by the 401(k) plan:

 

[David]

My apologies for not being clear with my question. Thanks for clarifying, Judy.

I know a 5500 is reported for the 401K plan. Is a 401K plan treated as a trust for purposes of question 4a  on Form 1120? If so, then I should report the plan on schedule G.

Have those of you who have had this situation reported the plan on schedule G or not?

Thanks.

[DANRVAN]

On 12/24/2019 at 10:49 AM, David said:

should report the plan on schedule G.

I think you are on the right track David.  I have not dealt with ROBS but believe the 401k is considered a trust type of entity.