jeanh

thanks🤣

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I did ask the first agent why they were auditing a plan that required no discrimination testing, etc... (family business) he just kind of fumbled around with the standard, "could be many reasons" line, but did say they were trying to stay busy. This next one is a one man plan ,with no contributions..... really a huge waste of time, and they are not even visiting my office or clients office - just a teams meeting Just curious if any other areas are getting audits. I have not had a plan audit in over 10 years

These were very small 1 man plans for 2022-2024- in Houston Tx The first one was a family business with 3 family members only , audit went thru with no issues I am currently working on the 1 man plan - via zoom meeting and should be no issues Neither plan had any red flags, all data requested I had available Just curious, could the IRS possibly target my firm?

Has anyone started receiving audit request - I have had two of my clients audited in last 2 months

it is a 401k plan, and s corp

Have a company , father owns 100% of business and son over age 21 is only employee- I realize due to attrition rules the son also owns 100% - so is this a one man plan that I can file a 5500 EZ , or do I need to do an Sf?

thanks so much - this helps

I am trying to find a table that would come close to a rate for a very very old governmental plan (that was using an insurance company annuity rate of about $130 F/$112 M age 65 - interest would be 6.5%

Could you give me the rate for up84 at 6.5% and 7% at age 65 or is there a chart you could reference?

I have the same question, can they have have different employer contribution formulas?

Same question- can they have different employer contribution formulas?

Would you mind sending me the spreadsheet for a controlled group- thanks

thanks

as far as I can tell from the instructions with a self funded plan - you are exempt from all the schedules H, and would have nothing to report for Schedule C or G . Just seems like such limited amount of info to file, just worried I am missing something. Have I missed something

Have a welfare benefit plan funded from general assets of sponsor over 100 employees Taking the position no audit required - so as far as I can tell all I file are the 3 pages of the 5500 - no schedule H or schedule C? thanks

In regards to above - what is filed - only the 3 page 5500 with no schedules ?

Yes, I usually use first day of current plan year, but some provisions go back quite a few years, so just wanted to know what general consensus was thanks

With the DB prototypes finally getting approval letters - what dates should be used for effective date of restatement?

thanks so much for input - thinking I will go with Datair - cost is reasonable and the references I spoke with were very happy

ASC

Looking to change the current software providers for my dc and db administration/testing work- any suggestions ?- cost effective

thanks so much for all the help.... looks like with the above info this Sub S with two owners 50/50 now are able to use the 5500EZ and not file if $250,000 or less in assets -

Thank you - my question is the term "partners" - this plan has two owners, no employees, but it is not a Partnership for business entity type - it is set up as an S Corp for taxing purposes - not an LLP so does the term partner mean taxing entity of business or just only owners?

had a call from an accountant asking is a client that is a Sub S considered to fall under the Owner only rule (2 owners in sub s) for filing of the 5500EZ as long as assets are under 250 limit I have always thought the instructions used the word partnership and thus an EZ option was not available for Sub S corp structure - ?