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Final IRS Form 5500 Filing Requirement


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Guest pjrieck
Posted

Is a plan exempt from filing an IRS Form 5500 (sole proprietor with less than $100,000 in assets) on an ongoing basis required to file a final IRS Form 5500 when the plan terminated or merged?

Posted

From the EZ Instructions:

Pretty clear cut:

"Note: All one-participant plans must file a Form 5500-EZ for their final plan year even if the total plan assets have always been less than $100,000. The final plan year is the year in which distribution of all plan assets is completed..."

FYI - the BOLD items are emphasized in the instructions, not my emphasis!

Guest pjrieck
Posted

Thanks. I should have reviewed this before posting the message.

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