Raj

Starting to file first form 5500-ez. Line 6a has information information about value of asset in the begin and end of year. My contribution was 20k in 2016 that I deposited in March 2017 for 2016. This is with fidelity solo plan. How will IRS know I actually deposited 20k considering the value of plan(including mutual funds etc) went up by 40K in the year?

I have a one man Corp since 2003 and opened a 401k solo plan with fidelity. I am finding value of this portfolio crossed threshold of 250k. So I plan filing 5500EZ by March 15 i.e when I file company taxes. How far back can IRS audit this? How will they know who much actually I deposited each year etc considering stock market changes and I lost money few years. It should have been 250K in 13 years considering my deposit have been 20k each year. Is it normal for solo accounts?