Guest wjr Posted March 4, 2003 Posted March 4, 2003 If a company has a SARSEP and the owner sells the business to some of the EEs, changing Tax I.D. but not the name, can they continue to sponsor the SARSEP? Their accountant is telling them they can not continue it any longer and must return the deferrals made in 2003.
Gary Lesser Posted March 4, 2003 Posted March 4, 2003 What types of business entities were the two organizations? Exactly what was sold and purchased? Assets and Liabilities? Stock? If sole-proprietor was he alive at time? Just name and goodwill? And so on. Does the seller have/retain any interest in the new entity. This may be a good question to ask Derrin Watson once you can put all the facts together.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now