Richard Anderson Posted August 29, 2001 Posted August 29, 2001 Plan Sponsor has been filing 5500's in the past, but now has no employees other than the owner. I believe that 5500EZ may now be filed, since there are no employees. Is the final return marked for the 5500 and/or first return marked for the 5500EZ when making this switch?
wmyer Posted August 29, 2001 Posted August 29, 2001 If no participants other than the owner benefited in the plan in the year for which the 5500 is being filed, then an EZ can be filed (if former employees still have money in the plan, a full 5500 must still be filed). The final box should not be checked on the prior year's 5500. The IRS instructions for the 5500-EZ also indicate that the "first filing" box should NOT be checked on the EZ, since in previous years a 5500 had been filed. W Myer
Recommended Posts
Archived
This topic is now archived and is closed to further replies.