pixmax Posted July 23, 2014 Share Posted July 23, 2014 Company A Company B Owner A 99 % Owner A 69% Owner B 1% Owner B 1% Owner C 30% Owner A and C are cousins. Owner A does not receive income or from Company B and Owner C does not receive income from Company A. I believe it's controlled based on 50% identical ownership correct? Link to comment Share on other sites More sharing options...
rcline46 Posted July 23, 2014 Share Posted July 23, 2014 CG for accounting yes, CG for pensions no, ASG undetermined Link to comment Share on other sites More sharing options...
Tom Poje Posted July 23, 2014 Share Posted July 23, 2014 if it helps, see the example on 7.7 of the IRS controlled group guideline all you need do is change the percentages to match what you have. as noted above, undetermined if affiliated service group exists irs controlled group notes.pdf 401king 1 Link to comment Share on other sites More sharing options...
austin3515 Posted July 23, 2014 Share Posted July 23, 2014 If you subscribe to TAG they have sweet template that will analyze up to 5 entities (maybe 4?) for 4 owners. Just put in your data and there are these really cool formulas that say "Company 1 and Company 2 are a controlled group" or Company 3 and 4 are a controlled group and Companies 1 and 5 are a controlled group. I'd share it but I would feel bad publishing their intellectual capital. Austin Powers, CPA, QPA, ERPA Link to comment Share on other sites More sharing options...
Calavera Posted July 23, 2014 Share Posted July 23, 2014 CG for accounting yes, CG for pensions no, ASG undetermined I agree that it is not a CG for pensions. I don't know what is the difference between pension and accounting. Can you explain why it is a CG for accounting? Link to comment Share on other sites More sharing options...
rcline46 Posted July 24, 2014 Share Posted July 24, 2014 If you look at the code, it was modified several years ago from 80% to 50%. Then the pension only 80% was added back in a later sub-section. Link to comment Share on other sites More sharing options...
My 2 cents Posted July 24, 2014 Share Posted July 24, 2014 Original post indicates that A and C are cousins. What difference would that make? Cousins don't count for family aggregation, do they? Always check with your actuary first! Link to comment Share on other sites More sharing options...
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