Self-employed individual

[Guest ahill]

I am a self-employed individual who is setting up a Sec. 105 account for myself and my spouse. I know that with less than 100 employees, the 5500 is not required; exactly what form is? It appears that the 5500EZ is only for retirment benefit plans. What form should I be filing? Also, when I hire a couple employees and offer them this plan, is there a different form to file for a group less than 100 but greater than the owner and spouse?

[GBurns]

The far bigger questions are..Can you really set up a plan for yourself? Is your spouse a bona fide employee?

The answers most often are no, therefore you probably cannot/should not be able to set up a compliant 105 plan.

[Guest ahill]

Thank you for your reply, however, I would appreciate if anyone could provide an actual answer to the question.

[jpod]

No filing on Form 5500 series is required for an unfunded welfare benefit plan covering less than 100 participants at the beginning of the plan year. (I, too, however, have the same tax questions as a previous poster, assuming you are "self-employed" for tax purposes , i.e., an unincorporated sole proprietor.)