DTH Posted February 26, 2008 Posted February 26, 2008 There are three partners that are more than 5% owners. The partners had negavtive earnings for 2007. Do you count them in the 2007 ADP/ACP test?
Tom Poje Posted February 27, 2008 Posted February 27, 2008 years ago at an ASPPA conference the IRS personal indicated it would be 'reasonable' to treat such ees as not eligible, that is, don't include them at all. but there is nothing in the regs that addresses this issue.
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