Earl

Thank you very much for this.

Can the Plan pay the expenses of a Trustee even if it is a Self-Trusteed Plan? Sounds like a PT but since Owner is wearing the Trustee hat at that moment is it ok? Thank you very much

And I have had a check returned to a client by the US Tres. With a penalty assessed for failure to pay electronically. (Client didn't believe me that it had to be paid electronically)

For Father-In-Law & Mother-In-Law in community property state I thought Owner's ownership is considered actually owned by spouse (not attributed) Spouse's ownership would be attributed to her Mother &/or Father (one step) So Father-In-Law/Mother-In-Law of owner is an HCE & Key EE (regardless of whether owner's spouse is EE or not.) Is that not true? Thank you

Lump sum except for RMDs, and in-service distributions Want your money? Roll it over and have at it.

Just trying to strike while the iron is hot. Meaning when all the details and my hard work are fresh and he won't grouse about paying my fees. thanks

For a continuing calendar year plan, as of today 1/6/19, can I file a 2017 5500EZ or do I have to wait until the IRS releases the 2018 EZ? Trying to avoid teaching an 80 yr old how to file an SF or teaching him to scan & email me a signed SF. Thank you

When you find yourself digging yourself into a hole, stop digging. Pay the man.

Thanks, but I am not assuming anything. I am just a lowly TPA trying to tell a client and his adviser if something is possible. I don't think it is my place to go beyond that. (Happy to admit I am wrong, though.) I spoke with my consulting actuary and we cannot find anything definitive for how to handle this issue. I can say the goal for this guy is to contribute as much as possible out of the millions he earns each year. And I am sure the agent is salivating, but I don't think that is my issue. Thank you, again, for responding.

Agent wants to put insurance in the DB Part of the DB/DC Plan for Mr. Big. Since the DB Plan, on its own, is a discriminatory arrangement, wouldn't putting in insurance at 100x proj monthly benefit be a discriminatory ancillary benefit? Is there a way to make this work? Mandatory insurance in the DC Plan which the employees and cannot waive out of the coverage? Thank you for any thoughts.

I have started working on a 403b plan that has a compensation exclusion of "coach's compensation". Provision does not specify that it applies only to ER contributions. Some people are only coaches so they have plan compensation of $0 effectively excluding them from the salary deferral part of the plan (it seems to me.) Does this situation create a problem with the universal availability requirement for the 403b benefit? Thank you

My experience is that TIAA can re-post under the correct money type.

Just give them a 1099 and they will cash it.

I don't think they will give you one. You can try and find out if they will.

I had IRS tell me had to deduct in prior so agree with Mike. What a waste of time that conversation was.

Thanks!

I keep this handy and have emailed is many times: SEC. 7502. TIMELY MAILING TREATED AS TIMELY FILING AND PAYING. 7502(a) GENERAL RULE. – 7502(a)(1) DATE OF DELIVERY. --If any return, claim, statement, or other document required to be filed, or any payment required to be made, within a prescribed period or on or before a prescribed date under authority of any provision of the internal revenue laws is, after such period or such date, delivered by United States mail to the agency, officer, or office with which such return, claim, statement, or other document is required to be filed, or to which such payment is required to be made, the date of the United States postmark stamped on the cover in which such return, claim, statement, or other document, or payment, is mailed shall be deemed to be the date of delivery or the date of payment, as the case may be. 7502(a)(2) MAILING REQUIREMENTS. --This subsection shall apply only if -- 7502(a)(2)(A) the postmark date falls within the prescribed period or on or before the prescribed date -- 7502(a)(2)(A)(i) for the filing (including any extension granted for such filing) of the return, claim, statement, or other document, or 7502(a)(2)(A)(ii) for making the payment (including any extension granted for making such payment), and 7502(a)(2)(B) the return, claim, statement, or other document, or payment was, within the time prescribed in subparagraph (A), deposited in the mail in the United States in an envelope or other appropriate wrapper, postage prepaid, properly addressed to the agency, officer, or office with which the return, claim, statement, or other document is required to be filed, or to which such payment is required to be made. 7502(b) POSTMARKS. --This section shall apply in the case of postmarks not made by the United States Postal Service only if and to the extent provided by regulations prescribed by the Secretary.

Which, I am assuming, is to say, "there is no basis in fact for what he is saying" Thanks very much

CPA is telling me that a maximum deduction is: Schedule C - 1/2 SE - Medical Ins. = Max Deduction 51,320 - 3,626 - 14,400 = 33,294 and I get $33,539 I have never heard of a Medical Ins offset limiting the contribution. Have I learned something today (and so its time to go home?) Thank you

Received one this week also.

Does he have a Partner % on the K-1 as of the end of the year? If its 0%, that would make it clear.

I agree with PensionPro. My experience is they will approve anything reasonable if you fill out the forms correctly.

ok, so the two component plans are aggregated for TH. Thanks

Dammit! I wrote it wrong. I apologize and hope someone has time to respond to the correction: Plan has 21 & 12 for PS but 3 months for 401k & SH Match If the owner gets Profit Sharing does that eliminate the SH/TH exemption for the OE component plan? (So the OE employees will need to get TH min if SH is less than 3% of pay) Thank you

Plan has 21 & 12 for PS & SH Match but 3 months for 401k If the owner gets Profit Sharing does that eliminate the SH/TH exemption for the OE componant plan? (So the OE employees will need to get TH min is SH is less than 3% of pay) Thank you