AJC
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AJC got a reaction from Bill Presson in Filing via DFVCP. Starting with 5500-SF and ending with 5500-EZ... Maybe? And do we count a $0.75 balance?
The owner was paid out just after the termination amendment in early 2019. And maybe that is why they have the missed filings. In any event, filing Forms 5500-SF for the remaining years appears to be the way to go.
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AJC got a reaction from David D in Filing via DFVCP. Starting with 5500-SF and ending with 5500-EZ... Maybe? And do we count a $0.75 balance?
The owner was paid out just after the termination amendment in early 2019. And maybe that is why they have the missed filings. In any event, filing Forms 5500-SF for the remaining years appears to be the way to go.
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AJC got a reaction from Bill Presson in UBTI on qualified plan asset
One of my clients - a small 401(k) plan sponsor, emailed me copies of three K-1's they received for 2020, which is the first year their plan invested in these gas and oil businesses (LP's). The K-1's together show ordinary business income totals about $1,600. So, based on your quote it appears my client must file a 990-T for the 2020 UBTI under their their 401(k) plan. Sound right? This client's CPA thinks UBTI does not apply to a 401(k) plan. Obviously, there is a lot I am missing.