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Terminated plan, do we have to file?


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Guest JohnSB
Posted

A single employee plan with assets under $100,000 was terminated effective Dec 31, 2006 but the assets were not distributed from the plan until March 2007. Do we have to file a 5500 for 2006? 2007?

Posted

Your 2007 filing will be due end of seventh month following distribution. If assets went out in March your due date for filing or extending is 10/31/07.

JanetM CPA, MBA

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