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Going from a 5500 to a 5500 ez?


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Guest chris4013
Posted

This company at one time had over 30 participants. Now there is one last terminated participant who has a loan. He wants to repay the loan prior to rolling it over to an IRA. Is there any reason why I cant file a 5500 EZ?

Posted

Is the one participant left an owner or just an employee? If he is just a common law employee, you'll need the 5500, not the EZ. Check the 5500 filing instructions for details.

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