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Mike Preston

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Everything posted by Mike Preston

  1. Mike Preston
    I see it in California about once every three years or so.
  2. Mike Preston
    Doesn't sound like the same thing to me. A fixed date is the same as a freeze. Your's is a not well disguised 410a violation.
  3. Mike Preston
    Yes, as long as the ABT is not needed to satisfy 410(b).
  4. Mike Preston
    Roasted garlic?
  5. Mike Preston
    No, but the valuation might recognize it.
  6. Mike Preston
    smh
  7. Mike Preston
    While no practical difference presumed AFTAP does not reduce by 10%.
  8. Mike Preston
    But it may be relevant in the context of future legislation.
  9. Mike Preston
    I would expect the letter to identify the form of authority being asserted. Then it's up to the plan administrator as to whether or not it's reasonable to accept.
  10. Mike Preston
    In the absence of receiving a letter informing the plan that the mailing address for the now deceased participant should be updated as indicated the 1099r goes to the same address the plan has in its official records.
  11. Mike Preston
    Or to just eliminate it.
  12. Mike Preston
    50%
  13. Mike Preston
    I do. Sounds like great fun.
  14. Mike Preston
    Taxpayer?
  15. Mike Preston
    Please re-read the entire thread, because the above is not correct.
  16. Mike Preston
    I think there may be a cash flow PTE.
  17. Mike Preston
    CuseFan is right. The OP is applying the concept of vesting computation periods.
  18. Mike Preston
    You aren't wrong.
  19. Mike Preston
    Yeah, I'd love to see the ASOP 51 disclosure on one of these. $ to donuts they are taking the position that the deductible amount is the purview of somebody else. Nasty surprise awaits the client.
  20. Mike Preston
    Sure, why not?
  21. Mike Preston
    Where is option 2?
  22. Mike Preston
    Or test on accrued to date.
  23. Mike Preston
    Not that kind of pooled funds.
  24. Mike Preston
    You need to search this forum for a copy of Larry Starr's outline of this topic. In the case of a sole prop I usually start with the SE. But the doc might call for other adjustments. It can get complicated.
  25. Mike Preston
    Something does not make sense to me. Every davis-bacon plan I've ever worked on provided much more than top-heavy minimum to the davis-bacon participants. Otherwise it is not taking advantage of the davis-bacon provisions.???
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